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6/9/2003
<br />Page 1 oft
<br />EHLERS
<br />District No. 2 -2
<br />City of Little Canada
<br />57,000 s.f. Facility Immediate and Future Phase
<br />T.I.F. CASH FLOW ASSUMPTIONS
<br />District New Renovation and Renewal District
<br />County District a
<br />Inflation Rate - Every _ Years 0.0000%
<br />Pay-As-You-Go Interest Rate: 5.5000%
<br />Note Issued Dale (Present Value Date): 01- Aug-03
<br />Local Tax Rate - Frozen 113.5650% Estimated 03
<br />Fiscal Disparities Election (A - outside or B inside) 6
<br />Year District was cedillas! Pay 2004
<br />Assumes First Tax Increment For Dislnct 2005
<br />Years of Tax Increment 16
<br />Assumes Last Year of Tax Increment 2020
<br />Fiscal Dispenties Ratio 33.4257% Pay 2003
<br />Fiscal Disparities Metro Wide Tax Rate 132.88509/s Pay 2003
<br />Local Tax Rate - Current 113.5650% Estimate
<br />Stale Wide Property Tax Rate Used for total taxes) 54.4470% Pay 2003
<br />Markel Value Tax Rate (used for total faxes) 0.1796 % Estimate
<br />Commercial Industeal Class Rate
<br />First 150,000
<br />Over 150,000
<br />Rental Class Rate
<br />Residental Ctas Under 5500,000
<br />Over 6500.000
<br />1.5 % -2.0% Pay 2003
<br />1.50
<br />2.00%
<br />1.25% Pay2004
<br />1.00%
<br />1.25%
<br />SASE VALUE INFORMATION
<br />Class Rate Alter
<br />Land Building Total Class Original After Conversion Date
<br />PID Address Market Value Market Value Market Value Rate Tax Capacity Conversion Tax Capacity Payable
<br />31-30-22,34-0005 3203 Cowry cu 1.301,600 1498.400 2,800,000 1.514-2.014 55,250 15 14.2.014 55,250 2004
<br />Totals
<br />1,301,600 1,498,400 2,800,000
<br />55,250
<br />55,250
<br />Total Market Value Taxes Per
<br />Total Market Class New Year Date
<br />Phase Use Sq. Ft. /Units Sq. Ft. /Units Sq. Ft. /Units Taxes Value Rate Tax Capacity Constructed Payable
<br />1 New Office 57000 70.00 52.55 145,084 3,990,000 1.510 -2.014 79,050 2003 2005
<br />2 Future Phase 100,000 70.00 62.55 255.520 7,000,000 1.5 14-2.014 139,250 2004 2006
<br />TOTAL
<br />157 000
<br />Note:
<br />1. Tax estimates are high -end estimates
<br />400,604 10,990,000
<br />218,300
<br />Note:
<br />1. Assumes Fi cal Disparities is paid from inside the district
<br />t
<br />Not captured by TIF
<br />Prepared by Ehlers plant
<br />r ,TAX CALCULATIONS ` :;
<br />Use
<br />Total
<br />Tax
<br />Capacity
<br />Local
<br />Tax
<br />Capacity
<br />Fiscal
<br />Disparities
<br />Tax Capacity
<br />Local
<br />Tax
<br />Rate
<br />Fiscal
<br />Disparities
<br />Tax Rate
<br />State-wide
<br />Property
<br />Tax Rate
<br />Local
<br />Taxes
<br />Fiscal
<br />Disparities
<br />Taxes
<br />State-wide
<br />Property
<br />Taxes
<br />Market
<br />Value
<br />Taxes
<br />Total
<br />Taxes
<br />New Office
<br />Future Phase
<br />79,050
<br />130,250
<br />52,626
<br />92,703
<br />26,424
<br />46,547
<br />1.13565
<br />1.13565
<br />1.32885
<br />1.32685
<br />059447
<br />0.54447
<br />59,765
<br />105,279
<br />35,113
<br />61,854
<br />43,040
<br />75,817
<br />7,165
<br />12,571
<br />145,084
<br />255.520
<br />TOTAL
<br />218,300
<br />145,330
<br />72,970
<br />1.13565
<br />1.32885
<br />0.54447
<br />165,043
<br />96,967
<br />118,858
<br />19.136
<br />400.604
<br />Note:
<br />1. Assumes Fi cal Disparities is paid from inside the district
<br />t
<br />Not captured by TIF
<br />Prepared by Ehlers plant
<br />
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