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City of Mounds View TIF District No. 1 Modification 15 | P a g e <br /> <br /> Adjusted* Assessed <br />Value <br />Required Mills Tax Increment <br />City of Mounds <br />View <br />$66,013,103 2.211 145,932 <br />County of <br />Ramsey <br />3,289,601,903 0.102 335,142 <br />School District <br />#621 <br />554,914,979 0.892 495,019 <br />Spec. Ind. <br />School Dist. <br />#916 <br />1,507,060,739 0.008 12,200 <br />Other 3,289,601,903 0.020 64,227 <br /> <br />*Tax Increment District assessed valuation subtracted. <br /> <br />(AS MODIFIED JUNE 12, 1989) <br /> <br />The impact of the use of tax dollars represented as tax increments for project costs is <br />estimated below for each taxing jurisdiction. This estimate is based on the existing <br />development proposals and does not include the possible tax increments derived from any <br />other future development, rate changes, inflation factors, or other Tax Increment Districts. <br /> <br /> Tests: <br /> <br />The estimated impact on other taxing jurisdictions assumes construction would have <br />occurred without the modification of the Tax Increment Financing District. If the <br />construction is a result of tax increment financing, the impact is $0 to other entities. <br /> <br />Notwithstanding the fact that the fiscal impact on the other taxing jurisdiction is $0 due to <br />the fact that the financing would not have occurred without the assistance of the City, the <br />following estimated impact of Tax Increment Financing District Modification No. 1 would <br />be as follows if Test No. 1 (the “but for” test) was not met. <br /> <br /> Tax Capacity Value <br /> <br />Tax Increment Finance <br />District Modification No. 1 <br /> <br />1/2/87 Total $26,154 <br />Latest Tax Capacity Value of Each Government Body: <br /> <br /> % of District to Total <br />City of Mounds View 7,306,281 .3579 <br />County of Ramsey 404,538,860 .0065 <br />School District 73,831,323 .0354 <br /> <br />Considering the above taxing jurisdictions, it can be seen that the City, School and County <br />Districts will have over 96% of each respective district available for normal growth of tax <br />base or valuation from this tax increment district modification. Applyin g the percentage of <br />the total tax capacity rate in 1989 levied by the above taxing jurisdictions to the projected