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Exhibit ///
<br />Projected Tax Increment 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 />Annual
<br />Period
<br />Ending
<br />1
<br />Total
<br />Market
<br />Value (' )
<br />2
<br />Total
<br />Net Tax
<br />Capacity (2)
<br />3
<br />Less:
<br />Original
<br />Net Tax
<br />Capacity (3)
<br />4
<br />Retained
<br />Captured
<br />Net Tax
<br />Capacity
<br />(5)
<br />Times:
<br />Tax
<br />Capacity
<br />Rate (4)
<br />6
<br />Annual
<br />Gross Tax
<br />Increment
<br />(7)
<br />Less:
<br />State Aud.
<br />Deduction
<br />0.360%
<br />8
<br />Subtotal
<br />Net Tax
<br />Increment
<br />(9)
<br />Less:
<br />City
<br />Retainage
<br />5.00%
<br />(10)
<br />Annual
<br />Net
<br />Revenue
<br />11
<br />P.V.
<br />Annual
<br />Net Rev. To
<br />02/01/20
<br />5.00%
<br />12/31/19
<br />908,400
<br />11,355
<br />11,355
<br />0
<br />117.574%
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />12/31/20
<br />908,400
<br />11,355
<br />11,355
<br />0
<br />117.574%
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />12/31/21
<br />908,400
<br />11,355
<br />11,355
<br />0
<br />117.574%
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />12/31/22
<br />28,991,000
<br />362,388
<br />11,355
<br />351,033
<br />117.574%
<br />412,723
<br />1,486
<br />411,237
<br />20,562
<br />390,675
<br />337,480
<br />12/31/23
<br />28,991,000
<br />362,388
<br />11,355
<br />351,033
<br />117.574%
<br />412,723
<br />1,486
<br />411,237
<br />20,562
<br />390,675
<br />321,409
<br />12/31/24
<br />28,991,000
<br />362,388
<br />11,355
<br />351,033
<br />117.574%
<br />412,723
<br />1,486
<br />411,237
<br />20,562
<br />390,675
<br />306,104
<br />12/31/25
<br />28,991,000
<br />362,388
<br />11,355
<br />351,033
<br />117.574%
<br />412,723
<br />1,486
<br />411,237
<br />20,562
<br />390,675
<br />291,528
<br />12/31/26
<br />28,991,000
<br />362,388
<br />11,355
<br />351,033
<br />117.574%
<br />412,723
<br />1,486
<br />411,237
<br />20,562
<br />390,675
<br />277,645
<br />12/31/27
<br />28,991,000
<br />362,388
<br />11,355
<br />351,033
<br />117.574%
<br />412,723
<br />1,486
<br />411,237
<br />20,562
<br />390,675
<br />264,424
<br />12/31/28
<br />28,991,000
<br />362,388
<br />11,355
<br />351,033
<br />117.574%
<br />412,723
<br />1,486
<br />411,237
<br />20,562
<br />390,675
<br />251,833
<br />12/31/29
<br />28,991,000
<br />362,388
<br />11,355
<br />351,033
<br />117.574%
<br />412,723
<br />1,486
<br />411,237
<br />20,562
<br />390,675
<br />239,841
<br />12/31/30
<br />28,991,000
<br />362,388
<br />11,355
<br />351,033
<br />117.574%
<br />412,723
<br />1,486
<br />411,237
<br />20,562
<br />390,675
<br />228,420
<br />$3,714,507
<br />$13,374
<br />$3,701,133
<br />$185,058
<br />$3,516,075
<br />$2,518,684
<br />* City has the election to opt delay receipt of first increment up to 4 years from approval date. Further discussions regarding first year collection
<br />Total estimated market value based on information provided by County Assessor, subject to further review
<br />very preliminary and subject to further review. Includes 0% annual market value inflator
<br />(2) Total net tax capacity based on residential rental class rate of 1.25%
<br />(3) Original net tax capacity based on portion of existing land value for 1 parcel to be included in development
<br />(4) Total local tax capacity rate for taxes payable 2019
<br />BAKER TILLY Page 14
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