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<br />Exhibit 11
<br />Projected Tax Increment Report
<br />City of Lino Lakes, Minnesota
<br />Tax Increment Financing (Economic Development) District No. 1 -10
<br />TIF Cash Flow Projections - with extended terms from 2014 -2023
<br />TIF Plan Modification Exhibits: Projections based on 2011 and 2012 value estimates
<br />Less: Less: Retained Times:
<br />Annual Current Total Original Fiscal Captured Tax
<br />Period Market Net Tax Net Tax Disp. @ Net Tax Capacity
<br />Ending Value Capacity Capacity 44.6833% Capacity Rate*
<br />(1) (2) (3) (4) (5) (6) (7)
<br />Annual
<br />Gross Tax
<br />Increment
<br />(8)
<br />Less: Less:
<br />State Aud. Subtotal Admin.
<br />Deduction Annual Retainage
<br />0.360% Tax Increment 1.00%
<br />(9) (10) (11)
<br />Annual
<br />Net
<br />Revenue
<br />(12)
<br />12/31/07
<br />12/31/11 13,893,500 274,870 15,869 115,730 143,272 120.530%
<br />12/31/12 13,758,000 272,160 15,869 114,519 141,773 120.530%
<br />12/31/13 13,758,000 272,160 15,869 114,519 141,773 120.530%
<br />1 2/31/14 14,033,160 277,663 15,869 116,979 144,816 1 120.5530%
<br />12/31/15 14,313,823 ' 283,276 15,869 119,487 147,921 120.530%
<br />12/31/16 14,600,100 289,002 15,869 122,045 151,088 120,630%
<br />12/31/17 14,892,102 294,842 15,86€1 124,655 154,319 120.530"/%
<br />12/31/18 15,189,944 300,799 15,869 127,316 157,614 120.530%
<br />12/31/19 15,493,743 306,875 15,869 130,031 160,975 120.530%
<br />12/31/20 15,1103,617 313,072 15,869 132,800 164,404 120.530%
<br />12/31/21 16,119690 319,394 15,869 135,625 167,900 120,530%
<br />12/31/22 16,43422,084 325,842 15,869 138,506 171,467 120.530%
<br />12/31 /23 16, 70 925 3322,419 15 869 141,445 175,105
<br />** special legislation extension period will commence
<br />Frozen Tax Rafe in effect for taxes payable 2011 and beyond
<br />2010/2011 Tax Rate
<br />172,685
<br />170,878
<br />170,878
<br />622 172,063 1,721
<br />615 170,263 1,703
<br />615 170,263 1,703
<br />170,342
<br />168,560
<br />168,560
<br />2.00%
<br />Annual market
<br />value inflator
<br />120.530%
<br />174,546
<br />178,289
<br />182,107
<br />186,000
<br />189,973
<br />194,024
<br />198,156
<br />202,370
<br />206,669
<br />211,054
<br />628! 173,918
<br />642': 177,647
<br />656} 181,451
<br />670' 185,330
<br />684 189,289
<br />698 193,326
<br />713 197,443
<br />729 201,641
<br />744 205,925
<br />760 210,294
<br />918''
<br />$2,437,629
<br />120.530%
<br />131.966%
<br />$8,776
<br />$2,428,853
<br />$5,127
<br />$2,423,726
<br />Projected Collection Amounts During Extended Term of District (2014 -2023) 1,923,188
<br />6,924 i 1,916,264 I
<br />0 I 1,916,264
<br />Estimated amount of increment by jurisdiction
<br />City (42.287) 674,735 855,223
<br />County (36.423 %; 581,169 736,628
<br />School (29.660 %) 473,258 599,852
<br />Other 194,026 245,927
<br />Total
<br />1,923,188 2,437,630
<br />Pay 2011 MV Pay 2011 TC Base MV Base TC
<br />Parcels: 17- 31 -22 -23 -0022 11,419,900 227,648 544,200 10,134
<br />17 -31 -22-32 -0009 367,800 6,606 125,200 1,878
<br />17- 31 -22 -32 -0010 1,535,100 29,952 125,200 1,878
<br />17-31 -22-32 -0019 570,700 10,664 131,900 1,979
<br />13,893,500 274,870 926,500 15,869
<br />Pay 2012 MV Pay 2012 TC
<br />11,447,600 228,202
<br />332,300 5,896
<br />1,462,400 28,498
<br />515,700 9,564
<br />13,758,000 272,160
<br />SPRINGSTED
<br />Page 20
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