03-14-2013 Planning Agenda - Laserfiche WebLink

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(AS MODIFIED APRIL 10, 2013) The charts below include the captured tax capacity for the original and modified area of the District. IMPACT ON TAX BASE Ramsey County City of Little Canada Roseville Area ISD No. 623 Est. 2012 /Pay 2013 Total Net Tax Capacity 368,309,196 7,641,319 49,885,685 Estimated Captured Tax Capacity (CTC) Upon Completion 100,524 100,524 100,524 Percent of CTC to Entity Total 0.0273% 1.3155% 0.2015% IMPACT ON TAX RATES - ORIGINAL PARCELS Ramsey County City of Little Canada Roseville Area ISD No. 623 Other Total Pay 2010 Extension Rates 0.502480 0.233887 0.130653 0.088170 0.955190 Percent Potential of Total CTC Taxes 52.61% 68,000 34,169 24.49% 68,000 15,904 13.68% 68,000 8,884 9.23% 68,000 5,996 100.00% 64,953 IMPACT ON TAX RATES - DISTRICT EXPANSION Est. Pay 2013 Percent Potential Extension Rates of Total CTC Taxes Ramsey County 0.651440 53.08% 32,524 21,187 City of Little Canada 0.308550 25.14% 32,524 10,035 Roseville Area ISD No. 623 0.153930 12.54% 32,524 5,006 Other 0.113400 9.24% 32,524 3,688 Total 1.227320 100.00% 39,917 The estimates listed above display the captured tax capacity when all construction is completed. The tax rate used for calculations of the original parcels in the District is the actual Pay 2010 rate. The tax rate used for calculations of the expanded portion of the District is the estimated Pay 2013 rate, since Final Pay 2013 rates are not yet available. The total net capacity for the entities listed above are based on estimated Pay 2013 figures. (1) It is estimated that the total amount of tax increment that will be generated over the life of the District is 52,080,000; City of Little Canada Fax Increment Financing Plan for Tax Increment Financing District No. 6 -I 2 -15