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Exhibit 11 <br />Assumptions Report <br />City of Lino Lakes, Minnesota <br />Tax Increment Financing (Economic Development) District No. 1-14 <br />Clearwater Creek Business Park Project <br />Draft TIF Plan Exhibits: 451,000 SF 3 Bldgs valued at $70/SF <br />Type of Tax Increment Financing District Economic Development <br />Maximum Duration of TIF District 8 years from 1st increment <br />Projected Certification Request Date 01/07/23 <br />Decertification Date 12/31/33 (9 Years of Increment) <br />2022/2023 <br />Base Estimated Market Value * $699,300 <br />PID: 24-31-22-31-0004 <br />24-31-22-24-0009 <br />24-31-22-24-0008 <br />24-31-22-24-0002 <br />Original Net Tax Capacity $13,986 <br />Assessment/Collection Year <br />2023/2024 <br />2024/2025 <br />2025/2026 <br />2026/2027 <br />Base Estimated Market Value <br />$699,300 <br />$699,300 <br />$699,300 <br />$699,300 <br />Increase in Estimated Market Value <br />0 <br />18,116,700 <br />29,637,020 <br />31,853,746 <br />Total Estimated Market Value <br />699,300 <br />18,816,000 <br />30,336,320 <br />32,553,046 <br />Total Net Tax Capacity <br />$13,986 <br />$375,570 <br />$605,976 <br />$650,311 <br />City of Lino Lakes 40.154% <br />Anoka County 29.605% <br />ISD # 12 31.074% <br />Other (61 - 36012B) 4.273% <br />Local Tax Capacity Rate 105.106% Payable 2022 <br />Frozen Tax Capacity Rate 105.106% <br />Fiscal Disparities Contribution From TIF District 42.1968% <br />Administrative Retainage Percent (maximum = 10%) 5.00% <br />Pooling Percent 0.00% <br />Bonds <br />Bonds Dated NA <br />Bond Issue @ 0.00% (NIC) NA <br />Eligible Project Costs NA <br />Present Value Date & Rate 08/01/23 <br />I /AI-1- <br />Note Dated 08/01/23 <br />Note Rate 4.00% <br />Note Amount $3,300,000 <br />4.00% Net PV Amour 2,691,987 <br />Notes <br />* Base market values for parcels within district. Tax capacity calculated at 1.5%/2% class rate. <br />Assume property will be classified as commercial/industrial upon project completion. <br />Projections assume no future changes to class rates or tax rates, <br />and include 2% annual market value inflator fntcomplete <br />in 2024 <br />Development includes construction Comm nci <br />