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Exhibit III BAKER TILLY Page 14 Projected Tax Increment ReportCity of Lino Lakes, MinnesotaTax Increment Financing (Housing) District No. 1-13Lyngblomsten Site: Senior Care CampusDraft TIF Plan Exhibits: Updated Revenue Projections with $28,991,000 new valueLess: Retained Times: Less: Less: P.V.Annual Total Total Original Captured Tax Annual State Aud. Subtotal CityAnnual AnnualPeriod Market Net Tax Net Tax Net Tax Capacity Gross Tax Deduction Net Tax Retainage Net Net Rev. ToEnding Value (1)Capacity (2)Capacity (3)Capacity Rate (4)Increment 0.360% Increment 5.00% Revenue 02/01/20(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) 5.00%12/31/19 908,400 11,355 11,355 0 117.574% 0 0 0 0 0 012/31/20 908,400 11,355 11,355 0 117.574% 0 0 0 0 0 012/31/21 908,400 11,355 11,355 0 117.574% 0 0 0 0 0 012/31/22 28,991,000 362,388 11,355 351,033 117.574% 412,723 1,486 411,237 20,562 390,675 * 337,48012/31/23 28,991,000 362,388 11,355 351,033 117.574% 412,723 1,486 411,237 20,562 390,675 321,40912/31/24 28,991,000 362,388 11,355 351,033 117.574% 412,723 1,486 411,237 20,562 390,675 306,10412/31/25 28,991,000 362,388 11,355 351,033 117.574% 412,723 1,486 411,237 20,562 390,675 291,52812/31/26 28,991,000 362,388 11,355 351,033 117.574% 412,723 1,486 411,237 20,562 390,675 277,64512/31/27 28,991,000 362,388 11,355 351,033 117.574% 412,723 1,486 411,237 20,562 390,675 264,42412/31/28 28,991,000 362,388 11,355 351,033 117.574% 412,723 1,486 411,237 20,562 390,675 251,83312/31/29 28,991,000 362,388 11,355 351,033 117.574% 412,723 1,486 411,237 20,562 390,675 239,84112/31/30 28,991,000 362,388 11,355 351,033 117.574% 412,723 1,486 411,237 20,562 390,675 228,420$3,714,507 $13,374 $3,701,133 $185,058 $3,516,075 $2,518,684* City has the election to opt delay receipt of first increment up to 4 years from approval date. Further discussions regarding first year collection(1) Total estimated market value based on information provided by County Assessor, subject to further review very preliminary and subject to further review. Includes 0% annual market value inflator(2) Total net tax capacity based on residential rental class rate of 1.25% (3) Original net tax capacity based on portion of existing land value for 1 parcel to be included in development (4) Total local tax capacity rate for taxes payable 2019
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