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IMPACT ON TAX CAPACITY RATES <br />Payable 1990 Tax Potential <br />Entity Capacity Rates Taxes <br />Ramsey County 30.493% $23,151 <br />City of Little Canada 18.152% 13,781 <br />I.S.D. No. 623 & 56.941% 43,230 <br />S.I.S.D. No. 916 <br />Other* 7.655% 5,812 <br />Total: <br />113.241% $85,974 <br />*Other includes Metropolitan Mosquito Control District, Ramsey County <br />Library, Metropolitan Council, Regional Transit Commission, Metro <br />Watershed and Light Rail Authority. <br />Subsection 2.15. Cash Flow Assumptions and Analysis. <br />A. Future Net Tax. Capacity. The estimated future net tax <br />capacity of Tax Increment Financing District No. 2 -1 at <br />final completion, as determined by the County Assessor is <br />$91,593, payable 1992. <br />B. Recent Net Tax Capacity. The County Assessor's records <br />show the recent net tax capacity of Tax Increment <br />Financing District No. 2 -1 to be $15,672 for taxes in <br />1989 and payable in 1990. <br />C. Net Tax Capacity Rate. The net tax capacity rate is <br />113.241 %. This is the original tax capacity rate for the <br />life of the district. <br />D. Tax Increment. When all of the proposed development is <br />completed and generating tax increment, the full tax <br />increment will be $91,593, assuming a static net tax <br />capacity rate and a valuation increased by zero (0) <br />percent compounded annually. <br />E. Projected Timing. The payment of the first full tax <br />increment from Tax Increment Financing District No. 2 -1 <br />will be received in 1992. <br />F. Capital Expenditures. Capital expenditures are a summary <br />of the items associated with the public costs set forth <br />in Subsection 2.8 and are to be financed from the <br />proceeds of the Bonds and/or tax increment receipts. <br />2 -6 <br />Page 30 <br />