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��■ also Project Estimated Tax Capacity upon Completion (PTC) 2,0014076 Original Estimated Net Tax Capacity(ONTC) 368,499 Fiscal Disparities Reduction 76,600 Estimated Captured Tax Capacity (CTC) 1,555,977 Original Local Tax Rate 1.23141 Pay 2003 Estimated Annual Tax Increment(CTC x Local Tax Rate) 1,916,046 Percent Retained by the HRA 100% *The cashflow estimates a 2% inflation factor over the term of the District. Tax capacities are based on estimates for Payable 2009, when the total project is estimated to be completed (AS MODIFIED ONMAR CH 14, 2006) Project Estimated Tax Capacity upon Completion (PTC) $3,2919016 Original Estimated Net Tax Capacity (ONTO) $3459751 Fiscal Disparities Reduction $2699813 Estimated Captured Tax Capacity (CTC) $298899231 Original Local Tax Rate 1.32690 Pay 2004 Frozen Rate Estimated Annual Tax Increment(CTC x Local Tax Rate) $3,8339720 Percent Retained by the EDA 100% RIIIO111PIO ■ *The cashflow estimates a 2% inflation factor over the term of the District. Tax capacities are based on estimates for Payable 2031, when the district is completed Pursuant to M.S., Section 4.69.177, Subd. 4, the HRA shall, after a due and diligent search, accompany its request for certification to the County Auditor or its notice of the District enlargement pursuant to M.S., Section 469.175, Subd. 4, with a listing of all properties within the District or area of enlargement for which building permits. have been issued during the eighteen (18)' months immediately preceding approval of the TIF Plan by the municipality pursuant to M.S., Section 469.175, Subd. 3. The County Auditor shall increase the original net tax capacity of the District by the net tax capacity of improvements for which a building permit was issued. The City has reviewed the area to be included in the District and found 7 building permits have been issued during the 18 months immediately preceding approval of the TIF Plan. However, the City believes the permit values have been included in the base value of the tax increment calculation and will not have a significant affect on the tax increment. Please see Appendix H for information on the building permits that have been issued. Housing and Redevelopment Authority of St. Anthony Tax Increment Financing Plan for Tax Increment Financing District No. 3-5 eT 2-5