Laserfiche WebLink
,04/14/9'1 11:33 COMMUNITY PARTNERS INC. 4 16127843462 NO.834 P022 <br /> • <br /> Legal Description: EXHIBIT NO. 3 <br /> • <br /> But-Yo Analysis <br /> Projected Annual Tax Increment <br /> $ 70,040 (See Section M) <br /> Projected Duration 25 year maximum term <br /> Projected Tax Increment Total $1,751,000 <br /> Present Value (9%125 years) $ 203,060 <br /> Projected Market Value with TIF $1,580,000 <br /> Present Value of Tax Increment $ 203,060 <br /> Adjusted Market Value $1,376,940 <br /> Projected Market Value without TIF $ 800,000 <br /> The projected adjusted taxable market value of the property within the Tax Increment District with the aide <br /> • of tax increment financing is$1,376,940 and without tax increment financing is$800,000 which is the present <br /> estimated value(purchase price) of Parcel No. 08-30-23-24-0056 (Bel Rae Ballroom). No new development <br /> is assumed without tax increment financing assistance, therefore, no increase in market value is anticipated <br /> absent tax increment financing assistance. <br /> • <br />