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P10 8 05- 29 -22 -22 -0001 EXHIBIT 8 <br />Project Description: 12,8005g. Ft. <br />Office Warehouse IMPACT ON TAXING JURISDICTION <br />DEVELOPMENT IN THE TAX INCREMENT FINANCING DISTRICT N0. <br />BY <br />GARDNER BROS. - HERITAGE DEVELOPMENT: <br />Before After <br />1987 -88 <br />Total % of Total <br />Taxable increased Assessed Value <br />Assessed Base Assessed Assessed Available For <br />Jurisdiction Valuation Valuation % of Total Valuation % of Total Normal Growth <br />City of Little <br />Canada 64,366,307 73,100 .113 169,600 .263 99.73 <br />School District <br />8623 462,706,094 73,100 .016 169,600 .036 99.96 <br />Ramsey County 3,506,710,633 73,100 .002 169,600 .004 ' 99.99 <br />MILL RATE IMPACT <br />20,600 ANNUAL TAX INCREMENT <br />Distribution of <br />Tax Tax Increment <br />1987 -88 % of Total Increment To Individual Mill Rate ** <br />Jurisdiction Mill Rate Mill Rate Revenue Jurisdiction Impact of TIF <br />City of Little <br />Canada 19.081 15.7 20,600 3,234 .050 <br />School District <br />---- - - - - -- <br />#623 61.295 50.5 20,600 10,400 .022 <br />Ramsey County 33.730 27.8 20,600 5,727 .001 <br />Miscellaneous • 7.321 6.0 Assessed <br />Value <br />TOTAL 121.427 100.0 Before 73,100 <br />After 242,700 <br />** Assumes development would have occurred without assistance being sought. Increase 169 660 <br />% Increase 32% <br />Page 52 <br />Tax <br />8,876 <br />29,476 <br />20,600 <br />