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Functional Analysis
<br />March 21, 2002
<br />Page 12
<br />Attachment A
<br />Preliminary Funding Capacity
<br />Rice Street Crossing - Preferred Concept
<br />Estimated Market Value Tax Capacity
<br />Area Development Units /SF Per Unit/SF Amount Class Rates Ampunt
<br />SW Apartments 113 100,000 11.300,000 1,80% 203,400
<br />Townhouses 12 150,000 1,800.000 1.00% 18.000
<br />Retail 33,000 85 2.805.000 1.50% 2,00% 55,350
<br />Office 116,000 100 11,600000 1.50% 2,00% 231,250
<br />Total Tax Capacity
<br />Est. Base Value
<br />Estimated Captured
<br />Estimated Increment
<br />Supportable Costs
<br />508,000
<br />- 79.000
<br />429,000
<br />116.00% 497,640
<br />15 6.00% 4,833.204
<br />20 6.50% 5.483,250
<br />25 7.00% 5,799,289
<br />Est. Abatement Levy 85.00% 431,800
<br />Supportable Costs 15 6.00% 4,193,749
<br />SE Apartments 0 100,000 0 1.80% 0
<br />Townhouses 0 150,000 0 1.00% 0
<br />Retail 24,000 85 2,040000 1.50% 2.00% 40,050
<br />Office 57,000 100 5,700,000 150% 2.00% 113,250
<br />Total Tax Capacity 153,300
<br />Est. Base Value - 13.000
<br />Estimated Captured 140,300
<br />Estimated Increment 116.00% 162,748
<br />Supportable Costs 15 6.00% 1,580.649
<br />20 6.50% 1,793,240
<br />25 7.00% 1.896,597
<br />Est. Abatement Levy 85.00% 130,305
<br />Supportable Costs 15 6.00% 1,265,555
<br />NE Apartments 85 120,000 10,200,000 1.80% 183,600
<br />Townhouses 22 250,000 5,500,000 1.00% 55,000
<br />Retail 5,000 85 425,000 1.50% 2.00% 7 .750
<br />Office 20,000 100 2,000,000 1.50% 2.00% 39.250
<br />Total Tax Capacity 285,600
<br />Est. Base Value - 28.000
<br />Estimated Captured 257,600
<br />Estimated Increment 111.00% 285.936
<br />Supportable Costs 15 6.00% 2,777,082
<br />20 6.50% 3,150,588
<br />25 7.00% 3,332,179
<br />Est. Abatement Levy 82.00% 234,192
<br />Supportable Costs 15 6.00% 2.274.531
<br />NW Apartments 61 120,000 7.320,000 1.80% 131.760
<br />Townhouses 0 250,000 0 1.00% 0
<br />Retail 0 85 0 1.50% 2.00% 0
<br />Office 14.500 100 1.450,000 1.50% 2.00% 28,250
<br />Total Tax Capacity
<br />Est. Base Value
<br />Estimated Captured
<br />160,010
<br />- 32.000
<br />128.010
<br />Estimated Increment 111.00% 142,091
<br />Supportable Costs 15 6.00% 1,380,024
<br />20 6.50% 1,565,632
<br />25 700% 1,655,870
<br />Est. Abatement Levy 85.00% 136,009
<br />Supportable Costs 15 6.00% 1,320,948
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