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..4 0.1..4, zo sed0 SPRINGSTED
<br /> CITY OF MVJ002i0e2
<br /> City of Mounds View, Minnesota
<br /> Bel Rae Ballroom/Community Center Project
<br /> Impact of G.O. TIF Bonds Versus Lease Revenue Bonds
<br /> III
<br /> G.O.TIF Lease Revenue
<br /> Estimated Net Bond Option Bond Option
<br /> Market Tax Avg, Lease Levy >
<br /> 7
<br /> Property Type Value' Capacity Tax Rate Incr. --> $ 3 222%%12 $1 1.21 9 9i
<br /> 1.,, %
<br /> 11 1
<br /> Residential Homestead $75,000 $780
<br /> $10.3169 $74.40
<br /> 100,000 1,280 16.93 24.46
<br /> 150,000
<br /> 2,280 30.15 43.57
<br /> 200,000 3,280 43.37 62.67
<br /> 250,000 4,280 56.60
<br /> 300,000 5,280 81.78
<br /> 69.82 100.89
<br /> 400,000 7,280
<br /> 500,000 9,280 96.26 1399.10.10
<br /> 122.71 177.32
<br /> Apartments(< 4 units) $75,000 $1,725
<br /> (Non-Homestead) 100,000 2,300 .41 $32.96
<br /> 150,000 3,450 30.4165.92
<br /> 200,000 4,600 60,863 65.92
<br /> 8
<br /> 300,000 6,900 60,83 87.89
<br /> 500,000 11,500 91.24 131.84
<br /> 152.07 219.74
<br /> Apartments(4+ units) $250,000 $8,500
<br /> (Non-Homestead) 500,000 17,000 $112.405124.81
<br /> 750,000 25,500 224.79 324.83
<br /> 0337.19
<br /> 1,000,000 34,000 487.24
<br /> 2,500,000
<br /> 86,000 449.59 649.66
<br /> 5,000,000 170,000 1,123.97 1,624.14
<br /> 2,247.94 3,248.29
<br /> Commercial/Industrial $250,000 $9,900
<br /> 500.000 21,400 $130.91 $189.17
<br /> 750.000 32.900 282.98 408.90
<br /> 435.04 628.64
<br /> 1,000,000
<br /> 44,400 587.11 848.38
<br /> 2.500,000 113,400 1,499.51
<br /> 5,000,000 228,400 2,156.80
<br /> 3,020.17 4,354.17
<br /> Notes:
<br /> Estimated market value is the basis from which net tax capacity is calculated. This value is not necessarily
<br /> the price the property would bring if sold.
<br /> The tax rate increase is based on the City's pay 1996 taxable NTC of$6,368,521 (as per Ramsey County).
<br /> Prepared by SPRINGSTED Incorporated ( 12-Mar-96)
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