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Exhibit IV <br /> <br />Estimated Impact on Other Taxing Jurisdictions Report <br />City of Elk River, Minnesota <br />Tax Increment Financing (Economic Development) District No. 29 <br />Heritage Millwork Inc Proposed Industrial Project <br />Draft TIF Plan Exhibits based on Phase 1 and 2 (150k SF) $11.2M <br />Without <br />Project or TIF District With Project and TIF District <br />Final Projected Hypothetical <br />2023/2024 2023/2024 Retained New Hypothetical Hypothetical Tax Generated <br />Taxable 2023/2024 Taxable Captured Taxable Adjusted Decrease In by Retained <br />Taxing Net Tax Local Net Tax Net Tax Net Tax Local Local Captured <br />Jurisdiction Capacity (1)Tax Rate Capacity (1) + Capacity = Capacity Tax Rate (*) Tax Rate (*) N.T.C. (*) <br />City of Elk River 42,671,578 37.817% 42,671,578 $275,215 42,946,793 37.575% 0.242% 103,411 <br />Sherburne County 164,917,675 36.597% 164,917,675 275,215 165,192,890 36.536% 0.061% 100,553 <br />ISD #728 66,175,265 23.924% 66,175,265 275,215 66,450,480 23.825% 0.099% 65,570 <br />Other (2)-2.006%---2.006%-- <br />Totals 100.344%99.942% 0.402% <br /> * Statement 1: If the projected Retained Captured Net Tax Capacity of the TIF District was hypothetically available to each of <br />the taxing jurisdictions above, the result would be a lower local tax rate (see Hypothetical Adjusted Tax Rate above) <br />which would produce the same amount of taxes for each taxing jurisdiction. In such a case, the total local tax rate <br />would decrease by 0.402% (see Hypothetical Decrease in Local Tax Rate above). The hypothetical tax that the <br />Retained Captured Net Tax Capacity of the TIF District would generate is also shown above. <br />Statement 2: Since the projected Retained Captured Net Tax Capacity of the TIF District is not available to the taxing jurisdictions, <br />then there is no impact on taxes levied or local tax rates. <br /> (1) Taxable net tax capacity = total net tax capacity - captured TIF - fiscal disparity contribution, if applicable. <br /> (2) The impact on these taxing jurisdictions is negligible since they represent only 2.00% of the total tax rate. <br />Page 33 of 64