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Projected Tax Increment Report
<br />City of Lino Lakes, Minnesota
<br />Tax Increment Financing (Economic Development) District No. 1-12
<br />Clearwater Creek Business Park Project
<br />TIF Plan Exhibits: Based on EMV of $18.2M - Construct 2016-2017
<br />Annual
<br />Period
<br />Ending
<br />(1)
<br />Total
<br />Market
<br />Value *
<br />(2)
<br />Total
<br />Net Tax
<br />Capacity
<br />(3)
<br />Less:
<br />Original
<br />Net Tax
<br />Capacity **
<br />(4)
<br />Less:
<br />Fiscal
<br />Disp. @
<br />37.5890%
<br />(5)
<br />Retained
<br />Captured
<br />Net Tax
<br />Capacity
<br />(6)
<br />Times:
<br />Tax
<br />Capacity
<br />Rate ***
<br />(7)
<br />12/31/16
<br />333,000
<br />5,910
<br />5,910
<br />0
<br />0
<br />127.744%
<br />12/31/17
<br />333,000
<br />5,910
<br />5,910
<br />0
<br />0
<br />127.744%
<br />12/31/18
<br />9,100,000
<br />181,250
<br />5,910
<br />65,909
<br />109,431
<br />127.744%
<br />12/31/19
<br />18,382,000
<br />366,890
<br />5,910
<br />135,689
<br />225,291
<br />127.744%
<br />12/31/20
<br />18,749,640
<br />374,243
<br />5,910
<br />138,453
<br />229,880
<br />127.744%
<br />12/31/21
<br />19,124,633
<br />381,743
<br />5,910
<br />141,272
<br />234,561
<br />127.744%
<br />12/31/22
<br />19,507,125
<br />389,393
<br />5,910
<br />144,147
<br />239,336
<br />127.744%
<br />12/31/23
<br />19,897,268
<br />397,195
<br />5,910
<br />147,080
<br />244,205
<br />127.744%
<br />12/31/24
<br />20,295,213
<br />405,154
<br />5,910
<br />150,072
<br />249,172
<br />127.744%
<br />12/31/25
<br />20,701,118
<br />413,272
<br />5,910
<br />153,123
<br />254,239
<br />127.744%
<br />12/31/26
<br />21,115,140
<br />421,553
<br />5,910
<br />156,236
<br />259,407
<br />127.744%
<br />Exhibit ///
<br />Annual
<br />Gross Tax
<br />Increment
<br />8
<br />Less:
<br />State Aud.
<br />Deduction
<br />0.360%
<br />9
<br />Annual
<br />Revenue
<br />Net of
<br />OSA Deductior
<br />10
<br />Less: Less:
<br />Admin. Pooling
<br />Retainage Retainage
<br />5.00% 15.00%
<br />11 12
<br />Annual
<br />Net
<br />Revenue
<br />13
<br />0
<br />0
<br />0
<br />0 0
<br />0
<br />0
<br />0
<br />0
<br />0 0
<br />0
<br />139,792
<br />503
<br />139,289
<br />6,964 20,893
<br />111,432
<br />287,796
<br />1,036
<br />286,760
<br />14,338 43,014
<br />229,408
<br />293,658
<br />1,057
<br />292,601
<br />14,630 43,890
<br />234,081
<br />299,637
<br />1,079
<br />298,558
<br />14,928 44,784
<br />238,846
<br />305,737
<br />1,101
<br />304,636
<br />15,232 45,695
<br />243,709
<br />311,958
<br />1,123
<br />310,835
<br />15,542 46,625
<br />248,668
<br />318,303
<br />1,146
<br />317,157
<br />15,858 47,574
<br />253,725
<br />324,776
<br />1,169
<br />323,607
<br />16,180 48,541
<br />258,886
<br />331,3771
<br />1,1931
<br />330,1841
<br />16,509 49,5281
<br />264,147
<br />$2,613,034
<br />1 $9,407
<br />1 $2,603,627
<br />$130,181 $390,544
<br />$2,082,902
<br />* Total Market Value based on newestimated land and building value of $18,200,000 (preliminary and subject to change)
<br />** Original net tax capacity based on existing taxable land value of five properties and calculated based on reclassification to commercial -industrial class rates
<br />*** Total Combined Local Tax Capacity Rate of City, County, School District and other taxing jurisdictions for payable 2016
<br />SPRINGSTED Page 17
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