|
Projected Tax Increment 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 />Less:
<br />Less:
<br />Retained
<br />Times:
<br />Annual
<br />Total
<br />Total
<br />Original
<br />Fiscal
<br />Captured
<br />Tax
<br />Period
<br />Market
<br />Net Tax
<br />Net Tax
<br />Disp. @
<br />Net Tax
<br />Capacity
<br />Ending
<br />Value *
<br />Capacity
<br />Capacity **
<br />42.1968%
<br />Capacity
<br />Rate ***
<br />(1)
<br />(2)
<br />(3)
<br />(4)
<br />(5)
<br />(6)
<br />(7)
<br />12/31/23
<br />699,300
<br />13,986
<br />13,986
<br />0
<br />0
<br />105.106%
<br />12/31/24
<br />699,300
<br />13,986
<br />13,986
<br />0
<br />0
<br />105.106%
<br />12/31/25
<br />18,816,000
<br />375,570
<br />13,986
<br />152,577
<br />209,007
<br />105.106%
<br />12/31/26
<br />30,336,320
<br />605,976
<br />13,986
<br />249,801
<br />342,189
<br />105.106%
<br />12/31/27
<br />32,553,046
<br />650,311
<br />13,986
<br />268,509
<br />367,816
<br />105.106%
<br />12/31/28
<br />33,204,107
<br />663,332
<br />13,986
<br />274,003
<br />375,343
<br />105.106%
<br />12/31/29
<br />33,868,189
<br />676,614
<br />13,986
<br />279,608
<br />383,020
<br />105.106%
<br />12/31/30
<br />34,545,553
<br />690,161
<br />13,986
<br />285,324
<br />390,851
<br />105.106%
<br />12/31/31
<br />35,236,464
<br />703,979
<br />13,986
<br />291,155
<br />398,838
<br />105.106%
<br />12/31/32
<br />35,941,194
<br />718,074
<br />13,986
<br />297,103
<br />406,985
<br />105.106%
<br />12/31/33
<br />36,660,017
<br />732,450
<br />13,986
<br />303,169
<br />415,295
<br />105.106%
<br />Exhibit 111
<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% 0.00%
<br />11 12
<br />Annual
<br />Net
<br />Revenue
<br />13
<br />P.V.
<br />Admin.
<br />Retainage
<br />08/01/23
<br />4.00%
<br />0
<br />0
<br />0
<br />0 0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0 0
<br />0
<br />0
<br />219,679
<br />791
<br />218,888
<br />10,944 0
<br />207,944
<br />10,052
<br />359,662
<br />1,295
<br />358,367
<br />17,918 0
<br />340,449
<br />15,825
<br />386,597
<br />1,392
<br />385,205
<br />19,260 0
<br />365,945
<br />16,356
<br />394,508
<br />1,420
<br />393,088
<br />19,654 0
<br />373,434
<br />16,049
<br />402,577
<br />1,449
<br />401,128
<br />20,056 0
<br />381,072
<br />15,747
<br />410,808
<br />1,479
<br />409,329
<br />20,466 0
<br />388,863
<br />15,451
<br />419,203
<br />1,509
<br />417,694
<br />20,885 0
<br />396,809
<br />15,161
<br />427,766
<br />1,540
<br />426,226
<br />21,311 0
<br />404,915
<br />14,875
<br />436,500
<br />1,571
<br />434,929
<br />21,746 0
<br />413,183
<br />14,595
<br />$3,457,300
<br />$12,446
<br />$3,444,854
<br />$172,240 $0
<br />$3,272,614
<br />$134,111
<br />* Total Taxable Value based on newestimated land and building value of $70/square foot for 451,000 square feet betzeen all buildings
<br />** Original net tax capacity based on existing taxable land value of one property 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 taxes payable 2022
<br />
|