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3/8/2021Lowry Grove TIF District City of St. Anthony, MN 264-Units of Senior Living/Care and 225-Market Rate UnitsASSUMPTIONS AND RATESDistrictType:RedevelopmentDistrict Name/Number:County District #:Exempt Class Rate (Exempt)0.00%First Year Construction or Inflation on Value2021Commercial Industrial Preferred Class Rate (C/I Pref.)Existing District - Specify No. Years RemainingFirst $150,0001.50%Inflation Rate - Every Year:3.00%Over $150,0002.00%Interest Rate:4.00%Commercial Industrial Class Rate (C/I)2.00%Present Value Date:1-Aug-22Rental Housing Class Rate (Rental)1.25%First Period Ending1-Feb-23Affordable Rental Housing Class Rate (Aff. Rental)Tax Year District was Certified:Pay 2021First $174,000 0.75%Cashflow Assumes First Tax Increment For Development: 2023 Over $174,000 0.25%Years of Tax Increment 26 Non-Homestead Residential (Non-H Res. 1 Unit)Assumes Last Year of Tax Increment2048First $500,0001.00%Fiscal Disparities Election [Outside (A), Inside (B), or NA]Inside(B)Over $500,0001.25%Incremental or Total Fiscal DisparitiesIncrementalHomestead Residential Class Rate (Hmstd. Res.)Fiscal Disparities Contribution Ratio31.5863% Pay 2021First $500,0001.00%Fiscal Disparities Metro-Wide Tax Rate139.5040% Pay 2021Over $500,0001.25%Maximum/Frozen Local Tax Rate: 144.645% Pay 2021Agricultural Non-Homestead1.00%Current Local Tax Rate: (Use lesser of Current or Max.)144.645%Pay 2021State-wide Tax Rate (Comm./Ind. only used for total taxes) 35.9780% Pay 2021Market Value Tax Rate (Used for total taxes) 0.22332% Pay 2021Building Total Percentage Tax Year Property Current Class AfterLand Market Market Of Value Used Original Original Tax Original After ConversionMap ID PID Owner Address Market Value Value Value for District Market Value Market Value Class Tax Capacity Conversion Orig. Tax Cap.5,374,000 100,000 5,474,000 100% 5,474,000 Pay 2021 Non-H Res. 1 Unit67,175 Rental 68,425 11,000 1,000 2,000 100% 2,000 Pay 2021 Non-H Res. 1 Unit 20 Rental 25 140,000 205,000 245,000 100% 245,000 Pay 2021 C/I Pref. 4,150 Rental 3,063 1207-029-23-23-0002Bremer Bank NA2401 Lowry Ave NE1,232,000 401,000 1,633,000100% 1,633,000 Pay 2021 C/I Pref.31,910 Rental20,413 16,647,000 707,000 7,354,0007,354,000 103,25591,925Note:1. Base values are for pay 2021 based upon review of County website on 12-30-20.2. Located in SD # 282 and WS # 6107-029-23-23-0001The Village LLC2501 Lowry Ave NEArea/ PhaseTax Rates BASE VALUE INFORMATION (Original Tax Capacity)Prepared by Ehlers19
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