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(ASMODIFIED ONMARCll 14, 2006) 2003/2004 IMPACT ON TAX BASE Estimated Estimated Captured Extension Rates 2005/2006 Tag Capacity (CTC) Percent of CTC Tag Capacity. Upon Completion to Entity Total Ramsey County 42099519592 298899231 0.6864% City of St. Anthony* 5,4149108 298899231 53.3649% ISD No. 282* 5,414,108 2,8899231 53.3649% *Includes values for Hennepin County and Ramsey County IMPACT ON TAX RATES The estimates listed above display the. captured tax capacity when all construction is completed. The tax rate used for calculations is based upon the 2003/Pay 2004 rate, the Frozen Tag Rate as certified by the Ramsey County Auditor. The total net capacity for the entities listed above are based on the highest estimated Captured Tax Capacity, Subsection 2-16. Supporting Documentation Pursuant to M.S. Section 469.175 Subd 1 a, clause 7 the TIF Plan must contain identification and description of studies and analyses used to make the determination set forth in M.S. Section 469.175 Subd 3, clause (2) and the findings are required in the resolution approving the TIF district.. Following is a list of reports and studies on file at the City that support the Authority's findings: • Tax Increment Financing Application • Summary of Environmental -Related Redevelopment Issues; Apache Plaza Mall; St. Anthony, Minnesota. Braun Intertec. July 9, 2003. • Asbestos -Related Costs for the Re -Occupancy of the Apache Plaza, St. Anthony, MN. Braun Intertec July 9, 2003. Subsection 2-17. Definition of Tax Increment Revenues Pursuant to MS., Section 469.174, Subd. 25, tax increment revenues derived from a tax increment financing district include all of the following potential revenue sources.- 1. ources: 1. Taxes paid by the captured net tax capacity, but excluding any excess taxes, as computed under M.S., Housing and Redevelopment Authority of St. Anthony Tax Increment Financing Plan for Tax Increment Financing District No. 3-5 31 2003/2004 Percent . Potential Extension Rates of Total CTC Taxes Ramsey County 0.531350 40.04% 298899231 195359193 City of St. Anthony 0.511740 38.57% 29889,231 194789535 ISD No. 282 0.220960 16.65% 298899231 638,404 Other 0.062850 4.74% 2,889,231 181,588 Total 1.326900 100.00% 318339721 The estimates listed above display the. captured tax capacity when all construction is completed. The tax rate used for calculations is based upon the 2003/Pay 2004 rate, the Frozen Tag Rate as certified by the Ramsey County Auditor. The total net capacity for the entities listed above are based on the highest estimated Captured Tax Capacity, Subsection 2-16. Supporting Documentation Pursuant to M.S. Section 469.175 Subd 1 a, clause 7 the TIF Plan must contain identification and description of studies and analyses used to make the determination set forth in M.S. Section 469.175 Subd 3, clause (2) and the findings are required in the resolution approving the TIF district.. Following is a list of reports and studies on file at the City that support the Authority's findings: • Tax Increment Financing Application • Summary of Environmental -Related Redevelopment Issues; Apache Plaza Mall; St. Anthony, Minnesota. Braun Intertec. July 9, 2003. • Asbestos -Related Costs for the Re -Occupancy of the Apache Plaza, St. Anthony, MN. Braun Intertec July 9, 2003. Subsection 2-17. Definition of Tax Increment Revenues Pursuant to MS., Section 469.174, Subd. 25, tax increment revenues derived from a tax increment financing district include all of the following potential revenue sources.- 1. ources: 1. Taxes paid by the captured net tax capacity, but excluding any excess taxes, as computed under M.S., Housing and Redevelopment Authority of St. Anthony Tax Increment Financing Plan for Tax Increment Financing District No. 3-5 31