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Exhibit 11 Assumptions Report City of Lino Lakes, Minnesota Tax Increment Financing (Economic Development) District No. 1-14 Clearwater Creek Business Park Project Draft TIF Plan Exhibits: 451,000 SF 3 Bldgs valued at $70/SF Type of Tax Increment Financing District Economic Development Maximum Duration of TIF District 8 years from 1 st increment Projected Certification Request Date Decertification Date Base Estimated Market Value' PID: 24-31-22-31-0004 24-31-22-24-0009 24-31-22-24-0008 24-31-22-24-0002 Original Net Tax Capacity Base Estimated Market Value Increase in Estimated Market Value Total Estimated Market Value Total Net Tax Capacity 01 /07/23 12/31/33 (9 Years of Increment) 2022/2023 $699,300 $13, 986 2023/2024 Assessment/Collection Year 2024/2025 2025/2026 2026/2027 $699,300 0 $699,300 18,116,700 $699,300 29,637,020 $699,300 31,853,746 699,300 18,816,000 30,336,320 32,553,046 $13,986 $375,570 $605,976 $650,311 City of Lino Lakes 40.154% Anoka County 29.605% ISD # 12 31.074% Other (61 - 36012B) 4.273% Local Tax Capacity Rate 105.106% Payable 2022 Anticipated Frozen Tax Capacity Rate 105.106% Fiscal Disparities Contribution From TIF District 42.1968% Administrative Retainage Percent (maximum = 10%) 5.00% Pooling Percent 0.00% Present Value Date & Rate 08/01/23 4.00% Net Amount to Developer 2,900,000 Notes Base market values for parcels within district. Tax capacity calculated at 1.5%/2% class rate. Assume property will be classified as commercial/industrial upon project completion. Projections assume no future changes to class rates or tax rates, and include 2% annual market value inflator. Development includes construction commencing in 2023 and complete in 2024