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12/27/36 14:06 FAX 612 223 3002 SPRINGSTED INC. F
<br />13
<br />Tax Increment Financing
<br />Summa Re ort
<br />City of St Anthony, Minnesota
<br />Tax Increment Financing District No. 3
<br />Apache Plaza Project
<br />Phase II Only
<br />Type of Tax Increment Financing District
<br />RedevAlopment
<br />Maximum Duration of TIF District
<br />25 years from lei
<br />Uietement
<br />Certification Date of TIF District
<br />04/26/93
<br />Financing of 71F Bonds
<br />08/01/97
<br />Decertification Date of TIF District
<br />12101/2008
<br />(10 Years of )hcremerit)
<br />Loan Amount @ 5.50%
<br />NA
<br />Future
<br />P.V.
<br />Value
<br />@ 5.00%
<br />Bond issue @ 7,573% (NIC)
<br />$3,575,000
<br />(Taxable)
<br />Admin. (7.00 %)
<br />$394,600
<br />$287,841
<br />Loss of LGA/HACA
<br />(627,859)
<br />(409,218
<br />Eligible Project Costs
<br />$3,085,648
<br />Capitalized Interest
<br />392,100
<br />Underwriters Discount
<br />42,900
<br />COVAdministrative
<br />54,352
<br />Other
<br />0
<br />Pius,
<br />Less:
<br />Less;
<br />Annual
<br />Annual Annual
<br />Local
<br />Admin,
<br />StateAudity
<br />Annual
<br />LodeP
<br />K61d:ted
<br />Period
<br />Gross Tax Contribution
<br />Ratalnage
<br />Deduction
<br />Net
<br />Effort
<br />Lifig &
<br />Ending
<br />Increment
<br />0.00%
<br />7.00%
<br />0.10 °%
<br />%eArlde
<br />TIC
<br />LGAM,46A
<br />(1)
<br />(2)
<br />(3)
<br />(4)
<br />(5)
<br />(6)
<br />(71
<br />(8)
<br />12/31197
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />12131198
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />12/31/99
<br />563,714
<br />0
<br />39,480
<br />564
<br />523,690
<br />0
<br />0
<br />12/31/2000
<br />563,714
<br />0
<br />39,460
<br />564
<br />523,690
<br />0
<br />11,412
<br />12/3112001
<br />563,714
<br />0
<br />39,460
<br />564
<br />523,690
<br />0
<br />22,824
<br />12/31/2002
<br />583,714
<br />0
<br />39,460
<br />564
<br />523,690
<br />D
<br />34,236
<br />12/31/2003
<br />563,714
<br />0
<br />39,460
<br />564
<br />523,690
<br />0
<br />45,648
<br />12/3112004
<br />563,714
<br />0
<br />39,460
<br />564
<br />523,690
<br />0
<br />57,060
<br />12131/2005
<br />563,714
<br />0
<br />39,460
<br />564
<br />52 ,690
<br />0
<br />68,472
<br />12/31/2006
<br />12/312007
<br />563,714
<br />563,714
<br />'0
<br />0
<br />9,460
<br />l]
<br />54
<br />5 4
<br />,5,2,090
<br />' ; §0
<br />Q
<br />0
<br />79,884
<br />1,296
<br />12/312008
<br />563,714
<br />0
<br />9, �p
<br />g�
<br />82 , ��Hyr(l{
<br />d
<br />102,707
<br />12/312009
<br />d
<br />0
<br />d
<br />d
<br />114,120
<br />12/312010
<br />0
<br />0
<br />0
<br />6
<br />0
<br />12/3112011
<br />0
<br />0
<br />{Oj
<br />9
<br />0
<br />12/312012
<br />d
<br />1i
<br />0
<br />12/3112013
<br />¢
<br />{IJj
<br />(1
<br />12/3112014
<br />d
<br />12/3112015
<br />d
<br />(j
<br />6
<br />((jJ
<br />0
<br />12812016
<br />d
<br />(j
<br />0
<br />0
<br />d
<br />0
<br />12131/2017
<br />d
<br />0
<br />d
<br />0
<br />0
<br />12131/2018
<br />d
<br />p
<br />0
<br />12/312019
<br />0
<br />h
<br />d
<br />d
<br />12/312020
<br />Q
<br />0
<br />f)
<br />0
<br />0
<br />0
<br />12/312021
<br />0
<br />q
<br />d
<br />d�i
<br />0
<br />0
<br />0
<br />12/312022
<br />q
<br />0
<br />tl
<br />d
<br />0
<br />12131/2023
<br />0
<br />d
<br />0
<br />0
<br />d
<br />d
<br />12/312024
<br />0
<br />0
<br />0
<br />d
<br />d
<br />d
<br />"$827,659
<br />5,637,140
<br />$0
<br />$394,600 $9,040
<br />$�
<br />$0
<br />I
<br />Prepared by: Springsted Incorporated ( 12/18/96)
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