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Projected Tax Increment Report
<br />City of Little Canada, Minnesota
<br />Tax Increment Financing (Economic Development) District
<br />Owassa Warehouse based on $80 per SF value
<br />Preliminary Revenue Projections: 74,500 SF Warehouse Facility
<br />Less:Less:Retained Times:Less:Less:P.V.
<br />Annual Total Total Original Fiscal Captured Tax Annual State Aud.Subtotal Admin.Annual Annual Estimated
<br />Period Market Net Tax Net Tax Disp. @ Net Tax Capacity Gross Tax Deduction Net Tax Retainage Net Net Rev. To Annual
<br />Ending Value (1)Capacity (2)Capacity (3)34.2585%Capacity Rate (4)Increment 0.360%Increment 10.00%Revenue 02/01/22 Property
<br />(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)4.00%Taxes
<br />12/31/22 469,200 9,384 9,384 0 0 111.931%0 0 0 0 0 0
<br />12/31/23 469,200 9,384 9,384 0 0 111.931%0 0 0 0 0 0
<br />12/31/24 6,429,200 127,834 9,384 40,579 77,871 111.931%87,162 314 86,848 8,685 78,163 69,714 159,345
<br />12/31/25 6,622,076 131,692 9,384 41,901 80,407 111.931%90,000 324 89,676 8,968 80,708 69,215 164,151
<br />12/31/26 6,820,738 135,665 9,384 43,262 83,019 111.931%92,924 335 92,589 9,259 83,330 68,715 169,101
<br />12/31/27 7,025,360 139,757 9,384 44,664 85,709 111.931%95,935 345 95,590 9,559 86,031 68,214 174,199
<br />12/31/28 7,236,121 143,972 9,384 46,108 88,480 111.931%99,037 357 98,680 9,868 88,812 67,711 179,450
<br />12/31/29 7,453,205 148,314 9,384 47,595 91,335 111.931%102,232 368 101,864 10,186 91,678 67,208 184,859
<br />12/31/30 7,676,801 152,786 9,384 49,127 94,275 111.931%105,523 380 105,143 10,514 94,629 66,703 190,430
<br />12/31/31 7,907,105 157,392 9,384 50,705 97,303 111.931%108,912 392 108,520 10,852 97,668 66,197 196,168
<br />12/31/32 8,144,318 162,136 9,384 52,331 100,422 111.931%112,403 405 111,998 11,200 100,798 65,691 202,078
<br />$894,128 $3,220 $890,908 $89,091 $801,817 $609,368 $1,641,138
<br />(1) Total estimated market value based on $80/SF
<br /> preliminary and subject to further review. Includes 3% annual market value inflator
<br />(2) Total net tax capacity based on commercial-industrial class rate of 1.5% first $150,000 value and 2% value above $150,000
<br />(3) Original net tax capacity based on 2020/2021 existing property value
<br />(4) Total local combined tax rate available for taxes payable 2021
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