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12/27/36 14:09 FAX 612 223 3002 SPRINGSTED INC.
<br />City of St Anthony, Minnesota
<br />Tax Increment Financing District No. 3
<br />1paehe Plaza Project- Phase I and 11
<br />Scenario B - Walmart, Herberger
<br />Assumptions
<br />Type of Tax Increment Financing District:
<br />Maximum Duration of TIF District:
<br />Certification Year of TIF District
<br />Decertification Year of TIF District
<br />1996 Local Tax Capacity Rate (ISD #282)
<br />Administrative Expense Percentage
<br />Total Estimated Market Value • Phase I
<br />Total Estimated Market Value - Phase II
<br />Bass Estimated Market Value
<br />increase in Value
<br />Times: Comm /Ind, Classification Rates
<br />Increase In Net Tax Capacity
<br />Redevelopment
<br />25 years
<br />1993
<br />2012
<br />132.452%
<br />7.00%
<br />199711998 1998/1999
<br />$3,375,000 $4,500,000
<br />$4,848,465 $12,136,750
<br />($7.786132) ($5,492,759)
<br />437,333 11,14991
<br />4.60% 4.60°%
<br />$20,117 $512,624
<br />Pro acted Taz Increment
<br />Times:
<br />Annual increase in Tax
<br />Period Net Tax Capacity
<br />Ending Capacity Rate
<br />(1) (2) (3)
<br />Annual
<br />Gross Tax
<br />Increment
<br />(4)
<br />Less:
<br />Administrative
<br />Retainage
<br />7.00°%
<br />{5)
<br />Less:
<br />State
<br />Auditor
<br />Deduction
<br />(6)
<br />Less:
<br />1996
<br />Taxable
<br />TIF Bonds
<br />(7)
<br />12/31197
<br />0
<br />132.452°%
<br />0
<br />0
<br />0
<br />0
<br />12/31/96
<br />20,117
<br />132.452%
<br />26,646
<br />1,865
<br />27
<br />46,855
<br />12/31199
<br />512,824
<br />132.452°%
<br />678,980
<br />47,529
<br />679
<br />206,080
<br />12/31/2000
<br />512,624
<br />132.452%
<br />678,980
<br />47,529
<br />679
<br />205,830
<br />12/31/2001
<br />512,624
<br />132.452°%
<br />$78,980
<br />47,529
<br />679
<br />205,190
<br />12/3112002
<br />512,624
<br />132,452°%
<br />678,980
<br />47,529
<br />679
<br />204,113
<br />12/31/2003
<br />512,624
<br />132.452%
<br />678,980
<br />47,529
<br />679
<br />207,588
<br />12/3112004
<br />512,624
<br />132.452%
<br />678,980
<br />47,529
<br />679
<br />205,238
<br />12/31/2005
<br />512,624
<br />132.452%
<br />678,980
<br />47,529
<br />679
<br />207,415
<br />12/31/2006
<br />512,624
<br />132.452%
<br />878,980
<br />47,529
<br />679
<br />203,790
<br />12/31/2007
<br />512,624
<br />132,452%
<br />678,980
<br />47,529
<br />679
<br />204,730
<br />12131/2008
<br />512,624
<br />132.452°%
<br />678,960
<br />47,529
<br />879
<br />204,785
<br />12/31/2009
<br />$12,524
<br />132.452%
<br />678,980
<br />47,529
<br />679
<br />202,935
<br />12/31!2010
<br />512,624
<br />132.452 °%
<br />578,980
<br />47,529
<br />@1
<br />2'67,235
<br />12/31/2011
<br />512,624
<br />132.452%
<br />78,990
<br />k7„ 9
<br />b
<br />12/31/2012
<br />512,624
<br />132.452%
<br />78,980
<br />17, 9
<br />�Tg'
<br />7g
<br />b
<br />9
<br />Less:
<br />1997
<br />Taxable
<br />TIF Bohds
<br />0
<br />0
<br />399,440
<br />416,520
<br />421,340
<br />419,540
<br />416,435
<br />416,995
<br />420,825
<br />417,515
<br />417,390
<br />420,030
<br />CH
<br />callable
<br />bonds on
<br />211108
<br />(10)
<br />Annual
<br />TIF
<br />Revenue
<br />Balance
<br />(9)
<br />Cumulative
<br />TIF
<br />Revenue
<br />Balance
<br />(10)
<br />0
<br />(22,111)
<br />(22,111)
<br />25,252
<br />3,142
<br />8,422
<br />11,564
<br />4,242
<br />15,805
<br />7,119
<br />22,926
<br />6,749
<br />29,675
<br />81639
<br />38,215
<br />2,532
<br />40,747
<br />9,467
<br />50,214
<br />8,652
<br />58,867
<br />5,957
<br />64,824
<br />383,60'6
<br />428,837
<br />58,537
<br />491,662
<br />550,199
<br />830,772
<br />1,180,972
<br />,... ...,
<br />830,772
<br />1,811,7"
<br />
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