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Sherman/Common Bond Developments - District 3-3
<br />City of Little Canada
<br />T.I.F. CASH FLOW ASSUMPTIONS
<br />Inflation Rate on market value only -tax rate increases are not captured)
<br />Interest Rate
<br />Local Tax Rate
<br />Fiscal Disparities Contribution Ratio
<br />Fiscal Disparities Contribution Ratio - Area Wide
<br />Amount of increment will vary depending upon market value, tax rates, class rates,
<br />construction schedule, and inflation on market value. Inflation on tax rates
<br />cannot be captured.
<br />0.0000%
<br />6.500% Please verity
<br />1,011420 Pay 2002
<br />Outside District
<br />Outside District
<br />BASE VALUE INFORMATION
<br />Total Original Tax
<br />PID Value Capacity
<br />06- 29 -22 -31 -0040 1,558,000 19,475
<br />06- 29 -22 -23 -0026 101,000 1,274
<br />06- 29 -22 -32 -0012 866,300 10,829
<br />06- 29 -22 -32 -0019 166,200 2.078
<br />Estimate after conversion 2,692.400 33,655 Estimate Only
<br />Total Original Market Value 2.692,400 33.655
<br />Class Rate:
<br />Homestead >3500,000
<br />Homestead <$500,000
<br />Apartment
<br />Apartment 4(d)
<br />Commercial >3150,000
<br />Commercial <3150,000
<br />Original Tax Capacity (when use is changed):
<br />PROJECT VALUE INP'ORMA'1'ION
<br />1.2500% Pay 04
<br />1.0000% Pay 04
<br />1 2500% Pay 04
<br />1.2500% Pay 04
<br />2.0000% Pay 04
<br />1.5000% Pay 04
<br />33,655 Pay 2004
<br />Type of Tax Increment District:
<br />blousing
<br />Type Of
<br />Project
<br />Phase
<br />Unite or
<br />r.af.
<br />MV Per
<br />UniIaf.
<br />Total Market
<br />Value
<br />Total Tax
<br />Capacity
<br />Taxes " / Year
<br />Unit/sf. onstructi
<br />Year
<br />Payable
<br />Common Bond
<br />Existing
<br />1,558,000
<br />Common Bond
<br />1
<br />35
<br />55,000
<br />1,925,000
<br />24,063
<br />695.35
<br />2003
<br />2005
<br />Sherman
<br />1
<br />78
<br />85,000
<br />6,630,000
<br />82,875
<br />1,074.63
<br />2003
<br />2005
<br />Retail
<br />1
<br />14,000
<br />135
<br />1,890,000
<br />37,050
<br />2.68
<br />2003
<br />2005
<br />Total
<br />14.113
<br />12.003,000
<br />143,988
<br />Retail
<br />14.000
<br />1,890,000
<br />37,050
<br />Rental
<br />113
<br />10,113,000
<br />106,938
<br />SUMMARY
<br />Total Annual Taxes'
<br />Totat Annual Tax Increment After Admin.
<br />145,632
<br />99.931 After all phases complete
<br />'Not Including statewide property taxes, market value levy rates and fiscal disparilies area wide rate, which will increase taxes from estimates above
<br />
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