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• ~ • <br />DRAFT <br />EXHIBIT D <br />TAX INCREMENT FINANCING DISTRICT NO. 12 <br />CASH FLOW ANALYSIS <br /> *1996 ~ 199'r I 1998 I 1999 I 2000 I 2001 ~ 2002 1 2003*** <br />Original Net Tax Capacity(1) **$2,300 $2,369 $2,440 $2,513 $2,588 $2, 65 $2,745 $2,827 <br />Total Net Tax Capacity Q 5.fi 0 $15.650 P75.6F0 °;15.650 . 1 .6.x,0 $,~,~Q 815"650 <br />Captured Net Tax Capacity $0 $13,281 $13,210 $13,137 $13,062 $12,985 $12,905 $12,823 <br />Estimated Tax Rate(2) 1.04247 1.04247 1.04247 1.04247 1.04247 ..1.04247 1.04247 1.04247 <br />Captured Tax Increment $13,845 $13,771 $13,694 $13,616 $13,536 $13,453 $0 <br />Cumulative Captured Tax Increment $26,616 $40,310 $53,926 $67,462 $80,915 $80,915 <br />(1) Assumes a three percent (3%) annual increase in original tax capacity. <br />(2) Based on a payable 1995 tax rate. This rate will change in 1996 and in subsequent years; <br />This will result in a change in the actual amount of tax increment collected by the city. <br />Taxes will be generated in 1996, but no increment will be collected. The first year an <br />increment will be collected is 1997 and is based on a finished market value as a January 1, 1996. <br />** Assumes no construction value as a January 1, 1995. <br />*** The District is decertified December 31, 2002, and taxes generated in 2003 will be collected by the <br />local taxing jurisdictions. <br />