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1111512021 <br />TIF District No. 7 (Villas of Mounds View) - 3% Inflation <br />City of Mounds View, MN <br />120 Senior Apartments E H L E R S <br />DistrictType: <br />Housing <br />District NamelNumber. <br />County District 9: <br />First Year Construction or Inflation on Value <br />2022 <br />Existing District - Specify No. Years Remaining <br />Inflation Rate - Every Year <br />3.00% <br />(Merest Rate: <br />2.00% <br />Present Value Date: <br />1-Aug-23 <br />Fi rst Period Ending <br />1-Feb-24 <br />Tax Year Distnd was CertiOed_ <br />Pay 2022 <br />Cashfim Assumes First Tax Increment For Developaren <br />2024 <br />Years of Tax Increment <br />26 <br />Assumes Last Year of Tax Increment <br />2049 <br />Fiscal Dispanties Election [Outside (A), Inside (B), or W <br />Inside(B) <br />Incremental or Total Fiscal Disparities <br />Incremental <br />Rscal Disparities Contribution Ratio <br />38 5061% <br />Pay 2021 <br />Fiscal Disparities Met —Wide Tax Rate <br />139.5940% <br />Pay 2021 <br />MaximumlFrazen Local Tax Rate: <br />115.0147% <br />Pay 2021 <br />Current Local Tax Rate: (Use lesser of current or Max.) <br />115.0147% <br />Pay 2021 <br />State-wide Tax Rate (C—rallnd_ only used for total taxe <br />35 9700% <br />Pay 2021 <br />Market Value Tax Rate (Used for total taxes) <br />0.27744% <br />Pay 2021 <br />Tax Rates <br />Exempt Class Rate (Exempt) <br />0.00% <br />Commercial Industrial Preferred Class R.I. (Oil Prei.j <br />First $150,000 <br />150% <br />Over $150.000 <br />2 00% <br />Commercial Industrial Class Rate (CII) <br />2.00% <br />Rental Housing Class Rate (Rental) <br />1.25% <br />Affordable Rental Housing Class Rate (Aff. Rental) <br />First $100,000 <br />075% <br />Over $100.000 <br />0 25% <br />Nan -Homestead Residential (Non-H Res. 1 Unit) <br />First $500,000 <br />1.00% <br />Over $500,000 <br />125% <br />Homestead Residential Class Rate (Hmstd_ Res.) <br />First $500.000 <br />100% <br />Over $500,000 <br />1.25% <br />Agricultural Nan -Homestead <br />1.00% <br />VALUE INFORMATION <br />(Origiral Tax <br />Capacity)BASE <br />Building <br />Total <br />Percentage <br />Tax Year <br />Property <br />Current <br />Class <br />Aker <br />Land <br />Market <br />Market <br />Of Value Used <br />Original <br />Original <br />Tax <br />Original <br />After <br />Conversion Areal <br />ap ID PID Owner <br />Address <br />Market Value <br />Value <br />Value <br />for District <br />Market Value <br />Market Value <br />Class <br />Tax Capacity <br />Conversion <br />Orig. Tax Cap. Phase <br />17302314DO01 W.rd.v—EDA <br />4E89 ad FhW 3 <br />10,F500 <br />1 X0 <br />105500 <br />100% <br />10i <br />Pay 2022 <br />xempt <br />- <br />onto <br />173D23140002 w.rds Y—EDA <br />49a9adttxy.s <br />324,500 <br />0 <br />324,500 <br />100% <br />324,500 <br />Pay 2022 <br />Exempt <br />- <br />Aff. Rental <br />2,434 <br />173D23140003 Wicid.IA—EDA <br />48W ad Hl8 <br />162,900 <br />1,000 <br />163,900 <br />100% <br />163,900 <br />Pay 2022 <br />Exempt <br />- <br />Aff. Rental <br />1,229 <br />173D23110004 Cay rV-rdsv <br />4943 old I1wr.8 <br />105,900 <br />0 <br />105,900 <br />10" <br />105,900 <br />Pay 2022 <br />Exempt <br />- <br />Aff. Rental <br />794 <br />697,800 <br />2,aw <br />699,600 <br />699,600 <br />0 <br />5,249 <br />Note: <br />1. Base values are for pay 2022 based upon review of County website on 10-5-2021. <br />2. Located in SD # 621 and Rice Creek W/S <br />Prepared by Ehlers <br />DOC SOPEN\MU205\52\763645.v2-11 / 18/21 <br />