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1252018 <br />EHLERS <br />LEAPIRS In MIRIP nnAxc t <br />MWF Workforce Housing <br />City of Mounds View <br />60 Unit Affordable Apartment Building <br />oTIDNR AND RC <br />Base Value Assumptions - Page 1 <br />DistrictType: <br />Housing <br />Tax Rates <br />District Name/Number: <br />County District A: <br />Exempt Class Rate (Exempt) <br />0.00% <br />First Year Construction or Inflation on Value <br />2018 <br />Commercial Industrial Preferred Class Rate (CA Prel.) <br />Existing District - Specify No, Years Remaining <br />First $150,000 <br />1.50% <br />Inflafion Rate - Every Year: <br />3.00% <br />Over $150,000 <br />2.00% <br />Interest Rate: <br />4.00% <br />Commercial Industrial Class Rate (CA) <br />2.00% <br />Present Value Date: <br />1 -Aug -19 <br />Rental Housing Gass Rate (Rental) <br />1.25% <br />First Period Ending <br />1 -Feb -20 <br />Affordable Rental Housing Class Rate (Aff. Rental) <br />Tax Year District was Certified: <br />Pay 2018 <br />First $121,000 <br />0.75% <br />Cashnm Assumes First Tax Increment For Development: <br />2020 <br />Over $121,000 <br />0.25% <br />Years of Tax Increment <br />26 <br />Non -Homestead Residential (Non -H Res. t Unit) <br />Assumes Last Year of Tax Increment <br />2045 <br />First $500,000 <br />1.00% <br />Fiscal Disparities Election [Outside (A), Inside (B), or NA) <br />Inside(B) <br />Over $500,000 <br />1.25% <br />Increental or Total Fiscal Disparities <br />m <br />Incremental <br />Homestead Residential Class Rate (Hmstd. Res.) <br />Fiscal Disparities Contribution Ratio <br />36.7818% <br />Pay 2018 Preliminary <br />First $500,000 <br />1.00% <br />Fiscal Disparities Metro -Wide Tax Rate <br />145.0950% <br />Pay 2018 Preliminary <br />Over $500,000 <br />1.25% <br />MaximumlFrozen Local Tax Rate: <br />121.575% <br />Pay 2018 Preliminary <br />Agricultural Non -Homestead <br />1.00% <br />Current Loral Tax Rate: (Use lesser of Current or Max.) <br />121.575% <br />Pay 2018 Preliminary <br />State-wide Tax Rate (Com And. only used for total taxes) <br />45.0000% <br />Pay 2018 Preliminary <br />Market Value Tax Rate (Used for total faxes) <br />0.22453% <br />Pay 2018 Preliminary <br />BASE VALUE •' •N <br />(Original <br />Building <br />Total Percentage <br />Tax Year Property <br />Current <br />Class <br />After <br />Land <br />Market <br />Market Of Value Used <br />Original Original Tax <br />Original <br />After <br />Conversion Areal <br />Ma ID PID Owner Address Market Value <br />Value <br />Value for District <br />Market Value Market Value Class <br />Tax Ca ac' <br />Conversion <br />Ori .Tax Cap. Phase <br />1 0630-2331-0029 G.S. Johnson 7980 Groveland 71,900 <br />0 <br />71,900 100% <br />71,900 Pay 2018 Non -H Res. 1 Unit <br />719 <br />Aff. Rental <br />539 1 <br />2 0630-23310030 C.S. Johnson 2865 M.V. Blvd. 120,100 <br />89,800 <br />209,900 100% <br />209,900 Pay 2018 Hmstd. Res. <br />2,099 <br />Aff. Rental <br />1,574 1 <br />3 0630-2331-0031 State of MN 2901 M.V. Blvd. 171,700 <br />0 <br />171,700 100% <br />171,700 Pay 2018 Exempt <br />- <br />Aff. Rental <br />1,288 1 <br />4 0630-2331-0241 State of MN Unassigned 33,500 <br />0 <br />33,500 100% <br />33,500 Pay 2018 Exempt <br />- <br />Ali. Rental <br />251 1 <br />397.200387.000 <br />487,000 <br />2,818 <br />3,653 <br />Note: <br />1. Base values are for Pay 2018 based upon review of Ramsey County <br />website on <br />1.2-2018. <br />Pmpared by EHers a Associates, I— - EstYnetes Ordy <br />N:lllirnsdaUloinds VteWJ-l—kg-Emmraic-Redevelop—,CTIRTIF <br />UWdslTIF 1.)UF %an Rin 1-1&18 <br />