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TIF DISTRICT NO. 18 (Morrell) <br /> CASH FLOW ASSUMPTIONS <br /> Pay-As-You-Go Interest Rate 0.00% <br /> Tax Extension Rate 1.12767 Pay 97 <br /> Inflation Rate 0.00% <br /> VALUE/RATE/CAPACITY <br /> Base Effective Tax <br /> Value Rate Capacity <br /> Value Information 39,900 2.50% 998 Pay 97 <br /> PROJECT INFORMATION <br /> Type of Total Taxes Per Total Tax Market Date <br /> Use Sq. Ft. Sq. Ft. Taxes Capacity Value Payable <br /> Commercial 45,000 $1.72 77,255 68,509 2,000,250 2000 <br /> Totals 45,000 77,255 68,509 2,000,250 <br /> BUT FOR ANALYSIS <br /> Current Market Value-Estimate 39,900 <br /> New Market Value-Estimate 2,000,250 <br /> Difference 1,960,350 <br /> Present Value at 0.00% 680,651 <br /> Difference 1,279,699 <br /> Value Likely to Occur Without TIF 0 <br /> Difference 1,279,699 <br /> • LOCAL MATCH ANALYSIS <br /> City contribution to project 68,000 <br /> Other contribution to project 0 <br /> Total local match to project 68,000 <br /> IMPACT ANALYSIS <br /> TAX CAPACITIES <br /> SHERBURNE 63,007,347 67,511 0.107% <br /> ELK RIVER 12,251,909 67,511 0.551% <br /> DISTRICT 728 25,234,529 67,511 0.268% <br /> TAX RATES <br /> SHERBURNE 0.243920 67,511 16,467 <br /> ELK RIVER 0.246830 67,511 16,664 <br /> DISTRICT 728 0.623590 67,511 42,099 <br /> OTHER 0.013330 67,511 900 <br /> TOTALS 1.127670 76,130 <br /> Cashflow analysis prepared by CITY OF ELK RIVER 2/10/98 <br />