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07-06-1998 WS
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07-06-1998 WS
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MV City Council
City Council Document Type
City Council Packets
Date
7/6/1998
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07/01/98 WED 15:25 FAX 612 885 5969 KRASS MONROE 211006 <br /> CITY OF MOUNDSVIEW <br /> SCHEDULE B <br /> SILVERVIEW- Senior Housing Only- Coop <br /> ASSUMPTIONS <br /> Original Market Value <br /> Building 29,500 <br /> Land 342,500 <br /> 372,000 <br /> Original Total Tax Capacity (Portion allocated to each scenario) 33.33% 1,827 <br /> Commercial Component 2,084,200 2,973 <br /> 2.45% <= 150,000 <br /> 3.50% > 150,000 <br /> Senior Housing Component 4,305,000 2,507 <br /> 1.00% <br /> 6,389,200 5,480 <br /> GAS STATION /CONVENIENCE STORE <br /> Estimated Market Value 0 <br /> Estimated Tax Capacity 2.45% & 3.5% <br /> Estimated Taxes 6,820 sq. ft. @ 0.00 /sq. ft. = 0 <br /> OFFICE BUILDING -25,000 sq. ft. (2 story) <br /> Estimated Market Value 0 <br /> Estimated Tax Capacity 3.50% 0 <br /> Estimated Taxes 25,000 sq. ft. @ 0.00 /sq. ft. = 0 <br /> OFFICE BUILDING -5,000 sq. ft. <br /> Estimated Market Value 0 <br /> Estimated Tax Capacity 3.50% 0 <br /> Estimated Taxes 5,000 sq. ft. @ 0.00 /sq. ft. = 0 <br /> SENIOR HOUSING <br /> Estimated Market Value 77 units @ 65,000 /unit = 5,005,000 <br /> Estimated Tax Capacity 1.00% 50,050 <br /> Estimated Taxes 77 units @ 844 /unit = 65,004 <br /> TOTAL -ALL PHASES <br /> Estimated Market Value 5,005,000 <br /> Estimated Tax Capacity 50,050 <br /> Estimated Taxes 65,004 <br /> Admin/Program Fees 10.00% <br /> Pay 1998 Tax Rate 1.29878 <br /> P. V. Rate 12/01/98 7.50% <br /> Silver4b.wk4 PREPARED BY KRASS MONROE, P.A. 06/25/98 <br />
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