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Exhibit IV Estimated Impact on Other Taxing Jurisdictions Report City of Elk River, Minnesota Tax Increment Financing (Economic Development) District No. 26 Shoot Steel, INC Draft TIF Plan Exhibits Without Project or TIF District With Project and TIF District Projected Hypothetical 2019/2020 2019/2020 Retained New Hypothetical Hypothetical Tax Generated Taxable 2019/2020 Taxable Captured Taxable Adjusted Decrease In by Retained Taxing Net Tax Local Net Tax Net Tax Net Tax Local Local Captured Jurisdiction Capacity (1) Tax Rate Capacity (1) + Capacity = Capacity Tax Rate (*) Tax Rate (*) N.T.C. (*) City of Elk River 27, 823, 086 46.241 % 27, 823, 086 $26, 618 27, 849, 704 46.197% 0.044% 12,297 Sherburne County 106,729,866 47.426% 106,729,866 26,618 106,756,484 47.414% 0.012% 12,621 IS D #728 41, 735, 916 34.371 % 41, 735, 916 26,618 41, 762, 534 34.349% 0.022% 9,143 Other (2) --- 2.533% --- 26,618 --- 2.533% --- --- Totals 130.571% 130.493% 0.078% * Statement 1: If the projected Retained Captured Net Tax Capacity of the TIF District was hypothetically available to each of the taxing jurisdictions above, the result would be a lower local tax rate (see Hypothetical Adjusted Tax Rate above) which would produce the same amount of taxes for each taxing jurisdiction. In such a case, the total local tax rate would decrease by 0.078% (see Hypothetical Decrease in Local Tax Rate above). The hypothetical tax that the Retained Captured Net Tax Capacity of the TIF District would generate is also shown above. Statement 2: Since the projected Retained Captured Net Tax Capacity of the TIF District is not available to the taxing jurisdictions, then there is no impact on taxes levied or local tax rates. (1) Taxable net tax capacity = total net tax capacity - captured TIF - fiscal disparity contribution, if applicable. (2) The impact on these taxing jurisdictions is negligible since they represent only 1.94% of the total tax rate.