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1/2512018 <br />EHLERS <br />"'""Ps""' <br />0"cFIkAw" <br />MWF Workforce Housing <br />City of Mounds View <br />60 Unit Affordable Apartment Building <br />Base Value Assumptions - Page 2 <br />1. Taxes and tax increment will vary significantly from year to year depending upon values, rates, state law, fiscal disparities and other factors <br />which cannot he predicted. <br />WHAT IS EXCLUDED FROM <br />Total Property Taxes 85,352 <br />less State-wide Taxes 0 <br />less Fiscal Disp. Adj. 0 <br />less Market Value Taxes (17,514) <br />Is <br />ss Base Value Taxes 4,441 <br />Annual Gross TIF <br />Prepared by Elders& Associates, I --Estimates 0rdy N.Wsol.V. sV Wli-4g-E-1--Redevebp—dXTIRTIF OistddslTIF IiMF Plan R. t-78-18 <br />Estimated Taxable <br />Total Taxable <br />Property <br />rercenmge <br />rercemage <br />mage <br />ueye e, <br />Market Value Market Value <br />Total <br />Market <br />Tax <br />Project <br />Project Tax <br />Completed <br />Completed <br />Completed <br />Completed Full Taxes <br />Area/Phase New Use <br />Per Sq. Ft.IUnit Per Sq. Ft.A1nit <br />Sq. Ft.Atnits <br />Value <br />Cie.. <br />Tax Capacity <br />CapacityAlnit <br />2018 <br />2019 <br />2020 <br />2021 Payable <br />1 Aff. Rental <br />130,000 130,000 <br />60 <br />7,800.000 <br />All. Rental <br />55,800 <br />930 <br />20% <br />10G% <br />100% <br />100% 2021 <br />Subtotal Residential <br />60 <br />7,800,000 <br />55,800 <br />Subtotal Commerciaglnd. <br />0 <br />0 <br />0 <br />Note: <br />1. Estimated market values per <br />Ramsey County City Assessor on <br />1-17-2018. <br />TAX CALCULATIONS <br />oto <br />Isco oca <br />oca <br />Isco <br />tate-WI e <br />a et <br />Tax <br />Disparities Tax <br />PT -pe <br />Disparities <br />Property <br />Value <br />Total <br />Taxes Per <br />New Use Capacity <br />Tax Capacity Capacity <br />Taxes _ <br />Taxes <br />Taxes <br />Taxes <br />Taxes <br />S , Ft/Um <br />1. Taxes and tax increment will vary significantly from year to year depending upon values, rates, state law, fiscal disparities and other factors <br />which cannot he predicted. <br />WHAT IS EXCLUDED FROM <br />Total Property Taxes 85,352 <br />less State-wide Taxes 0 <br />less Fiscal Disp. Adj. 0 <br />less Market Value Taxes (17,514) <br />Is <br />ss Base Value Taxes 4,441 <br />Annual Gross TIF <br />Prepared by Elders& Associates, I --Estimates 0rdy N.Wsol.V. sV Wli-4g-E-1--Redevebp—dXTIRTIF OistddslTIF IiMF Plan R. t-78-18 <br />