Laserfiche WebLink
Exhibit 11 <br />Assumptions Report <br />City of Lino Lakes, Minnesota <br />Tax Increment Financing (Housing) District No. 1-13 <br />Lyngblomsten Site: Senior Care Campus <br />Draft TIF Plan Exhibits: Updated Revenue Projections with $28,991,000 new value <br />Type of Tax Increment Financing District Housing <br />Maximum Duration of TIF District 25 years from 1st increment <br />Projected Certification Request Date <br />Decertification Date <br />Base Estimated Market Value <br />Original Net Tax Capacity <br />12/30/19 <br />12/31/30 (9 Years of Increment) <br />$9U8,4UU <br />$11,355 <br />Assessment/Collection Year <br />2019/2020 2020/2021 2021 /2022 2022/2023 <br />Base Estimated Market Value <br />$908,400 <br />$908,400 <br />$908,400 <br />$908,400 <br />Estimated Increase in Value - New Construction <br />0 <br />0 <br />28,082,600 <br />28,082,600 <br />Total Estimated Market Value <br />908,400 <br />908,400 <br />28,991,000 <br />28,991,000 <br />Total Net Tax Capacity <br />$11,355 <br />$11,355 <br />$362,388 <br />$362,388 <br />City of Lino Lakes <br />41.817% <br />Anoka County <br />34.473% <br />Centennial SD #12 <br />35.984% <br />Other <br />5.300% <br />Local Tax Capacity Rate <br />117.5740% 2018/2019 <br />Fiscal Disparities Contribution From TIF District <br />0.0000% <br />Administrative Retainage Percent (maximum = 10%) <br />5.00% <br />Pooling Percent <br />0.00% <br />Present Value Date & Rate 02/01/20 5.00% PV Amount $2,726,536 <br />Notes <br />Projections assume no future changes to classification rates and current tax rates remain constant. <br />Projections are based on final pay 2019 rates. <br />Projections assume project 100% completed in 2020 <br />Projections assume no market value inflation. <br />BAKER TILLY Page 13 <br />