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9 <br />Heritage Millwork Inc. TIF Summary <br />Tax Increment Revenue Estimates <br />Tax Increment Revenue Estimates <br />Estimated Building Size 110,000 SF <br />   <br />Existing Land Value $110,095 <br />Original Net Tax Capacity (Base)$1,651 <br />   <br />Estimated Total Completed Value $8,250,000 <br />Total Tax Capacity $165,900 <br />Captured Tax Capacity (Total less Original)$164,249 <br />x 2024 Local Capacity Rate 100.344% <br />   <br />Estimated Total Gross Tax Increment Revenue at Completion (less OSA deduction of 0.36%)$164,221 <br />   <br />Less: 5% for Administrative Expenses $8,211 <br />Estimated Net Annual Available Revenue $156,010 <br />   <br />Total Estimated Gross Tax Increment over Maximum Term of Collection (9 years)$1,490,982 <br />Estimated City Retained (5%)$74,550 <br />Total Estimated Net Tax Increment and Present Value with 0% interest rate $1,416,432 <br />Total Estimated Net Tax Increment Present Value with 3.5% interest rate $1,126,637 <br />Total Estimated Net Tax Increment Present Value with <br />5% interest rate $1,025,957 <br />Page 423 of 464