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Exhibit II <br />Baker Tilly Municipal Advisors, LLC Page 15 <br /> <br />Assumptions Report <br />City of Little Canada, Minnesota <br />Tax Increment Financing (Housing) District No. 7-4 <br />Proposed Rice and Demont Housing Project <br />Draft TIF Plan Exhibits based on 160-unit Housing Development with Taxable Value of $36,000,000 <br />Type of Tax Increment Financing District Housing <br />Maximum Duration of TIF District 25 years from 1st increment <br />Assume 1st Increment is 2027 <br />Projected Certification Request Date 06/30/25 <br />Decertification Date 12/31/52 (26 Years of Increment) <br />2023/2024 <br />Base Estimated Market Value* 1,527,400 <br />* Values provided by County website <br />Estiamted Original Net Tax Capacity - 3,819 <br /> after reclassification to commercial-industrial <br />Assessment/Collection Year <br />2025/2026 2026/2027 2027/2028 2028/2029 <br />Base Estimated Market Value $1,527,400 $1,527,400 $1,527,400 $1,527,400 <br />Estimated Increase in Value - New Construction 0 16,325,708 34,178,816 34,892,940 <br />Total Estimated Market Value 1,527,400 17,853,108 35,706,216 36,420,340 <br />Total Net Tax Capacity $3,819 $44,633 $89,266 $91,051 <br />Payable 2024 <br />City of Little Canada 24.829% <br />Ramsey County 45.455% <br />ISD #623 25.030% <br />Other 10.009% <br />Local Tax Capacity Rate 105.323% <br />Estimated Frozen Tax Capacity Rate 105.323% <br />2026/2027 <br />Fiscal Disparities Contribution From TIF District NA <br />Administrative Retainage Percent (maximum = 10%) 10.00% <br />Pooling Percent 0.00% <br />Bonds Projected PayGO Note <br />Bonds Dated NA Loan Dated 12/01/25 <br />Bond Issue @ 0.00% (NIC) NA Loan Rate 6.00% <br />Eligible Project Costs NA Loan Amount $1,000,000 <br />Present Value Date & Rate 12/01/25 6.00% PV Amount $1,152,105 <br />Notes <br />Assumes no changes to future class rates and tax rates <br />Includes 2% annual market value inflator to allow for future growth <br />Total taxable value based on developer information for new development