|
71312003
<br />Page 1 of 2
<br />EHLERS
<br />District No. 2 -2
<br />City of Little Canada
<br />57,000 Si. Facility immediate and Future Phase
<br />1 -+ +:': T.I.F. CASH FLOW ASSUMPTIONS
<br />District New Renovation and Renewal District
<br />County District 9
<br />Inflation Rale - Every _Years 0.0000%
<br />Pay'As.You.Go Interest Rate: 5, 5000%
<br />Note Issued Dale (Present Value Dale)'. 01- Aug -03
<br />Local Tax Rate - Frozen 113.56500. Estimated 03
<br />Fiscal Disparities Election (A - outside or B Inside) 6
<br />Year District was certified Pay 2004
<br />Assumes First Tax Increment For District 2005
<br />Years 01 Tax Increment 16
<br />Assumes Last Year of Tax Increment 2020
<br />Fiscal Disparities Ratio
<br />Fiscal Disparities Metro Wide Tax Rate
<br />Local Tax Rate - Current
<br />51ate 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 Rale
<br />Resitlenlal CDs - Under 5500,000
<br />Over 6500.000
<br />33.4267% Pay2003
<br />132.8850% Pay2003
<br />113.5650% Estimate
<br />54.4470% Pay2003
<br />0.1796% Estimate
<br />1.5% -20% Pay 2003
<br />1.50%
<br />2.00%
<br />1.25% Pay 2004
<br />1.00%
<br />1.25%
<br />PID
<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 />31.30.22 -34 -0005 3004 Cowry 0.0
<br />1.301.800 1,498,400
<br />2,800,000 1.55-20%
<br />55,250 1.55-205 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 />Use
<br />Total Market Value Taxes Per
<br />Total Market
<br />Sq. Ft. /Units Sq. Ft./Units Sq. Ft. /Units Taxes Value
<br />Class
<br />Rate
<br />New
<br />Tax Capac
<br />New Office
<br />57,000 7000 52.55 145,084 3,990,000 1.500205 79,050
<br />2 Future Phase 100.000 70.00 52.56 255,520 7,000.000 1.55 -2.05 139,250
<br />Year Date
<br />Constructed Payable
<br />2003 2005
<br />2004 2006
<br />TOTAL
<br />157,000
<br />400,604 10.990.000
<br />218,300
<br />Note:
<br />1. Tax estimates are high -ond estimates
<br />Nato:
<br />1. Assumes Fiscal Disparili05 is paid from inside. ibe dtslriot
<br />Propared by Eldon
<br />Net raptured by TIF
<br />Waal
<br />';TAXCALCUATIONS
<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 />Stalowide
<br />Property
<br />Tax Rate
<br />Local
<br />Taxes
<br />Fiscal
<br />Disparities
<br />Taxes
<br />81atobwide
<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 />210,300
<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 />19,236
<br />400,604
<br />Nato:
<br />1. Assumes Fiscal Disparili05 is paid from inside. ibe dtslriot
<br />Propared by Eldon
<br />Net raptured by TIF
<br />Waal
<br />
|