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Estimated Impact on Other Taxing Juriscilctlons Report City of St.Anthony,Minnesota Tax Increment Financing District No,x Apache/Hlilcrest Project Cn Scenario H O ►ri Without Project or TIF District With Project and TIF District Y Projected Hypothetical 1999100 1999100 Retained New Hypothetical Hypothetical Tax Generated Q Taxable .1999/00 Taxable Captured Taxable Adjusted Decrease In by Retained z Taxing Net Tax Local Net Tax Net Tax Net Tax Local Local Captured C7 Jurisdiction Capacity([) Tax Rate Capacity(1) + Capacity(3) Capacity Tax Rate(') Tax Rate(') N.T.C.(') Cn City of St.Anthony 5,141,361 30.359% 5,141,361 $888,653 6,030,214 25•.884% 4.475% 230,071 Ramsey County 299,096,490 44.685% 299,096,490 888,853 299,985,343 44.752% 0.1.33% 397,780 O Q t>7 ISD#282,St.Anthony 6,194,793 57.624% 6,194,793 888,853 7,083,546 60.393% 7.231% 447,923 Other(2) - 7.274% — 888,853 -•- 7.274% -•- —• y Totals 140.142% 128.30390 11.839% ' Statement 1: 11 the projected Retained Captured Net Tax Capacity of the TIF Dlstrict was hypothetically available to each of the taxing jurisdictions above,the result would be a lower local tax rate(see Hypothetical Adjusted Tex Rate above) which would produce the same amount of taxes for each taxing jurisdiction. In such a case,the total local tax rate would decrease by 11.839%(see Hypothetical Decrease In Local Tax Rate above). The hypothetical tax that the C7 Retained Captured Net Tex Capacity of the TIF District would generate is also shown above. y Statement 2: Since the projected Retained Captured Net Tax Capacity of the TIF District Is not available to the taxing jurisdictions, z then there Is no Impact on taxes levied or local tax rates. (1) Taxable net lax capacity=total net tax capacity-captured TIF-fiscal disparity oonlribution. (2) The Impact on these taxing jurlsdictions Is negligible since thoy represent only 5.19%of the total lax rate.'- (3) Projected retained captured not tax capacity=total projected net tax capacity-original not tax capacity(based on pay 2000 values)-fiscal disparities.