Laserfiche WebLink
x 2024 Local Capacity Rate 100.344% <br /> <br />Estimated Total Gross Tax Increment Revenue at Completion <br />(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 <br />Collection (9 years) $1,490,982 <br />Estimated City Retained (5%) $74,550 <br />Total Estimated Net Tax Increment and Present Value with <br />0% interest rate $1,416,432 <br /> <br />Total Estimated Net Tax Increment Present Value with <br />3.5% interest rate $1,126,637 <br /> <br />Total Estimated Net Tax Increment Present Value with <br />5% interest rate $1,025,957 <br /> <br />Table 1b: Tax Increment Revenue Projections (Phase 2 Only) <br /> <br />Tax Increment Revenue Estimates <br />Estimated Building Size (expansion constructed in 2026) 40,000 SF <br /> <br />Estimated Total Completed Value $3,000,000 <br />Total Tax Capacity $59,250 <br />Captured Tax Capacity (Original - $0 included in Phase 1) $59,250 <br />x 2024 Local Capacity Rate 100.344% <br /> <br />Estimated Total Gross Tax Increment Revenue at Completion <br />(less OSA deduction of 0.36%) $59,240 <br /> <br />Less: 5% for Administrative Expenses $2,962 <br />Estimated Net Annual Available Revenue $56,278 <br /> <br />Total Estimated Gross Tax Increment over Remaining Term $440,732 <br />Estimated City Retained (5%) $22,036 <br />Total Estimated Net Tax Increment and Present Value with <br />0% interest rate $418,696 <br /> <br />Total Estimated Net Tax Increment Present Value with <br />3.5% interest rate $324,468 <br /> <br />Total Estimated Net Tax Increment Present Value with <br />5% interest rate $292,055 <br /> <br /> <br />Page 38 of 64