|
6/912003
<br />Page 1 of 2
<br />ENLERS
<br />District No. 2 -2
<br />City of Little Canada
<br />57.000 s.f. Facility Immediate and Future Phase
<br />District New Renovation and Renewal District
<br />County Districtk
<br />Inflation Rate - Every _ Years 0.0000%
<br />Pay- Ae'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 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°4 Pay 2003
<br />Fiscal Disparities Metro Wide Tax Rate 132.8850% Pay 2003
<br />Local Tax Rate - Current 113.5650% Estimate
<br />State Wide Property Tax Rale (Used for total taxes) 54,4470% Pay 2003
<br />Market Value Tax Rate (used for total lazes) 0.1796% Estimate
<br />Commercial Industrial Class Rate 1.5%2.0% Pay 2003
<br />First 150,000 150%
<br />Over 150,000 200%
<br />Rental Class Rate 125% Pay 2004
<br />Residen4al CDs - Under 5500,000 1.00%
<br />Over 5500,000 1.25%
<br />BASE VALUE INFORMATION.',;....
<br />Class Rate After
<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- 22-34.0005320100501n mne 1,301,600 1498.400 2,800,000 1.5 % -2.0% 55,250 15 % -2.0% 55.250 2004
<br />Totals
<br />1,301,600 1.498,400 2,800,000
<br />55.250
<br />55,250
<br />PROJECT INFORMATION'.,
<br />Phase
<br />Use
<br />Total Market Value Taxes Per
<br />Sq. FI.IUnits Sq. RJUnits Sq. Ft. /Units
<br />2
<br />New Office
<br />Future Phase
<br />57.000
<br />100,000
<br />70.00
<br />$2.55
<br />70.00 52.56
<br />T0ta1 Market Class New Year Date
<br />Taxes Value Rate Tax Capacity Constructed Payable
<br />145,084 3,990,000 1.5 % -2.0% 79,050 2003 2005
<br />255,520 7,000,000 15% -2.0% 139,250 2004 2006
<br />TOTAL
<br />Note:
<br />1. Tax estimates are high -end estimates
<br />157,000
<br />400,604 10,990,000
<br />218,300
<br />Note.
<br />0. Assumes Fiscal Disparities is paid from inside the district
<br />t /+
<br />Nat captured by TIF
<br />Prepared by Ehlers plant
<br />...
<br />::, 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 />Oisparilies
<br />Taxes
<br />Statewide
<br />Property
<br />Taxes
<br />Market
<br />Value
<br />Taxes
<br />Total
<br />Taxes
<br />New Office
<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 />118,858
<br />19,136
<br />400,604
<br />Note.
<br />0. Assumes Fiscal Disparities is paid from inside the district
<br />t /+
<br />Nat captured by TIF
<br />Prepared by Ehlers plant
<br />
|