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07-08-1996 WS
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07-08-1996 WS
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6/29/2018 8:55:48 AM
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MV City Council
City Council Document Type
City Council Packets
Date
7/8/1996
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SCHEDULE A <br /> (CONTINUED) <br /> . <br /> Mounds View Building K Site <br /> TIF Projections for completion of construction by 12/31/97 <br /> 06/21/96 <br /> Original Market Value and Tax Capacity <br /> Square Feet of Land 245,296 <br /> Value/square foot $1.5039 <br /> Market Value of Land Before Improvements 368,900 <br /> (Pay 1996) 4.60% <br /> Original Tax Capacity 16,969 <br /> Estimated Market Value and fax .1�;pacit„ Aft .;- ;ir, ;;;v„ :F!nts <br /> Land Value 368,900 ' <br /> Building Square Feet65,00 ` <br /> $23.33 <br /> Building Value 1,516,450 1,516,450 <br /> Estimated Market Value After Improvement. (---178-85,350—Th <br /> 4.60% <br /> Estimated Tax Capacity After Improvements 86.726 <br /> tructionIII1997 <br /> nation 1998 <br /> Taxes Payable 1999 <br /> Property tax rate for taxes payable in 1996 1.36949 <br /> Assumed annual inflation 2.00% <br /> Admin Fees 10.00% <br /> Interest Rate of Revenue Note 7.00% <br /> Date Revenue Note Begins to Accrue Interest 08/01/96 <br />
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