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7(3)2003
<br />Paget of 2
<br />EHL,ERS
<br />District No. 2-2
<br />City of Little Canada
<br />57,000 s.f. Facility Immediate and Future Phase
<br />_a. T.I.F. CASH FLOW ASSUMPTIONS -:.f
<br />District Now Renovation and Renewal District
<br />County District U
<br />Inflation Rale - Every _ Years 0.000055
<br />Pay -As- You -Go Interest Rate: 5.5000%
<br />Note Issued Date (Present Value Date): 01- Aug -03
<br />Local Tax Rate - Frozen 113.5650% Estimated 03
<br />Fiscal DispaNles Electron (A - outside or S inside) 6
<br />Year District was cedfied 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 Oisparrlres Ratio
<br />Fiscal Oispod0es Metro Wide Tax Rate
<br />Local Tax Rale - Current
<br />Slate Wide Property Tax Rale (used for total taxes)
<br />Market Value Tax Rate (used for total taxes)
<br />Commercial Industrial Class Rate
<br />First 150.000
<br />Over 150,000
<br />Rental Class Rate
<br />Resitlenial Etas - Under0500.000
<br />Over 5500,000
<br />33.4267% Pay 2003
<br />132.8850% Pay2003
<br />113.5650% Estimate
<br />54,4470% Pay2003
<br />0.1796% Estimate
<br />1.5 %4.0% Pay 2003
<br />1.5055
<br />2.00%
<br />1.2555 Pay2004
<br />1.00°5
<br />1.25%
<br />Class Rata After
<br />Land Building Total Class Original After Conversion Date
<br />Address Market Value Market Value Market Vaive Rate Tax Capacity Conversion Tax Capacity Payable
<br />31.30- 22-34-0005 srosco m,y m"ro
<br />PIP
<br />1,301,600 1,498,400 2,000.000 1.5%-2,0%
<br />55.250 1.5 % -2.0% 55,250 2004
<br />Totals
<br />1,301,600 1,498,400
<br />2,800,000
<br />55,250
<br />55,250
<br />Phase
<br />Total Market Value Taxes Per
<br />Use Sq. FtlUnits Sq. Ft./Units Sq. Ft /Units
<br />New Office
<br />Future Phase
<br />57,000
<br />100,000
<br />70.00
<br />5255
<br />70.00 52.56
<br />Total Market Class New Year Date
<br />Taxes Value Rate Tax Capacity Constructed Payable
<br />145,084 3,990,000 1,5 55-2.055 79,050
<br />255.520 7.000.000 1,554 -2055 139,250
<br />2003
<br />2004
<br />2005
<br />2006
<br />TOTAL
<br />157,000
<br />400,604 10,990,000
<br />218,300
<br />Note:
<br />1. Ta
<br />bi9h-
<br />Note:
<br />1. Assumes Fi Col Disparities Is pa
<br />ide the district
<br />Proparotl by Eelors
<br />Net captured by TIP ,/♦
<br />plant
<br />iTAX CALCULATIONS
<br />Use
<br />Total
<br />Tax
<br />Capacity
<br />Local
<br />Tax
<br />Capacity
<br />Fiscal
<br />Disparities
<br />Tax Capacity
<br />LOCI
<br />Tax
<br />Rate
<br />Fiscal
<br />Disparities
<br />Tax Rate
<br />Statewide
<br />Property
<br />Tax Rate
<br />Local
<br />Taxes
<br />Fiscal
<br />Disparities
<br />Taxes
<br />Stato.wlde
<br />Property
<br />Taxes
<br />Market
<br />Value
<br />Taxes
<br />Total
<br />Taxes
<br />New OHIoo
<br />Future Phase
<br />79,050
<br />139.250
<br />52,626
<br />92,703
<br />26,424
<br />46,547
<br />1.13565
<br />1.13565
<br />1.32885
<br />1.32885
<br />0.54447
<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 />116,958
<br />19,736
<br />400,604
<br />Note:
<br />1. Assumes Fi Col Disparities Is pa
<br />ide the district
<br />Proparotl by Eelors
<br />Net captured by TIP ,/♦
<br />plant
<br />
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