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12/27/36 14:06 FAX 612 223 3002 SPRINGSTED INC.
<br />City of St. Anthony, Minnesota
<br />Tax Incemont Financing District No, 3
<br />'lpaohe Plaza Project • Phase I and II
<br />Scenario A - Walmart, Herborger, Lifetime Fitness
<br />Assumptions
<br />Type Of Tax Increment Financing District:
<br />Maximum Duration of TIF District
<br />Certification Year of TIF District
<br />Decerti8catlOn Year of TIF District
<br />1995 Local Tax Capacity Rate (ISO #282)
<br />Administrative Expense Percentage
<br />Total Estimated Market Value - Phase I
<br />Total Estimated Market Value - Phase 11
<br />Base Estimated Market Value
<br />Increase in Value
<br />Times: Commllnd. Classification Rates
<br />Increase in Net Tax Capacity
<br />L. Project* Tax Increment
<br />Redevelopment
<br />25 years
<br />1993
<br />2012
<br />132.452%
<br />7,00%
<br />1997/1998 1998/1999
<br />$3,375,000
<br />$4,500,000
<br />$4,848,485
<br />$15,384,350
<br />$7,76fi,132
<br />$8,839,564)
<br />437,333
<br />12,944,786
<br />4.60%
<br />4.60%
<br />$20,117 $595,460
<br />12,
<br />Annual
<br />Increase in
<br />Times:
<br />Tax
<br />Annual
<br />Less:
<br />Administrative
<br />Less:
<br />State
<br />Less:
<br />1995
<br />Less:
<br />Annual
<br />Cumulative
<br />Period
<br />Ending
<br />Nat Tex
<br />Capacity
<br />Capacity
<br />Rate
<br />Gross Tax
<br />Retalnage
<br />Auditor
<br />Taxable
<br />Taxable
<br />onlds on
<br />Revenue
<br />(1)
<br />(2)
<br />(3)
<br />Increment
<br />7.00%
<br />Deduction
<br />TIF Bonds
<br />TIF Bonds
<br />211!06
<br />Balance
<br />Revenue
<br />Balance
<br />(4)
<br />(5)
<br />(6)
<br />(7)
<br />(8)
<br />I10)
<br />(9)
<br />(70J
<br />12/31/97
<br />0
<br />132.452%
<br />12/31/98
<br />12/31/99
<br />20,117
<br />595,450
<br />132,452%
<br />132.462%
<br />26,646
<br />788,699
<br />11865
<br />27
<br />46,865
<br />p
<br />0
<br />(22,111)
<br />(22,111)
<br />12/31/2000
<br />595,460
<br />132.452%
<br />788,698
<br />55,209
<br />55,209
<br />789
<br />788
<br />208,OB0
<br />501,340
<br />25,281
<br />3,171
<br />12/31/2001
<br />595,460
<br />132.452%
<br />788,699
<br />55,209
<br />789
<br />205,830
<br />205,190
<br />520,020
<br />6,851
<br />16,022
<br />12/31/2002
<br />$95,460
<br />1$2,452%
<br />788,699
<br />55,209
<br />789
<br />204,113
<br />621,045
<br />520,395
<br />8,466
<br />18,488
<br />12/3112003
<br />1213112004
<br />595,460
<br />132.452%
<br />788,699
<br />55,209
<br />789
<br />207,588
<br />523,030
<br />8,193
<br />24,882
<br />12/31/2005
<br />595,460
<br />595,460
<br />132.452%
<br />132.452%
<br />788,899
<br />788,899
<br />55,209
<br />789
<br />205,238
<br />523,550
<br />2,083
<br />3,813
<br />26,765
<br />30,678
<br />12/31/2006
<br />595,460
<br />132.452%
<br />788,699
<br />55,209
<br />$5,209
<br />789
<br />789
<br />207,415
<br />521,905
<br />3'381
<br />34,060
<br />12/31/2007
<br />$95,460
<br />132.452%
<br />788,699
<br />55,209
<br />789
<br />203,790
<br />523,045
<br />5,866
<br />39,926
<br />12/31/2008
<br />$05,460
<br />132.452%
<br />788,699
<br />55,209
<br />789
<br />204,730
<br />521,545
<br />48,352
<br />12/31/2009
<br />595,480
<br />132.452%
<br />788,699
<br />55,209
<br />789
<br />204,785
<br />522,345
<br />5,571
<br />5,571
<br />51,924
<br />12/3112010
<br />595,460
<br />132,452%
<br />788,699
<br />55,209
<br />789
<br />203,935
<br />530,000
<br />(1,234)
<br />50,890
<br />12131/2011
<br />595,480
<br />132.452%
<br />788,599
<br />55,209
<br />789
<br />0
<br />732,701
<br />783,392
<br />12/31/2012
<br />595,460
<br />132.452%
<br />788,e99
<br />55,209
<br />784
<br />732,701
<br />1,516,093
<br />'
<br />$11,068,432
<br />$774,790
<br />$11,068
<br />$2,305,58
<br />V...
<br />$d;1 2222-0
<br />$530,000
<br />732,701
<br />$2,248,794
<br />2,248,794
<br />I
<br />MI.
<br />
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