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<br />2000 Abatement Calculation: <br />City of Mounds View Only <br /> <br />Total Tax Capacity ($1,000,000 Commercial Project): $40,481 <br />City Tax Rate: 25.551% <br />Percent Abated: 95% <br />2000 Abatement Payment: $9,826.14 <br />5 Year Revenue Projection: $49,130.70 <br /> <br />2000 Abatement Calculation: <br />City of Mounds View & Ramsey County <br /> <br />Total Tax Capacity ($1,000,000 Commercial Project): $40,481 <br />City Tax Rate: 25.551% <br />County Tax Rate 44.839% <br />Percent Abated: 95% <br />2000 Abatement Payment: $27,069.85 <br />5 Year Revenue Projection: $135,349.25 <br /> <br />2000 Abatement Calculation: <br />City of Mounds View/Ramsey County/ISD #621 <br />Total Tax Capacity ($1,000,000 Commercial Project): $40,481 <br />City Tax Rate: 25.551% <br />County Tax Rate 44.839% <br />ISD #621 Tax Rate 46.421% <br />Percent Abated: 95% <br />2000 Abatement Payment: $44,921.95 <br />5 Year Revenue Projection: $224,609.75 <br /> <br />As one can see, intergovernmental cooperation will be a necessary component for the effective use of tax <br />abatement. The attached “Tax Abatement Finance Policy & Application” further refines the potential use <br />of abatement in Mounds View.