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October 26. 1993
<br />Estimated Taxes (annually)
<br />for 103,000 S.F.
<br />Estimated Frozen Base
<br />Initial Annual Increment
<br />Proposed Annual Split
<br />of Increment
<br />MOUNDS VIEW BUSINESS PARK EAST
<br />PAY AS YOU GO T.I.F.
<br />Project: Building'N-
<br />175,100 (1)
<br />28,339 (2)
<br />146,761
<br />-------------------------------------------------•--------
<br />Net Present Value at
<br />Discount Rate of:
<br />85%
<br />15%
<br />ig—CilY
<br />To
<br />Everest
<br />Year
<br />Everest
<br />City
<br />7.00%
<br />8.00%
<br />9.000/
<br />7.00%
<br />8,00%
<br />9.00%
<br />1
<br />0
<br />0 (3)
<br />0
<br />19,228
<br />0
<br />18,874
<br />0
<br />18,529
<br />0
<br />108,959
<br />0
<br />106,950
<br />0
<br />104,997
<br />2
<br />124,747
<br />22,014
<br />37.378
<br />36,524
<br />35,696
<br />211,808
<br />206,969
<br />202.288
<br />3
<br />125,994
<br />22,234
<br />54.510
<br />53,030
<br />51.607
<br />308,889
<br />300,504
<br />292.438
<br />4
<br />127,254
<br />22,457
<br />70,681
<br />68,467
<br />66,348
<br />400,527
<br />387,978
<br />375,971
<br />5
<br />128,527
<br />22,681
<br />85,946
<br />82,903
<br />80,007
<br />487,026
<br />469.781
<br />453.374
<br />6
<br />129,812
<br />22,908
<br />23.137
<br />100,354
<br />96,403
<br />92.664
<br />568,675
<br />546.283
<br />525.096
<br />7
<br />131,110
<br />11' 955
<br />109,028
<br />104,392
<br />645.746
<br />617.826
<br />591.554
<br />8
<br />132,421
<br />23.368
<br />126.793
<br />120.835
<br />115.259
<br />718.494
<br />684,732
<br />653.134
<br />9
<br />133.746
<br />23,602
<br />138,911
<br />131,877
<br />125,328
<br />787.164
<br />747,301
<br />710,194
<br />10
<br />135,083
<br />23,838
<br />150.350
<br />142.203
<br />134,659
<br />1982
<br />85,
<br />763.067
<br />11
<br />135,434
<br />24.077
<br />161,147
<br />151,859
<br />143.305
<br />80516
<br />,8
<br />59
<br />12
<br />137,798
<br />24,317
<br />171.339
<br />160.890
<br />151,316
<br />970,920
<br />911,712
<br />857.455
<br />13
<br />139.176
<br />24,560
<br />180,959
<br />169.336
<br />158,739
<br />899,520
<br />14
<br />140,568
<br />24,805
<br />190.040
<br />177,234
<br />165.617
<br />1076092
<br />1,959,570
<br />497
<br />15
<br />141,974
<br />25,054
<br />198,611
<br />184,620
<br />171.991
<br />1,125.464
<br />1.046.181
<br />974.613
<br />16
<br />143,393
<br />25,305
<br />206,702
<br />191,528
<br />177,896
<br />1.171.313
<br />1,085,323
<br />1.008.079
<br />17
<br />144.827
<br />25,558
<br />214,339
<br />197.987
<br />183,369
<br />14590
<br />18
<br />146.275
<br />25.813
<br />221,548
<br />204.028
<br />188.439
<br />1,2
<br />1156,9168
<br />1.039,088
<br />822
<br />19
<br />147.738
<br />26.071
<br />228,353
<br />209.678
<br />193.138
<br />1,255,,441
<br />1,156.11
<br />1,094,447
<br />20
<br />149.216
<br />26,332
<br />NOTES:
<br />(1) Estimated taxes at$1.70 per square foot
<br />(2) Frozen base determined by utilizing 1993 taxes payable less estimate for pending refund
<br />(3) Taxes assumed to increase at an average rate of 1% per year
<br />mw1mvl eoppy
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