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<br /> • EXHIBIT D
<br /> ESTIMATE OF TAX INCREMENT TO BE RECEIVED
<br /> As rt n
<br /> City of St Anthony,Minnesota
<br /> Tax Increfttent Financing District No.r
<br /> ApacheJHillcr'est Protect
<br /> Scenaft H
<br /> Type of Tax Increment Financing District Redevelopment
<br /> Maximum Duration of TIF District(1) 25 years from 1st increment
<br /> Certification Request Date 06101100
<br /> Decerfincation Date 12/0127 (26 Years of Increment)
<br /> 19992000
<br /> Base Estimated Market Value $5,029,800
<br /> Times First 4150,000 3.001A 4,500
<br /> Excess 3.00°/ 146.394
<br /> Original Net Tax Capacity $150.894
<br /> Assessment/Collection Year
<br /> 20002001 20012002 2002Y2003 2003..004
<br /> Base Estimated Market Value(EMV) 55,029,800 $5,029,800 $5-029.800 55.029,800
<br /> Decrease in EMV $0 so so So
<br /> • Increase In EMV .0 0 0 0
<br /> Increase In EMV(Future Development)
<br /> Phase 1 ($7,000,000-pay 2002) 0 7,000,000 7,140,000 7,282,800
<br /> Phase II ($7,000,000-pay 2003) 0 0 7,000,000 7,140,000
<br /> Phase III ($7,000,000•pay 2004) 0 0 0 7,000,000
<br /> Phase IV 0 0 0 O
<br /> Phase V 0 0 0 0
<br /> Phase 1 (5320,601 Land-pay 2002) O 534,335 545.022 555,922
<br /> Adjustment O (5,029,800) (5,029,600) (51029,800)
<br /> O 0 0 0
<br /> 0 0 0 0
<br /> 0 0 0 0
<br /> Total Estimated Market Value $5,029,800 57,534,335 $14,665,022 $21,978,722
<br /> Times:First 5150,000 3.00% 4,500 4,500 4,500 4,500
<br /> Excess 3,001/6 146,394 221,530 4`6,051 654.862
<br /> Total Net Tax Capacity $150,894 5226,030 $440,551 $659,382
<br /> Base Inflation Factor NA
<br /> Loial Tait Capacity Rate p 140.142%19991r.0
<br /> Fiscal Dispa'ddes Contribution From TIF District 0.0000%199em
<br /> Administrative Retalnage Percent(maximum=10°y) 5.00%
<br /> Pooling Percent 0.00%
<br /> City Tar Rate(Only if Local-Effort TIF) NA
<br /> Inflatlon Rate 102.0`Y.
<br /> %of TIF applied to Developer Note 100.0%
<br /> %.of TIF applied to debt service on bonds 0.09.
<br /> Bonds N Le(PaV•AS-You-Go1
<br /> Bonds Dated 06/01100 Note Dated 003/01/00
<br /> First Interest Date 02/01/01 Note Rate 9.50°/
<br /> Underwriters Discount 1.509.
<br /> • I.GA/HACA Loss:
<br /> Will Annual Local Contribution Be Made(Yes or No)? yes
<br /> i.S,D 0 91 Equalized Tax Capacity Rate 43.11% 19913199
<br /> I.S.D#191 Sales Ratio 92.709'. 1998/99
<br /> City Sales Redo&Taxable Net Tax Capacity NA NA
<br /> Present Value Date&Rate 06101100 9.501/
<br /> Assumes new assessed value of$70 per square feat Ilnflatiori factor 012%
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