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• <br />• <br />• <br />Exhibit 11 <br />Assumptions Report <br />City of Lino Lakes, Minnesota <br />Tax Increment Financing (Economic Development) District No. 1 -10 <br />Panattoni Project <br />Scenario B - Prelim. TIF Projections - FD contribution from within District <br />Type of Tax Increment Financing District <br />Maximum Duration of TIF District <br />Projected Certification Request Date <br />Decertification Date <br />Base Estimated Market Value (1) <br />Times: First $150,000 <br />Excess <br />Original Net Tax Capacity <br />Base Estimated Market Value <br />Increase in Estimated Market Value (2) <br />Total Estimated Market Value <br />Times: First $150,0 <br />Excess <br />Total Net Tax Capaci <br />1.50% <br />2.00% <br />Economic Development <br />8 years from 1st increment <br />08/31/03 <br />12/31/1 <br />2003/ <br />ears of Increment) <br />5,000 <br />2,250 <br />14,700 <br />nt/Collection Year <br />200 <br />2005/2006 <br />$16, <br />2,250 <br />14,700 <br />$16,950 <br />City of Lino Lakes 47.603% <br />Anoka Coun� LL °` 37.714% <br />ISD #•12 a „m 37.467% <br />Otc. '';.. 7.050% <br />Capacity Rate <br />$885,000 <br />9,663,000 <br />"$10,548,000 <br />2,250 <br />207,960 <br />2006/2007 <br />$885,000 <br />11,463, 000 <br />$12,348,000 <br />2,250 <br />243,960 <br />$210,210 $246,210 <br />129.834% 2002/2003 <br />Fiscal Di §+ i s Contribution FrdthTIF District 32.3301% <br />Administrati r .inage Percent 4 aximum = 10 %) 5.00% <br />Pooling Perceri ; 0.00% <br />Bonds <br />Bonds Dated NA <br />Bond Issue @ 0.00% (NIC) $1,785,000 <br />Eligible Project Costs $1,637,425 <br />Present Value Date & Rate <br />Note (Pay -As- You -Go) <br />Note Dated 08/31/03 <br />Note Rate 5.00% <br />Note Amount $1,582,500 <br />08/31/03 8.00% <br />Notes <br />(1) Pay 2003 base values of 3 parcels provided by City and County. 2 parcels will be removed from TIF District 1 -9. <br />(2) Estimated completed values provided by City. Projects completed in phases between 2004 -07 for Pay 2006 -09. <br />Panattoni bldg complete in 2004, Outlot A bldg in 2005, Outlot B bldg in 2006 and Outlot C bldg in 2007. <br />SPRINGSTED <br />Page 18 <br />