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Estimated Impact on Other Taxing Jurlsdictlons Report City of St.Anthony,Minnesota Tax Increment Financing District No,x > Apache/Hlticrest Project M Scenario H 0 Without Project or TIF District With Project and TIF District > Hypothetical H Projected YPbl � 1999100 1999/00 Retained New Hypothetical Hypothetical Tax Generated Q Taxable 1999/00 Taxable Captured Taxable Adjusted Decrease In by Retained Z Taxing Net Tax Local Net Tex Net Tax Nei Tax Local Local Captured C7 Jurisdiction Capacity(1) Tax Rate Capacity(1) + Capacity(3) _-Capacity Tax Rate(') Tax Rate(') N.T.C.(') l'n City of St.Anthony 5,141,361 30.359% 5,141,361 3688,853 6,030,214 25.884% 4.475% 230,071 Ramsey County 299,096,490 44.865% 299,096,490 888,853 299,985,343 44.752% 0.133% 397,780 Z O 171 IS M2,St.Anthony 6,194,793 57.624% 6,184,793 888,853 7,083,646 60,393% 7.231% 447,823 Other(2) _-- 7.274% — 888,853 -- 7.274% -- — Totals 140.142% 126.303°0 11.839% 0 • Statement 1: If the projected Retained Captured Net Tax Capacity of the TIF District was hypothetically available to each of the taxing jurisdictions above,the result would be a lower local tax rate(see Hypothetical Adjusted Tax Rate above) which would produce the same amount of taxes for each taxing jurisdiction. In such a case,the total local tax rata 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. Slatemenl 2; Since the projected.Retalned Captured Net Tax Capacity of the TIF District is not available to the taxing jurisdictlons, Z then there Is no Impact on taxes levled or local tax rates, (1) Taxable net lax capacity=total net tax capacity-captured TIF-fiscal disparity contribution. (2) The Impact on these taring jurisdictions Is negligible since they represent only 5.19%of the total lax rate. (3) Projected retained captured net tax capacity=total projected net tax capacity-original not tax capacity(based on pay 2000 values)-fiscal disparities, N