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SCHEDULE A <br /> (CONTINUED) <br /> • <br /> Mounds View Building N Site <br /> TIF Projections for completion of construction by 12/31/96 <br /> 05/21/96 <br /> Original Market Value and Tax Capacity <br /> Square Feet of Land 300,038 <br /> Value/square foot $1.6925 <br /> Market Value of Land Before Improvements 507,800 <br /> (Pay 1996) 4.60% <br /> Original Tax Capacity 23,359 <br /> Estimated Market Value and Tax Capacity After Improvements <br /> Land Value 507,800 <br /> Building Square Feet 103,000 <br /> $23.33 <br /> Building Value 2,402,990 2,402,990 <br /> Estimated Market Value After Improvements 2,910,790 <br /> 4.60% <br /> Estimated Tax Capacity After Improvements 133,896 <br /> Construction 1996 • <br /> Valuation 1997 <br /> Taxes Payable 1998 <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 /> • <br />