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Subsection 1.11. Estimated Recent Net Tax Capacity, Future <br />Net Tax Capacity and Captured Net Tax Capacity. The most recent <br />net tax capacity (the original net tax capacity) of Tax Increment <br />Financing District No. 4 is estimated to be $3,234. The <br />estimated highest future net tax capacity is estimated to be <br />$327,140, the estimated captured net tax capacity is estimated to <br />be $323,906. <br />Subsection 1.12. Type of Tax Increment Financing District. <br />Tax Increment Financing District No. 4 is, pursuant to Minnesota <br />Statutes, Section 469.174, Subd. 12, an economic development <br />district because it will discourage commerce, industry or <br />manufacturing from moving their operations to another state or it <br />will result in increased employment in the municipality, or it <br />will result in preservation and enhancement of the tax base of <br />the municipality. <br />Subsection 1.13. Duration of Tax Increment Financing <br />District No. 4. The duration of Tax Increment Financing District <br />No. 4 is expected to be 8 years from the receipt of the first tax <br />increments or 10 years from the approval of the tax increment <br />financing plan, whichever is less. The first tax increment is <br />expected to be received in 1992. <br />Subsection 1.14. Estimated Impact on Other Taxing <br />Jurisdictions. <br />Statement No. 1: The estimated impact on other taxing juris- <br />dictions assumes construction would have occurred without the <br />creation of Tax Increment Financing District No. 4. If the <br />construction is a result of tax increment financing, the impact <br />is $0 to other entities. <br />Statement No. 2: Notwithstanding <br />on the other taxing jurisdictions <br />financing would not have occurred <br />City, the estimated impact of Tax <br />No. 4 would be as follows: <br />Entity <br />the fact that the fiscal impact <br />is $0 due to the fact that the <br />without the assistance of the <br />Increment Financing District <br />IMPACT ON TAX BASE <br />% of <br />Captured <br />Recent Future Captured Net Tax <br />(Payable 90) Net Tax Net Tax Net Tax Capacity <br />Tax Base Capacity Capacity Capacity To Entity <br />Ramsey County $380,940,360 $3,234 $327,140 $323,906 <br />City of <br />Little Canada $ 7,617,883 $3,234 $327,140 $323,906 <br />ISD No. 623 $ 52,063,819 $3,234 $327,140 $323,906' <br />SISD No. 916 $308,974,076 $3,234 $327,140 $323,906 <br />1556 <br />1 -6 <br />Pane QF <br />.085% <br />4.252% <br />.622% <br />.105% <br />