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• • • <br />Exhibit 111 <br />Estimated Impact on Other Taxing Jurisdictions 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 />Projections based on 2011 value estimates - Total EMV of $13,893,500 <br />Without <br />Project or TIF District <br />Taxing <br />Jurisdiction <br />City of Lino Lakes <br />Anoka County <br />ISD #12 <br />Other (2) <br />Totals <br />2010/2011 <br />Taxable <br />Net Tax <br />Capacity (1) <br />17,955,274 <br />265, 086,108 <br />25,462,850 <br />2010/2011 <br />Local <br />Tax Rate <br />42.041% <br />39.952% <br />43.695% <br />6.278% <br />With Project and TIF District <br />131.966% <br />Projected <br />2010/2011 Retained <br />Taxable Captured <br />Net Tax Net Tax <br />Capacity (1) + Capacity <br />17,955,274 $200,307 <br />265,086,108 200,307 <br />25,462,850 200,307 <br />200,307 <br />New <br />Taxable <br />Net Tax <br />= Capacity <br />18,155, 581 <br />265,286,415 <br />25,663,157 <br />Hypothetical Hypothetical <br />Adjusted Decrease In <br />Local Local <br />Tax Rate ( *) Tax Rate ( *) <br />41.577% 0.464% <br />39.922% 0.030% <br />43.354% 0.341% <br />6.278% — <br />131.131% <br />* Statement 1: If the projected Retained Captured Net Tax Capacity of the TIF District was hypothetically available to each of <br />the taxing jurisdictions above, the result would be a lower local tax rate (see Hypothetical Adjusted Tax Rate above) <br />which would produce the same amount of taxes for each taxing jurisdiction. In such a case, the total local tax rate <br />would decrease by 0.835% (see Hypothetical Decrease in Local Tax Rate above). The hypothetical tax that the <br />Retained Captured Net Tax Capacity of the TIF District would generate is also shown above. <br />Statement 2: Since the projected Retained Captured Net Tax Capacity of the TIF District is not available to the taxing jurisdictions, <br />then there is no impact on taxes levied or local tax rates. <br />(1) Taxable net tax capacity = total net tax capacity - captured TIF - fiscal disparity contribution, if applicable. <br />(2) The impact on these taxing jurisdictions is negligible since they represent only 4.76% of the total tax rate. <br />0.835% <br />Hypothetical <br />Tax Generated <br />by Retained <br />Captured <br />N.T.C. ( *) <br />83,282 <br />79,966 <br />86,841 <br />SPRINGSTED Page 21 <br />