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• CITY OF ELK RIVER,MINNESOTA-•ISTRICT NO.21(ANC) •
<br /> BASIC ASSUMPTIONS
<br /> District: New Economic Development District
<br /> Inflation Rate per Year 3.0000%
<br /> Pay As You Go Rate 8.00%
<br /> Fiscal Disp.Contnbution Ratio EST 0.000%
<br /> Current Tax Extension Rate-Pay 2000 1.194480
<br /> Frozen Tax Extension Rate -Pay 2001 1.194480
<br /> I BASE TAX CAPACITY
<br /> Market Tax Rate Tax Year
<br /> PID Value Capacity Payable
<br /> 75-616-0020 Emmerich site 763,000 2.4%-3.4% 24,442 2001
<br /> TOTALS 763,000 24,442
<br /> PROJECT VALUE INFORMATION
<br /> Market Value Taxes Tax Capacity Total Tax
<br /> Development Phase Sq.Ft. Sq.Ft Per Total Minus Capacity Tax Market
<br /> Type Units Units Sq.Ft./Unit Taxes Fis.Dis. Rate Value Payable
<br /> Industrial 1 $53.00 73,000 $2.13 155,337 130,046 130,046 2.4%/3.4% 3,869,000 2002
<br /> TOTALS 155,337 130,046 130,046 3,869,000
<br /> TOTAL PROJECT
<br /> TAX INCREMENT CASH FLOW
<br /> Payment Date
<br /> Beginning Period Annual Project Captured Semi-Annual State Aud. Semi-Annual City P.A.Y.G. Semi-Annual Local Ending Period
<br /> Base Tax Tax Tax Gross Tax Payment Tax Administration Note Net Tax Match
<br /> Yrs. Mth. Yr. Capacity Capacity Capacity Increment 0.25% Increment 10.00% 90.00% Increment 10.00% Yrs. Mth. Yr.
<br /> 0.0 02-01 2000 24,442 24,442 0 0 0 0 0 0 0 0 0.0 08-01 2000
<br /> 0.0 08-01 2000 24,442 24,442 0 0 0 0 0 0 0 0 0.0 02-01 2001
<br /> 0.5 02-01 2001 24,442 97,160 72,718 43,430 (182) 43,248 (3,584) (39,664) 0 4,325 0.0 08-01 2001
<br /> 1.0 08-01 2001 24,442 97,160 72,718 43,430 (182) 43,248 (3,584) (39,664) 0 4,325 0.0 02-01 2002
<br /> 1.5 02-01 2002 24,442 130,046 105,604 63,071 (264) 62,807 (5,540) (57,267) 0 6,281 2.0 08-01 2002
<br /> 2.0 08-01 2002 24,442 130,046 105,604 63,071 (264) 62,807 (5,540) (57,267) 0 6,281 2.5 02-01 2003
<br /> 2.5 02-01 2003 24,442 133,947 109,505 65,401 (274) 65,127 (5,772) (59,356) 0 6,513 3.0 08-01 2003
<br /> 3.0 08-01 2003 24,442 133,947 109,505 65,401 (274) 65,127 (5,772) (59,356) 0 6,513 3.5 02-01 2004
<br /> 3.5 02-01 2004 24,442 137,966 113,524 67,801 (284) 67,517 (6,011) (61,506) 0 6,752 4.0 08-01 2004
<br /> 4.0 08-01 2004 24,442 137,966 113,524 67,801 (284) 67,517 (6,011) (61,506) 0 6,752 4.5 02-01 2005
<br /> 4.5 02-01 2005 24,442 142,105 117,663 70,273 (294) 69,979 (6,257) (63,722) 0 6,998 5.0 08-01 2005
<br /> 50 08-01 2005 24,442 142,105 117,663 70,273 (294) 69,979 (6,257) (63,722) 0 6,998 5.5 02-01 2006
<br /> 5.5 02-01 2006 24,442 146,368 121,926 72,819 (305) 72,514 (6,510) (66,004) 0 7,251 6.0 08-01 2006
<br /> 6.0 08-01 2006 24,442 146,368 121,926 72,819 (305) 72,514 (6,510) (66,004) 0 7,251 6.5 02-01 2007
<br /> 6.5 02-01 2007 24,442 150,759 126,317 75,442 (316) 75,126 (6,772) (68,354) 0 7,513 7.0 08-01 2007
<br /> 7.0 08-01 2007 24,442 150,759 126,317 75,442 (316) 75,126 (6,772) (68,354) 0 7,513 7.5 02-01 2008
<br /> 7.5 02-01 2008 24,442 155,282 130,840 78,143 (327) 77,816 (7,782) (70,034) 0 7,782 8.0 08-01 2008
<br /> 8.0 08-01 2008 24,442 155,282 130,840 78,143 (327) 77,816 (7,782) (70,034) 0 7,782 8.5 02-01 2009
<br /> 8.5 02-01 2009 24,442 159,940 135,498 80,925 (339) 80,586 (8,059) (72,528) 0 8,059 9.0 08-01 2009
<br /> 9.0 08-01 2009 24,442 159,940 135,498 80,925 (339) 80,586 (8,059) (72,528) 0 8,059 9.5 02-01 2010
<br /> TOTALS 1,234,608 (5,168) 1,229,440 (112,570) (1,116,870) 0 122,944
<br /> PRESENT VALUE 843,511 (3,531) 839,980 (76,171) (763,809) 0 83,998
<br /> Prepared by City of Elk River 7/20/2000 Page 1
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