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ID 0 •
<br /> Projected Tax Increment Report I
<br /> City of Elk River, Minnesota
<br /> Tax Increment Financing (Redevelopment)District No. 19
<br /> (U.S. Highway 169 and County Highway 12 Project)
<br /> Less: Less: Retained Times: Less: Less: Plus:
<br /> ' Annual Total Original Fiscal Captured Tax Annual State Aud. Admin. Annual Local Annual
<br /> Period Net Tax Net Tax Disp.@ Net Tax Capacity Gross Tax Deduction Retainage Net Tax Contribution Net
<br /> Ending Capacity Capacity 0.0000% Capacity Rate Increment 0.25% 5.00% Increment 5.00% Revenue
<br /> (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
<br /> 12/31/98 76,447 76,447 0 0 111.504% 0 0 0 0 0 0
<br /> 12/31/99 76,447 76,447 0 0 111.504% 0 0 0 0 0 0
<br /> 12/31/00 356,447 76,447 0 280,000 111.504% 312,211 781 15,572 295,858 15,572 311,430
<br /> 12/31/01 636,447 76,447 0 560,000 111.504% 624,422 1,561 31,143 591,718 31,143 622,861
<br /> 12/31/02 986,447 76,447 0 910,000 111.504% 1,014,686 2,537 50,607 961,542 50,607 1,012,149
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<br /> 12/31/03 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/04 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/05 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/06 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/07 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/08 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/09 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/10 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/11 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/12 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/13 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/14 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/15 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/16 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/17 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/18 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/19 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/20 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438
<br /> 12/31/21 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438 in
<br /> X
<br /> 12/31/22 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438 I
<br /> 12/31/23 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438 CO
<br /> 12/31/24 1,336,447 76,447 0 1,260,000 111.504% 1,404,950 3,512 70,072 1,331,366 70,072 1,401,438 -I
<br /> $32,860,219 $82,143 $1,638,906 $31,139,170 $1,638,906 $32,778,076 =
<br /> Present Value @ 7.50%= $12,594,291
<br /> Prepared by:Springsted Incorporated(printed on 6/11/98 at 2.10 PM) Tifinca
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