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<br />EHL,ErRS
<br />District Council 82 Office /Training Facility
<br />City of Little Canada
<br />57,000 s,f. Facility
<br />District New Renovation and Renewal District
<br />County District #
<br />Inflation Rate • Every Year 2.5000%
<br />Pay- As- You-Go Interest Rate: 5.5000%
<br />Note Issued Date (Present Value Dale): 01•Aug -03
<br />Local Tax Rate - Frozen 103.1450% Estimated 03
<br />Fiscal Disparities Election (A - outside or B inside) B
<br />Year District was certified Pay 2004
<br />Assumes First Tax Increment For District 2005
<br />Years of Tax Increment 16
<br />Assumes Last Year of Tax Increment 2020
<br />Fiscal Disparities Ratio 33.4267% Pay 2003
<br />Fiscal Disparities Metro Wide Tax Rale 132,8850% Pay 2003
<br />Local Tax Rate - Current 103.1450% Estimate
<br />Slate Wide Properly Tax Rate (Used for total taxes 54.4470% Pay 2003
<br />Market Value Tax Rale (used for total taxes) 0.2079% Estimate
<br />Commercial Industrial Class Rate 1.5% -2.0% Pay 2003
<br />First 150,000 150%
<br />Over 150,000 2.00%
<br />Rental Class Rate 1,25% Pay 2004
<br />Residental Cla • Under $500,000 1.00%
<br />Over 5500,000 1.25%
<br />43.406;VALUE.INFORMATIONto,tdetests2277,1saOhacasetsisIpiitacCsnesSittetscauSttoss.stiiturcspontwascs
<br />PIO
<br />Class Rate After
<br />Land Building Total Class Original After Conversion Date
<br />Address Market Value Market Value Market Value Rate Tax Capacity Conversion Tax Capacity Payable
<br />Pail of 31- 30 -22 -34 -0005 2201 Cornuy was
<br />330,910 100,000 430,910 1.5 %Q.0% 7,868 1.5 % -2.0% 7,860 2004
<br />Totals
<br />330,910 100,000 430,910
<br />7,868
<br />7,868
<br />PROJECfINFORMAT!ON "i .. .,.
<br />Phase
<br />Use
<br />Totat Market Value Taxes Per
<br />Total Market Class New Year Date
<br />Sq. FLIUnIls Sq. Ft/Units Sq. Ft. /Units Taxes Value Rate Tax Capacity Constructed Payable
<br />Office
<br />Other
<br />32,000 86.00 83.02 06,676 2,752,000 1.5%2.0% 54,290 2003 2005
<br />25,000 50.00 51,78 44,482 1,250,000 2,00% 25,000 2003 2005
<br />TOTAL
<br />57,000
<br />141,158 4,002,000
<br />79,290
<br />Note:
<br />1, Tax estimates are based upon developer's estimates • need to be confirmed
<br />3*i ,..... .� ,.
<br />N
<br />,• .
<br />4,--'
<br />"TAJC'CAECULATIONS `n4
<br />•Market
<br />„r „ --„
<br />Use
<br />Total
<br />Tax
<br />Capacity
<br />Local
<br />Tax
<br />Capacity
<br />FlSeal
<br />Disparities
<br />Tax Capacity
<br />Local
<br />Tax
<br />Rate
<br />Fiscal
<br />Disparities
<br />Tax Rate
<br />Slate•wlde
<br />Property
<br />Tax Rale
<br />Local
<br />Taxes
<br />Fiscal
<br />Disparities
<br />Taxes
<br />Stale•wide
<br />Property
<br />Taxes
<br />Value
<br />Taxes
<br />Total
<br />Taxes
<br />Office
<br />Other
<br />54,290
<br />25,000
<br />36,143
<br />16,643
<br />18,147
<br />8,357
<br />1.03145
<br />1.03145
<br />1.32885
<br />1.32885
<br />0.54447
<br />0.54447
<br />37,279
<br />17,167
<br />24,115
<br />11,105
<br />29,559
<br />13,612
<br />5,722
<br />2,599
<br />96,676
<br />44,482
<br />TOTAL
<br />79,290
<br />52,786
<br />26,504
<br />1.03145
<br />1.32885
<br />0.54447
<br />54,446
<br />35,220
<br />43,171
<br />8,321
<br />141,158
<br />Note:
<br />1. Assumes FI cal Disparities Is paid from Inside the district
<br />t �f
<br />Not raptured by TIF
<br />Proposed by Ehlers run higher my and Inflation.els
<br />
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