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<br />
<br />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:Less: Retained Times:Less:Annual Less:Less:
<br />Annual Total Total Original Fiscal Captured Tax Annual State Aud. Revenue Admin.Pooling Annual
<br />Period Market Net Tax Net Tax Disp. @ Net Tax Capacity Gross Tax Deduction Net of Retainage Retainage Net
<br />Ending Value *Capacity Capacity **42.1968%Capacity Rate ***Increment 0.360%OSA Deduction 5.00%0.00% Revenue
<br />(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)(13)
<br />12/31/23 699,300 13,986 13,986 0 0 105.106%0 0 0 0 0 0
<br />12/31/24 699,300 13,986 13,986 0 0 105.106%0 0 0 0 0 0
<br />12/31/25 18,816,000 375,570 13,986 152,577 209,007 105.106% 219,679 791 218,888 10,944 0 207,944
<br />12/31/26 30,336,320 605,976 13,986 249,801 342,189 105.106% 359,662 1,295 358,367 17,918 0 340,449
<br />12/31/27 32,553,046 650,311 13,986 268,509 367,816 105.106% 386,597 1,392 385,205 19,260 0 365,945
<br />12/31/28 33,204,107 663,332 13,986 274,003 375,343 105.106% 394,508 1,420 393,088 19,654 0 373,434
<br />12/31/29 33,868,189 676,614 13,986 279,608 383,020 105.106% 402,577 1,449 401,128 20,056 0 381,072
<br />12/31/30 34,545,553 690,161 13,986 285,324 390,851 105.106% 410,808 1,479 409,329 20,466 0 388,863
<br />12/31/31 35,236,464 703,979 13,986 291,155 398,838 105.106% 419,203 1,509 417,694 20,885 0 396,809
<br />12/31/32 35,941,194 718,074 13,986 297,103 406,985 105.106% 427,766 1,540 426,226 21,311 0 404,915
<br />12/31/33 36,660,017 732,450 13,986 303,169 415,295 105.106% 436,500 1,571 434,929 21,746 0 413,183
<br />$3,457,300 $12,446 $3,444,854 $172,240 $0 $3,272,614
<br />* Total Taxable Value based on new estimated land and building value of $70/square foot for 451,000 square feet between 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
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