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APPENDIX D-1 Fiscal Disparities Inside the District ("B" election) 3% Inflation - 5% P.V. T.I.F. CASH FLOW ASSUMPTIONS District New Redevelopment District County District # Inflation Rate - Every Year: 3.00% Pay-As-You-Go Interest Rate: 5.00% Note Issued Date (Present Value Date): 01-Aug-07 Local Tax Rate - Frozen 122.827% Pay 2006 TNT Fiscal Disparities Election (B inside) B Year District was certified Pay 2006 Assumes First Tax Increment For District 2008 Years of Tax Increment 26 Assumes Last Year of Tax Increment 2033 Fiscal Disparities Ratio 39.6705% Pay 2006 TNT estimated (adjusted for new construction) Fiscal Disparities Metro Wide Tax Rate 121.802% Pay 2006 Local Tax Rate - Current 122.827% Pay 2006 TNT Commercial Industrial Class Rate 1.5%-2.0% Pay 2006 First 1.50% Over 2.00% Class Rate After Total Class Original After Conversion Date PID Address Market Value Rate Tax Capacity Conversion Tax Capacity Payable 05-30-23-13-0001 Jackson Dr 3,755,700 1.5%/2.00% Tax Exempt 0.00% 74,364 2006 05-30-23-21-0005 Coral Sea Street 2,976,900 2.00% Tax Exempt 2.00% 59,538 2006 05-30-23-21-0006 Unassigned 1,037,600 2.00% Tax Exempt 2.00% 20,752 2006 05-30-23-24-0059 Jackson Dr 982,700 2.00% Tax Exempt 2.00% 19,654 2006 05-30-23-24-0060 Edgewood Dr 385,500 2.00% Tax Exempt 2.00% 7,710 2006 Totals 9,138,400 0 182,018 PROJECT INFORMATION Total Market Value Market Class New Year Date Phase Use Sq. Ft./Units Sq. Ft./Units Value Rate Tax Capacity Constructed Payable 1 Office 0 80.00 0 1.5%-2.0% 0 2005 2007 1 Office 720,000 80.00 57,600,000 1.5%-2.0% 1,151,250 2006 2008 1 Office 480,000 80.00 38,400,000 2.00% 768,000 2007 2009 TOTAL 1,200,000 96,000,000 1,919,250 Note: 1. Sq. Ft. values are based upon developer's estimates 2. Project estimated to be 60% completed year 1 and completed year 2 based upon developer's estimates APPENDIX D ESTIMATED CASH FLOW FOR THE DISTRICT