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CHANDLER AREA TIF DISTRICT PLAN (AS MODIFIED ON MARCH 14,2006) Duration of the District Pursuant to M.S. Section 469.175 Subd 1 and Section 469.176 Subd 1 the duration of the District must be indicated within the TIF Plan. Pursuant to M.S.,Section 469.176,Subd Ib,the duration of the District will be 25 years after receipt of the first increment by the HRA or City (a total of 26 years). The date of receipt by the City of the first tag increment WAS 1986. Thus, it is estimated that the District, including any modifications of the TIF Plan for subsequent phases or other changes, would terminate after 2011, or when the TIF Plan is satisfied. The HRA or City reserves the right to decertify the District prior to the legally required date. Estimated Impact On Other Jurisdictions The impact in tax dollars not collected by other jurisdictions is estimated based on assumptions of this plan. These impact are as follows: %Captured % Total Assessed Assessed Assessed This Captured Jurisdiction Value Other Districts This District District Total Ramsey County $3,221,454,106 $79,697,398 $1,579,467 .05% 2.52% School District $87,426,588 $9,494,401 $1,579,467 1.77% 12.44% City $74,579,800 $9,494,401 $1,579,467 2.0% 14.54% Percent of Tax Increment attributed to other jurisdictions and amount of captured tax not collected. Jurisdiction Mill Rate Percent Tax Increment Ramsey County 31.257 30.74% $49,412 School District 53.748 52.86 $84,967 City 11.359 11.17% $17,957 Other 5.318 5.23% $8,407 Total 101.682100% $160,742 New taxes generated in the district will be approximately$161,000 annually. These taxes will be available to the taxing jurisdictions at the end of the tax increment financing duration. Housing and Redevelopment Authority of St.Anthony Modification to the TIF Plan for the Chandler Place TIF District 2