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<br /> EXHIBIT E
<br /> IMPACT OF TAX INCREMENT FINANCING DISTRICT NO. 12
<br /> ON OTHER MAJOR TAXING JURISDICTIONS
<br /> City of Elk River,Minnesota
<br /> Without Project With Project
<br /> Projected
<br /> 1995/96 1996 1996 1995/96 Projected New Tax 1995/96 Adjusted Tax Capacity Captured Impact've On
<br /> Tax Capacity Ad Valorem Tax Capacity Tax Capacity Captured Tax Capacity Ad Valorem Tax Capacity Rate Tax Capacity Other Taxing
<br /> Value Taxes Levied Rate Value Capacity Value Value Taxes Levied Rate Impact Value Jurisdictions
<br /> City of Elk River $10,694,856 $2,570,439 24.033% $10,694,856 $14,500 $10,709,356 $2,570,439 24.002 0.031
<br /> Sherburne County $57,579,856 $13,555,651 23.574% $57,579,856 $14,500 $14,500 $449
<br /> ISD 728 $22,502,787 $12,305,019 54.530% $57,594,356 $13,555,651 23.536 0.038 $14,500 $551
<br /> $22,502,787 $14,500 $22,517,287 $12,305,019 54.495 0.035 $14,500 $507
<br /> Other 1.360% $14,500 0 $14,500
<br /> TOTALS 103.497% $0
<br /> 103.393 0.104 $1,507
<br /> STATEMENT 1: The 1995/96 tax capacity value times the 1995/96 tax capacity rate produces 1995/96 taxes generated. If the captured tax capacity value was
<br /> available to each taxing jurisdiction,the result would be a lower or adjusted tax capacity rate which would produce the same amount of taxes.
<br /> Thus,with the addition of captured value of$14,500,the tax capacity rate for the above-selected major taxing jurisdictions would be reduced
<br /> by a rate of.104%to an adjusted tax capacity of 103.393%. The captured tax capacity times the adjusted tax capacity rate of 103.393%
<br /> would generate$1,507 in increment income,which represents the loss of new revenues if the development had not occurred without inclusion
<br /> in a Tax Increment District.
<br /> STATEMENT 2: If no captured tax capacity value is available to each of the taxing jurisdictions,there is no impact on the taxes heretofore levied,and
<br /> therefore,no impact on tax capacity rates.
<br /> NOTE: The impact on"other"taxing jurisdictions is negligible since those jurisdictions represent approximately 1.0%of the overall tax levy
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