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Sherma»/Common Bond Developments -District 3-3
<br />City of Little Canada
<br />'I'.Lt. CASH EI,OW ASSUMPTIONS
<br />Infation Rate (on market value only -tax rate increases are not captured) O.000D%
<br />Interest Rate 6.500% Please verity
<br />Local Tax Rate 1.011420 Pay 2002
<br />Fiscal Disparities Contribution Ratio Outside District
<br />Fiscal Disparities Contribution Ratio-Area Wde Outside District
<br />Amount of increment will vary depending upon market value, tax rates, class rates,
<br />construction schedule, and inflation on market value. Inflation on tax rates
<br />cannot be captured.
<br />BASE VALUE INEORNIATION
<br /> Total Original Tax
<br />PID Value Capac'ry
<br />06-29-22-31.0049 1,558,000 79,475
<br />06-29-22-23-0026 701,900 1,274
<br />06-29-22-32-0012 866,300 10,829
<br />06-29-22-32-0019 766.200 9 mR
<br />Estimate aRer conversion 2,692,400 33,655 Estimate Only
<br />Total Original Market Value 2,692,400 33,655
<br />Class Rate: Homestead >$500,000 7.2500% Pay 04
<br />Homestead <$500,000 1.0000% Pay 04
<br />Apartment 1.2500% Pay 04
<br />Apartment 4(d) 1.2500% Pay 04
<br />Commercial >$150,000 2.0000% Pay 04
<br />Commercial <$150,000 1.5000% Pay 04
<br />Original Tax Capacity (when use is changetl); 33,655 Pay 2004
<br />PROJECT VALUE INEORD4ATION
<br />Type of Tax Increment District: Housing
<br />Type Of
<br />Pro'ect Phase Units or
<br />esf. MV Per
<br />DniUS! Total Market
<br />Value Total Tax
<br />Ca aci Taxes'/
<br />Unitls./. Year
<br />onslruct Year
<br />Pa able
<br />Common Bond Existing
<br />Common Bohd 1
<br />Sherman I
<br />Retail I
<br />35
<br />78
<br />14,000
<br />55,000
<br />85,000
<br />135 1,558,000
<br />1,925,000
<br />6,630,000
<br />1,890,000
<br />24,063
<br />82,875
<br />37,050
<br />695.35
<br />1,074.63
<br />2.68
<br />2003
<br />2003
<br />2003
<br />2005
<br />2005
<br />2005
<br />Total 14,113 12,003,000 143,988
<br />Retail 14,000 1,890,000 37,050
<br />Rental 113 10,113,000 106,938
<br />
<br />SUMMARY
<br />iota) Annual Taxes' 145,632
<br />Total Annual Tax Increment ARer Admin. 99,931 After all phases complete
<br />'NOf Including statewitle property taxes, mantel value levy rates and fiscal dispar0ies area wide rate, which will Increase faxes from esfmates above
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