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A P R- 2 - 9 2 IA E D 1 0 : S7 0 <br />P . 0 <br />,$tatement Nom 2; Notwithstanding the fact that the fiscal impact <br />on the other taxing jurisdictions is $0 due to the fact that the <br />financing would not have occurred without the assistance of the <br />City, the estimated impact of Tax increment Financing bistrict No. <br />4 would be as follows; <br />See Attached Exhibit D <br />$ ubsection 1.15, Cash Flow Assumptions and Analysis <br />A. Future Net Tax _Capacity. The estimated future net tax <br />capacity of Tax Increment Financing District No. 4 at final <br />completion, as determined by the County Assessor is $331,200, <br />payable 1995. <br />B. Recent Net Tax Capacity. The County Assessor's records show <br />the recent net tax capacity of Tax Increment Financing <br />District No. 4 to be $3,234 for taxes in 1989 and payable in <br />1990. <br />C. Net Tax Capacity Rate. The next tax capacity rate is <br />113.241%. This is the original tax capacity rate for the life <br />of the district. <br />D. Tax Increment. When all of the proposed development is <br />completed and generating tax increment, the full tax increment <br />will be $375,000, assuming a static net tax capacity rate and <br />a valuation increased by zero (0) percent compounded annually. <br />E. ,Projected Timing. The payment of the first full tax increment <br />from Tax Increment Financing District No. 4 will be received <br />in 1995. <br />F. Capital Expenditures, Capital expenditures are a summary of <br />the items associated with the public costs set forth in <br />Subsection 1.8 and are to be financed from the proceeds of the <br />bonds and /or tax increment receipts. <br />Page 4 <br />