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<br />Projected Tax Increment Report
<br />City of Little Canada, Minnesota
<br />Tax Increment Financing (Economic Development) District
<br />Owassa Warehouse based on $90 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 7,174,200 142,734 9,384 45,684 87,666 111.931%98,126 353 97,773 9,777 87,996 78,484 177,907
<br />12/31/25 7,389,426 147,039 9,384 47,158 90,496 111.931%101,293 365 100,928 10,093 90,835 77,900 183,270
<br />12/31/26 7,611,109 151,472 9,384 48,677 93,411 111.931%104,556 376 104,180 10,418 93,762 77,318 188,793
<br />12/31/27 7,839,442 156,039 9,384 50,242 96,413 111.931%107,916 388 107,528 10,753 96,775 76,733 194,482
<br />12/31/28 8,074,625 160,743 9,384 51,853 99,505 111.931%111,377 401 110,976 11,098 99,878 76,148 200,341
<br />12/31/29 8,316,864 165,587 9,384 53,513 102,690 111.931%114,942 414 114,528 11,453 103,075 75,562 206,377
<br />12/31/30 8,566,370 170,577 9,384 55,222 105,971 111.931%118,614 427 118,187 11,819 106,368 74,977 212,593
<br />12/31/31 8,823,361 175,717 9,384 56,983 109,350 111.931%122,396 441 121,955 12,196 109,759 74,392 218,996
<br />12/31/32 9,088,062 181,011 9,384 58,797 112,830 111.931%126,292 455 125,837 12,584 113,253 73,808 225,591
<br />$1,005,512 $3,620 $1,001,892 $100,191 $901,701 $685,322 $1,829,710
<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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