03-28-2018 Planning Commission Packet

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IMPACT ON TAX BASE Estimated 2017/Pay 2018 Total Net Tax Capacity Estimated Captured Tax Capacity (CTC) Upon Completion Percent of CTC to Entity Total Ramsey County 496,357,455 350,320 0.0706% City of Little Canada 10,493,052 350,320 3.3386% Roseville Area ISD No. 623 63,035,064 350,320 0.5558% IMPACT ON TAX RATES Estimated Pay 2018 Extension Rates Percent of Total CTC Potential Taxes Ramsey County 0.536920 48.03% 350,320 188,094 City of Little Canada 0.266510 23.84% 350,320 93,364 Roseville Area ISD No. 623 0.212920 19.05% 350,320 74,590 Other 0.101480 9.08%350,320 35,550 Total 1.117830 100.00%391,598 The estimates listed above display the captured tax capacity when all construction is completed. The tax rate used for calculations is the estimated Pay 2018 rate. The total net capacity for the entities listed above are based on estimated Pay 2018 figures. The District will be certified under the actual Pay 2018 rates, which were unavailable at the time this TIF Plan was prepared. Pursuant to M.S. Section 469.175 Subd. 2(b): (1) Estimate of total tax increment. It is estimated that the total amount of tax increment that will be generated over the life of the District is $7,245,391; (2) Probable impact of the District on city provided services and ability to issue debt. An impact of the District on police protection is not expected. The City currently contracts with the Ramsey County Sheriff’s Office for police services. With any addition of new residents or businesses, police calls for service may be increased. New developments may add an increase in traffic, and additional overall demands to the call load. The City does not expect that the proposed development, in and of itself, will necessitate new capital investment or require that the City expand its contract with Ramsey County. The probable impact of the District on fire protection is not expected to be significant. Typically new buildings generate few calls, if any, and are of superior construction. The impact of the District on public infrastructure is expected to be minimal. The development is not expected to significantly impact any traffic movements in the area. The current infrastructure for sanitary sewer, storm sewer and water will be able to handle the additional volume generated from the proposed development. Based on the development plans, there are no additional costs associated City of Little Canada Tax Increment Financing Plan for Tax Increment Financing District No. 7-1 1-9