3.0. SR 03-08-1993 - Laserfiche WebLink

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. . . $0.00. The County Auditor Certification attributable to this value is attached as Exhibit C. 5. Estimated Captured Tax Capacity The finished market value upon completion of the improvements in Tax Increment Financing District No. 9 is estimated at $900,000. This value translates into a completed net tax capacity estimated at $41,400. The captured net tax capacity is estimated as follows: Completed Net Tax Capacity Less Original Net Tax Capacity Equals Captured Net Tax Capacity $41,400 -0- $41,400 One hundred percent of the captured net tax capacity of Tax Increment Financing District No. 9 will be required to finance the public costs associated with District No.9. As a result, the City of Elk River elects, pursuant to Minnesota Statute 469.177 Subdivision 2 (a) (1), to retain the full captured net tax capacity of Tax Increment Financing District No.9. 6. Duration of the Tax Increment Financinq District No. 9 The City of Elk River expects that the first increment it will receive from Tax Increment Financing District No. 9 will be for taxes payable in 1995. This is based on a project with a completed value on January 1, 1994. The City expects to continue to receive tax increment from Tax Increment District No. 9 up to and including 1999, or until $194,000 in Tax Increment has been received. Thereafter, no further increments may be received and Tax Increment District No. 9 will terminate. F. CASH FLOW ANALYSIS Attached as Exhibit D is the Cash Flow Analysis for Tax Increment District No.9. G. IMPACT ON OTHER LOCAL TAXING JURISDICTIONS 1. Estimated Impact of District No. 9 on the Taxinq Jurisdictions Assuminq the Captured Net Tax Capacity is Available to the Taxing Jurisdictions Without Creation of District No.9: