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St Anthony Nursing Home Ltd Part
<br /> Schedule of Real Estate Taxes
<br /> Proposed Projected"
<br /> 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 TOTAL
<br /> St Anthony Health Center
<br /> 81 50510 132 11 R 282
<br /> 31 30 23 44 0057 6 R 282
<br /> 31 30 23 44 0060 2 R 282
<br /> 31 30 23 44 0078 3 R 282
<br /> City 5,239 5,002 5,268 1,196 1,037 1,584 2,000 2,067 2,391 2,663 2,529 2,754 2,754 6,031 6,031 6,031 54,577
<br /> Other 35,825 34,146 35,384 6,158 6,553 6,750 9,559 10,443 11,098 11,855 11,379 12,327 12,327 26,993 26,993 26,993 284,782
<br /> Tax Increment 944 1,002 34,581 37,456 47,366 65,708 61,245 66,055 71,292 67,072 72,729 72,729 159,260 159,260 159,260 1,075,959
<br /> 41,064 40,091 41,654 41,935 45,046 55,699 77,267 73,755 79,544 85,810 80,980 87,810 87,810 192,284 192,284 192,284 1,415,317
<br /> Chandler Place
<br /> 31 30 23 44 0059 2 R 282
<br /> City 5,077 4,336 4,218 4,760 4,919 5,686 6,321 6,320 6,880 6,880 4,838 4,838 4,838 69,911
<br /> Other 26,138 27,402 17,972 22,749 24,853 26,389 28,140 28,429 30,799 30,799 21,659 21,659 21,659 328,647
<br /> Tax Increment"' 146,781 156,637 126,123 156,370 145,761 157,067 169,214 167,581 181,714 181,714 127,782 127,782 127,782 1,972,307
<br /> 0 0 0 177,996 188,375 148,313 183,879 175,533 189,141 203,674 202,330 219,394 219,393 154,279 154,279 154,279 2,370,865
<br /> Tax Increment Loan (157,171) (176,729) (159,389) (197,725) (8,986) (700,000)
<br /> 0 0 0 20,825 11,646 (11,076) (13,846) 166,547 189,141 203,674 202,330 219,394 219,393 154,279 154,279 154,279 1,670,865
<br /> Grand Total
<br /> City 5,239 5,002 5,268 6,274 5,373 5,803 6,760 6,985 8,077 8,983 8,849 9,634 9,634 10,869 10,869 10,869 124,488
<br /> Other 35,825 34,146 35,384 32,296 33,955 24,721 32,308 35,295 37,487 39,995 39,808 43,126 43,126 48,652 48,652 48,652 613,428
<br /> Tax Increment"' 0 944 1,002 181,361 194,093 173,489 222,077 207,007 223,122 240,505 234,654 254,443 254,443 287,042 287,042 287,042 3,048,266
<br /> 41,064 40,091 41,654 219,931 233,421 204,012 261,146 249,288 268,686 289,484 283,311 307,203 307,203 346,563 346,563 346,563 3,786,182
<br /> Tax Increment Loan (157,171) (176,729) (159,389) (197,725) (8,986) (700,000)
<br /> 41,064 40,091 41,654 62,760 56,692 44,623 63,421 240,301 268 686_289,484 283,311 307,203 307,203 346,563 346,563 346,563 3,086,182
<br /> Projected Real Estate Taxes for St Anthony Health Center assume that the proposed expansion is placed into service on January 1,1987
<br /> The estimated increase in taxable market value used for the calculation of future Real Estate Taxes is$2,000,000
<br /> Projected Real Estate Taxes assume estimated market values of existing properties and tax rates remain unchanged Title 11 tax adjustment
<br /> to Chandler Place becomes effective in 1998 based on refinance of Chandler Place on June 1,1996 St Anthony Health Center is not
<br /> eligible for Title II property status
<br /> The tax increment loan plus accrued interest totals$820,000 on 12/31/95 This loan will be prepaid net of approximately $370,000
<br /> in TIF eligible expenditures made in conjunction with original and proposed improvements to Chandler Place and St Anthony
<br /> Health Center,respectively The detail of these TIF eligible expenditures will be identified at a later date
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