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TIF DISTRICT NO. 21 <br /> CASH FLOW ASSUMPTIONS <br /> Pay-As-You-Go Interest Rate 6.00% <br /> • Tax Extension Rate 1.11504 Pay 98 <br /> Inflation Rate 2.00% <br /> VALUE/RATE/CAPACITY <br /> Base Effective Tax <br /> Value Rate Capacity <br /> Value Information 260,000 2.45% 8,029 Pay 99 <br /> PROJECT INFORMATION <br /> Industrial Total Taxes Per Total Tax Market Date <br /> Use Sq. Ft. Sq. Ft. Taxes Capacity Value Payable <br /> Phase I 50,000 $1.50 74,763 67,050 1,950,000 2001 <br /> Totals 50,000 74,763 67,050 1,950,000 <br /> BUT FOR ANALYSIS <br /> Current Market Value-Estimate 260,000 <br /> New Market Value-Estimate 1,950,000 <br /> Difference 1,690,000 <br /> Present Value at 6.00% 365,961 <br /> Difference 1,324,039 <br /> Value Likely to Occur Without TIF 0 <br /> Difference 1,324,039 <br /> LOCAL MATCH ANALYSIS <br /> • City contribution to project 40,000 <br /> Other contribution to project 0 <br /> Total local match to project 40,000 <br /> IMPACT ANALYSIS <br /> TAX CAPACITIES <br /> SHERBURNE 58,246,430 59,021 0.101% <br /> ELK RIVER 12,383,123 59,021 0.477% <br /> DISTRICT 728 26,390,619 59,021 0.224% <br /> TAX RATES <br /> SHERBURNE 0.272350 59,021 16,074 <br /> ELK RIVER 0.262550 59,021 15,496 <br /> DISTRICT 728 0.565390 59,021 33,370 <br /> OTHER 0.014750 59,021 871 <br /> TOTALS 1.115040 65,811 <br /> • <br /> Cashflow analysis prepared by CITY OF ELK RIVER 12/16/98 <br />