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Exhibit III SPRINGSTED Page 17 Projected Tax Increment Report City of Lino Lakes, MinnesotaTax Increment Financing (Economic Development) District No. 1-12Clearwater Creek Business Park ProjectDraft TIF Plan Exhibits: Based on EMV of $18.2M - Construct 2016-2017Less: Less: Retained Times: Less: Annual Less: Less:Annual Total Total Original Fiscal Captured Tax Annual State Aud. Revenue Admin. Pooling AnnualPeriod Market Net Tax Net Tax Disp. @ Net Tax Capacity Gross Tax Deduction Net of Retainage Retainage NetEnding Value * Capacity Capacity ** 37.5890% Capacity Rate *** Increment 0.360% OSA Deduction 5.00% 15.00% Revenue(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)12/31/16 333,000 5,910 5,910 0 0 127.744% 0 0 0 0 0 012/31/17 333,000 5,910 5,910 0 0 127.744% 0 0 0 0 0 012/31/18 9,100,000 181,250 5,910 65,909 109,431 127.744% 139,792 503 139,289 6,964 20,893 111,43212/31/19 18,382,000 366,890 5,910 135,689 225,291 127.744% 287,796 1,036 286,760 14,338 43,014 229,40812/31/20 18,749,640 374,243 5,910 138,453 229,880 127.744% 293,658 1,057 292,601 14,630 43,890 234,08112/31/21 19,124,633 381,743 5,910 141,272 234,561 127.744% 299,637 1,079 298,558 14,928 44,784 238,84612/31/22 19,507,125 389,393 5,910 144,147 239,336 127.744% 305,737 1,101 304,636 15,232 45,695 243,70912/31/23 19,897,268 397,195 5,910 147,080 244,205 127.744% 311,958 1,123 310,835 15,542 46,625 248,66812/31/24 20,295,213 405,154 5,910 150,072 249,172 127.744% 318,303 1,146 317,157 15,858 47,574 253,72512/31/25 20,701,118 413,272 5,910 153,123 254,239 127.744% 324,776 1,169 323,607 16,180 48,541 258,88612/31/26 21,115,140 421,553 5,910 156,236 259,407 127.744% 331,377 1,193 330,184 16,509 49,528 264,147$2,613,034 $9,407 $2,603,627 $130,181 $390,544 $2,082,902* Total Market Value based on new estimated land and building value of $18,200,000 (preliminary and subject to change)** Original net tax capacity based on existing taxable land value of five properties and calculated based on reclassification to commercial-industrial class rates*** Total Combined Local Tax Capacity Rate of City, County, School District and other taxing jurisdictions for payable 2016
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