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EXHIBIT D <br />TAX INCREMENT FINANCING DISTRICT NO. 14 <br />CASH FLOW ANALYSIS <br /> <br />Original Net Tax Capacity(I) <br /> <br />Total Net Tax Capacity <br /> <br />Captured Net Tax Capacity <br /> <br />Estimated Tax Rate (2) <br /> <br />Captured Tax Increment <br /> <br />Cumulative Captured Tax Increment <br /> <br />I '1997 I 1998 I 1999I 2000I 2001 J 2002 <br /> $ 2,369 $2,440 $2,513 $2,772 $2,855 $2,940 <br /> <br /> $2,369 $16,800 $16,800 $16,800 $16,800 $16,800 <br /> <br /> $0 <br />103.497 <br /> <br />$14,360 $14,287 $14,028 $13,945 $13,860 <br />103.497 103.497 103.497 103.497 103.497 <br />$14,863 $14,787 $14,519 $14,433 $14,345 <br /> $29,650 $44,169 $58,602 $72,947 <br /> <br />(1) Assumes a three percent (3%) annual increase in original tax capacity. <br /> <br />(2) Based on a payable 1996 tax rate. This rate will change in 1997 and in subsequent years; <br /> This will result in a change in the actual amount of tax increment collected by the city. <br /> <br />* Taxes will be generated in 1997, but no increment will be collected. The first year an increment <br /> will be collected is 1998 and is based on a finished market value as of January 1, 1997. <br /> <br />** Assumes no construction value as a January 1, 1996. <br /> <br />*** The District is decertified December 31, 2002, and taxes generated in 2003 will be collected by the local <br /> taxing jurisdictions. <br /> <br />I***2003 <br /> $ 3,028 <br /> <br /> $ 16,800 <br /> <br />$ 13,772 <br /> <br /> 103.497 <br /> <br /> $o <br /> <br />$ 72,947 <br /> <br /> <br />