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<br />Projected Tax Increment Report
<br />City of Little Canada, Minnesota
<br />Tax Increment Financing (Housing) District
<br />Proposed Senior Housing Development by Lupe
<br />Preliminary TIF revenues based on 106-unit Housing Development with Taxable Value of $21,200,000
<br />Less:Retained Times:Less:Less:
<br />Annual Total Total Original Captured Tax Annual State Aud.Subtotal Admin.Annual
<br />Period Market Net Tax Net Tax Net Tax Capacity Gross Tax Deduction Net Tax Retainage Net
<br />Ending Value (1)Capacity (2)Capacity (3)Capacity Rate (4)Increment 0.360%Increment 10.00%Revenue
<br />(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)
<br />12/31/26 264,100 660 660 0 113.444%0 0 0 0 0
<br />12/31/27 264,100 660 660 0 113.444%0 0 0 0 0
<br />12/31/28 264,100 660 660 0 113.444%0 0 0 0 0
<br />12/31/29 21,200,000 53,000 660 52,340 113.444%59,376 214 59,162 5,916 53,246
<br />12/31/30 21,624,000 54,060 660 53,400 113.444%60,579 218 60,361 6,036 54,325
<br />12/31/31 22,056,480 55,141 660 54,481 113.444%61,806 223 61,583 6,158 55,425
<br />12/31/32 22,497,610 56,244 660 55,584 113.444%63,057 227 62,830 6,283 56,547
<br />12/31/33 22,947,562 57,369 660 56,709 113.444%64,333 232 64,101 6,410 57,691
<br />12/31/34 23,406,513 58,516 660 57,856 113.444%65,634 236 65,398 6,540 58,858
<br />12/31/35 23,874,643 59,687 660 59,026 113.444%66,962 241 66,721 6,672 60,049
<br />12/31/36 24,352,136 60,880 660 60,220 113.444%68,316 246 68,070 6,807 61,263
<br />12/31/37 24,839,179 62,098 660 61,438 113.444%69,698 251 69,447 6,945 62,502
<br />12/31/38 25,335,962 63,340 660 62,680 113.444%71,106 256 70,850 7,085 63,765
<br />12/31/39 25,842,682 64,607 660 63,946 113.444%72,544 261 72,283 7,228 65,055
<br />12/31/40 26,359,535 65,899 660 65,239 113.444%74,009 266 73,743 7,374 66,369
<br />12/31/41 26,886,726 67,217 660 66,557 113.444%75,505 272 75,233 7,523 67,710
<br />12/31/42 27,424,461 68,561 660 67,901 113.444%77,030 277 76,753 7,675 69,078
<br />12/31/43 27,972,950 69,932 660 69,272 113.444%78,585 283 78,302 7,830 70,472
<br />12/31/44 28,532,409 71,331 660 70,671 113.444%80,172 289 79,883 7,988 71,895
<br />12/31/45 29,103,057 72,758 660 72,097 113.444%81,790 294 81,496 8,150 73,346
<br />12/31/46 29,685,118 74,213 660 73,553 113.444%83,441 300 83,141 8,314 74,827
<br />$1,273,943 $4,586 $1,269,357 $126,934 $1,142,423
<br />(1) Total estimated market value based on information provided by City
<br /> preliminary and subject to further review. Includes 2% annual market value inflator
<br />(2) Total net tax capacity based on residential rental low-income 4d rate with a class rate of .25%
<br />(3) Original net tax capacity based on 2024/2025 property value - with reclassification to residential rental low-income rental (4d)
<br />(4) Total local combined tax rate available for taxes payable 2025
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