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12®
<br /> EXHIBIT D
<br /> ESTIMATE OF TAX INCREMENT TO BE RECEIVED
<br /> Assumptions Repo
<br /> City of St.Anthony,Minn"ota
<br /> Tax Increment Financing Dlsrrlct No.if
<br /> ApachelHillcrest Protect
<br /> Scenario 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 a6/0710o
<br /> Decertllleation Date 12101127 (26 Years of Increment)
<br /> 1999/2000
<br /> Base Estimated Market Value 55,029,800
<br /> Times_First 5150,000 3.00% 4,500
<br /> Excess 3.00°1. 1,16.$G4
<br /> Original Net Tax Capacity $150.894
<br /> Assessmeni/Collection Year
<br /> 2000/2001 2001/2002 2002/2003 20031004
<br /> Base Estimated Market Value(5MV) $5,029,600 $5,029,800 $5.029.800 55.029,600
<br /> Decrease in EMV $O s0 so $o
<br /> • Increase In EMV 0 0 0. O
<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 It ($7,000,000-pay 2003) 0 0 7,000,000 7,140,000
<br /> Phase 111 ($7,000,000•pay 2004) 0 0 0 7,000,000
<br /> Phase IV 0 0 0 0
<br /> Phase V 0 0 0 O
<br /> Phase 1 ($=,Sol Land-pay 2002) O 534,335 545.022 555,922
<br /> Adjustment O (5,029,800) (5,029,800) (5,029,800)
<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 $14,685,022 $21,978,722
<br /> 'rimes:First 5150,000 3.00°1. 4,500 4,500 4,500 d.500
<br /> Excess 3,001,6 146,394 221,530 436,051 654.862
<br /> Total Net Tax Capacity $150,894 5226,030 $440,551 $659,362
<br /> Base Inflation Factor NA
<br /> Loral Tait Capacity Rate 140.142%1999/t10
<br /> Fiscal Disparities Contribution From TIF District 0.00000/0 1996/99 -
<br /> Administrative Retalnage Percent(maximum=1096) 5.00%
<br /> Pooling Percent 0.00%
<br /> City Tax Rate(Only if Loral-Effort TIF) NA
<br /> Inflation Rate 102.0%
<br /> %of TIF applied to Developer Note 100.0%
<br /> %of TIF applied to debt service on bonds 0.0%
<br /> Bonds Nole(PaV•As Yau-Gol
<br /> Bonds Dated 08/01/00 Note Dated 06/01/00
<br /> First Interest Date 02/01/01 Note Rate 9,50°/
<br /> Underwriters Discount 1.5096
<br /> • I.GA/HACA Loss:
<br /> Will Annual Local Goninbution Be Made(Yes or No)? yes
<br /> I.S.D 4191 Equalized Tax Capacity Rate 43.11% 1998199
<br /> I.S.D 0191 Sales Ratio 92.70% 1998199
<br /> City Sales Ratio&Taxable Net Tax Capacity NA NA
<br /> Present Value Date&Rate 06MI/oo 9.50%,
<br /> Assumes new assessed value of$70 per square foot (Inflation factor of 2%
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