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Mounds View Economic Development Authority Tax Increment Financing District No. 1-7 (Skyline Apartments) 8 Estimated costs associated with the District are subject to change among categories without a modification to this TIF Plan. The cost of all activities to be considered for tax increment financing will not exceed, without formal modification, the budget above pursuant to the applicable statutory requirements. The EDA may expend funds for qualified housing activities outside of the District boundaries. FISCAL DISPARITIES ELECTION Pursuant to M.S., Section 469.177, Subd. 3, the City may elect one of two methods to calculate fiscal disparities. The City will choose to calculate fiscal disparities by clause b (inside). ESTIMATED IMPACT ON OTHER TAXING JURISDICTIONS The estimated impact on other taxing jurisdictions assumes that the redevelopment contemplated by the TIF Plan would occur without the creation of the District. However, the EDA or City has determined that such development or redevelopment would not occur "but for" tax increment financing and that, therefore, the fiscal impact on other taxing jurisdictions is $0. The estimated fiscal impact of the District would be as follows if the "but for" test was not met: Entity 2020/Pay 2021 Total Net Tax Capacity Estimated Captured Tax Capacity (CTC) upon completion Percent of CTC to Entity Total Ramsey County 609,931,784 241,736 0.0396% City of Mounds View 12,655,371 241,736 1.9101% ISD 621 (Mounds View)114,395,336 241,736 0.2113% Impact on Tax Base Entity Pay 2021 Extension Rate Percent of Total CTC Potential Taxes Ramsey County 47.7604% 41.53% 241,736 $ 115,454 City of Mounds View 35.5693% 30.93% 241,736 85,984 ISD 621 (Mounds View)23.8628% 20.75% 241,736 57,685 Other 7.8222% 6.80% 241,736 18,909 115.0147% 100.00% $ 278,032 Impact on Tax Rates