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K. <br />L. <br />U <br />2. reduction or enlargement of the geographic boundaries of the <br />district; <br />3. change due to stipulations, adjustments, negotiated or court -ordered <br />abatements. <br />'(The figures contained herein are based upon 1985 payable 1986 original <br />assessed values). <br />Estimated Captured Assessed Value <br />Pursuant to Minnesota Statutes, Section 273.74, Subdivision 1 and Minnesota <br />Statutes, Section 273.76, Subdivision 2, the estimated Captured Assessed <br />Value (CAV) of +he tax increment financing redevelopment district will <br />annually approximate 310,516,892 as a result of the project. This amount <br />will be captured for up to twenty-five years or until the project debt is <br />retired. The City requests 100 percent of the available Increase In assessed <br />value for repayment of debt and current expenditures. <br />Duration of the District <br />Pursuant to Minnesota Statutes, Section 273.75, Subdivision 1, the duration <br />of the tax Increment district within the Development District must be <br />indicated within the finance plan. The duration of the tax Increment <br />district will be 25 years from the date of receipt of the first tax increment. <br />Thus, it is estimated that the tax Increment district, including any <br />modifications to the finance plan for subsequent ohaads or other changes, <br />would terminate in year 2014. <br />Estimates impact on Other Taxing Jurisdictions <br />The impact of the loss of tax dollars represented as tax increments Is <br />estimated below for each taxing jursidiction. This estimate is based on the <br />existing redevelopment proposals and does not Include the possible tax <br />Increments derived from eny other future development, mill charges, or <br />Inflation factors. <br />Total Assessed Value <br />Tax increment Finance District 1/2/85 Total $2,416,086 <br />Latest Assessed Value of Each Government Body: <br />City of Mounds View <br />County of Ramsey <br />School District #621 <br />Spec. ind. School Dist. 1916 <br />Other: <br />Metro Transit <br />Met Council <br />Rice Creek Watershed <br />Mosquito Control <br />County Library <br />% of District <br />to Total <br />$ <br />G8,429,189 <br />3.531 <br />t <br />3,292;017,989 <br />0.073 <br />$ <br />557,331,065 <br />0.434 <br />$ <br />1,509,476,825 <br />0.160 <br />$ <br />3,292,017,989 <br />0.073 <br />$ <br />3,292,017,989 <br />0.073 <br />$ <br />712,270,757 <br />0.339 <br />$ <br />3,292,017,989 <br />0.073 <br />$ <br />1,543.703,251 <br />0.157 <br />8 <br />A <br />