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3/6/2006
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<br />Option 6A Summary
<br />Fiscal Disparities Inside The District
<br />CITY OF ST. ANTHONY VILLAGE - APACHE PLAZA/NORTHWEST QUADRANT REDEVELOPMENT
<br />220 Mk Rate Units -198,000 Sq/Ft Retail - 25,000 Sq/Ft Office - 336 Urban Fiats - 80 Sr Co -Op Flats - 26 Three -Story TH
<br />District New Redevelopment Dirstrict
<br />County District # 246-0
<br />inflation Rate - Every _ Years 2.00%
<br />Pay -As -You -Go Interest Rate: 6.75%'
<br />Note Issued Date (Present Value Date): 01 -Feb -04
<br />Local Tax Rate - Frozen 132.6900% Pay 2004
<br />Fiscal Disparities Election (B - inside or A outside) B '
<br />Year District was certified Pay 2004
<br />Assumes First Tax Increment For District 2006
<br />Year District was Modified N/A -
<br />Development located in modified area N/A
<br />Assumes First Tax Increment For Dev 2006
<br />Years of Tax Increment 26
<br />Assumes Last Year of Tax Increment 2031
<br />Fiscal Disparities Ratio 27.2629% Pay 2006 Est
<br />Fiscal Disparities Metro Wide Tax Rate 121.8020% Pay 2006 Est
<br />Local Tax Rate - Current 122.6020% Pay 2006 Est
<br />State Wide Property Tax Rate (Used for total taxes) 51.0000% Pay 2006 Est
<br />Market Value Tax Rate (used for total taxes) 0.184690% Pay 2006 Est
<br />Commercial Industrial Class Rate 1.5%-2.0%
<br />First 150;000 1.50% -
<br />Over 150,000 2.00%
<br />Rental Class Rate 1.25%
<br />Residental Class Rat( - Under $500,000 1.00%
<br />Over $500, 000 1.25%
<br />t''if'$.•.�I��}iii':. �•Ee'�Fr„s��P. •�^.r 'f. �`1Ci'..•'-rv:"Si:>i%'i.�j7�!'R%iJ`)..l�:k�yY �<,•'
<br />Use Tax Capacity Tax Capacity
<br />Before After
<br />161 139 131 972
<br />Note:
<br />1. Base values are pay 2004
<br />2. Tax capacity after does not include 213.779 in tax capacity for area that Is not being developed at this time
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<br />Total
<br />Market Value
<br />Taxes Per
<br />Total
<br />Market
<br />Class
<br />New
<br />Year
<br />Date
<br />Phase
<br />Use
<br />Sq. Ft./Units
<br />-Sq. Ft./Units
<br />Sq. Ft./Units
<br />Taxes
<br />Value
<br />Rate
<br />Tax Capacity
<br />Constructed Payable
<br />1
<br />Big Box
<br />127,800
<br />100.75
<br />$4.27
<br />545,737
<br />14,400,500
<br />1.5%-2.0%
<br />287,260
<br />2004
<br />2006
<br />1A
<br />Big Box
<br />15,133
<br />100.75
<br />$3.62
<br />54,709
<br />1,440,050
<br />2.00%
<br />28,801
<br />2005
<br />2007
<br />1A
<br />Sr Apt
<br />0
<br />0.00
<br />$0.00
<br />0
<br />0
<br />1.25%
<br />0
<br />2005
<br />2007
<br />1 B
<br />Sr Apt
<br />0
<br />0.00
<br />$0.00
<br />0
<br />0
<br />1.25%
<br />0
<br />2006
<br />2008
<br />1
<br />Office
<br />8,750
<br />175.00
<br />$6.49
<br />56,819
<br />1,531,250
<br />1.5%-2.0%
<br />29,875
<br />2004
<br />2006
<br />1A
<br />Office
<br />16,250
<br />175.00
<br />$6.65
<br />108,038
<br />2,843,750
<br />2.00%
<br />56,875
<br />2004
<br />2006
<br />1
<br />Small Retail
<br />19,600
<br />178.06
<br />$6.70
<br />131,234
<br />3,490,000
<br />1.5%-2.0%
<br />69,050
<br />2004
<br />2006
<br />1A
<br />Small Retail
<br />36,400
<br />178.06
<br />$6.76
<br />246,237
<br />6,481,429
<br />2.00%
<br />129,629
<br />2005
<br />2007
<br />1
<br />Wendy's
<br />3,200
<br />227.50
<br />$8.22
<br />26,302
<br />728,000
<br />1.50/6-2.0%
<br />13,810
<br />2005
<br />2007
<br />1A
<br />Mk Rate Apts
<br />39
<br />95,000.00
<br />$1,751.15
<br />68,295
<br />3,705,000
<br />1.25%
<br />46,313
<br />2005
<br />2007
<br />1B
<br />Mk Rate Apts
<br />221
<br />95,000.00
<br />$1,751.15
<br />387,004
<br />20,995,000
<br />1.25%
<br />262,438
<br />2006
<br />2008
<br />1
<br />Urban Flats
<br />77
<br />240,000.00
<br />$3,627.82
<br />279,342
<br />18,480,000
<br />1.00%
<br />184,800
<br />2005
<br />2007
<br />1A
<br />Urban Flats
<br />137
<br />240,000:00
<br />$3,627.82
<br />497,011
<br />32,880,000
<br />1.00%
<br />328,800
<br />2006
<br />2008
<br />1B
<br />Urban Flats
<br />42
<br />240,000.00
<br />$3,627.82
<br />152,368
<br />10,080,000
<br />1.00%
<br />100,800
<br />2007
<br />2009
<br />1B
<br />Sr. Co -Op Flats
<br />63
<br />260,000.00
<br />$3,930.13
<br />247,598
<br />16,380,000
<br />1.0006
<br />163,800
<br />2006
<br />2008
<br />1C
<br />Sr. Co -Op Flats
<br />117
<br />260,000.00
<br />$3,930.13
<br />459,826
<br />30,420,000
<br />1.00%
<br />304,200
<br />2007
<br />2009
<br />1D
<br />Sr. Co -Op Flats
<br />0
<br />0.00
<br />$0.00
<br />0
<br />0
<br />1.00%
<br />0
<br />N/A
<br />N/A
<br />1B
<br />3 -Story TH
<br />11
<br />350,000.00
<br />$5,290.57
<br />58,196
<br />31850,000
<br />1.00%
<br />38,500
<br />2006
<br />2008
<br />1C
<br />3 -Story TH
<br />15
<br />350,000.00
<br />$5,290.57
<br />79,358
<br />5,250,000
<br />1.00%
<br />52,500
<br />2007
<br />2009
<br />1D
<br />3 -Story TH
<br />0
<br />0.00
<br />$0.00
<br />0
<br />0
<br />1.00%
<br />0
<br />N/A
<br />WA
<br />TOTAL
<br />3,398,075
<br />172,954 978
<br />2,097,450
<br />Noce:
<br />1. Tax estimates are based upon market value, construction costs and taxes per sq/ft..
<br />t'.4tr31'%i •"z
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<br />_ L^i.
<br />'Y.S •.TF.
<br />'Market
<br />Total
<br />Local
<br />Fiscal
<br />Local
<br />Fiscal
<br />State-wide
<br />Local
<br />Fiscal
<br />State-wide
<br />Use
<br />Tax
<br />Tax
<br />Disparities
<br />Tax
<br />Disparities
<br />Property
<br />Taxes
<br />Disparities
<br />Property
<br />Value
<br />Total
<br />Capacity
<br />Capacity
<br />Tax Capacity
<br />Rate
<br />Tax Rate
<br />Tax Rate
<br />Taxes
<br />Taxes
<br />Taxes
<br />Taxes -
<br />Big Box
<br />316,061
<br />229,894
<br />86,167
<br />1.32690
<br />1.21802
<br />0.51000
<br />305,046
<br />104,954
<br />161,191
<br />29,256
<br />600,446
<br />Sr Apts
<br />0
<br />0
<br />0
<br />1.32690
<br />0.00000
<br />0.00000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Office
<br />86,750
<br />63,099
<br />23,651
<br />1.32690
<br />1.21802
<br />0.51000
<br />83,727
<br />28,807
<br />44,243
<br />8,080
<br />164,856
<br />Sm Retail
<br />198,679
<br />144,513
<br />54,166
<br />1.32690
<br />1.21802
<br />0.51000
<br />191,754
<br />65,975
<br />101,326
<br />18,416
<br />377,471
<br />Mk Apts
<br />308,750
<br />308,750
<br />0
<br />1.32690
<br />0.00000
<br />0.00000
<br />348,228
<br />0
<br />0
<br />45,818
<br />393,847
<br />Flats
<br />614,400
<br />614,400
<br />0
<br />1.32690
<br />0.00000
<br />0.00000
<br />815,247
<br />0
<br />0
<br />113,474
<br />928,721
<br />Sr Co -Op
<br />468,000
<br />468,000
<br />0
<br />1.32690
<br />0.00000
<br />0.00000
<br />620,989
<br />0
<br />0
<br />88,435
<br />707,424
<br />3 -Story TH
<br />91,000
<br />91,000
<br />0
<br />1.32690
<br />0.00000
<br />0.00000
<br />120,748
<br />0
<br />0
<br />16,807
<br />137,555
<br />TOTAL 1
<br />2,083,640
<br />1,915,891
<br />167 749
<br />1.32690
<br />1.21802
<br />0.51000 1
<br />2,542,196
<br />199,735
<br />306,760
<br />318,086
<br />3,366 777
<br />Note: t
<br />1. St. Anthony does pay Fiscal Disparities
<br />2. Apartments/residential do not pay State-wide property tax or Fiscal Disparities Not captured by TIF
<br />3. Assumes Fiscal Disparities Is paid inside the district
<br />Prepared by Ehlers
<br />44
<br />Page 1 of 2
<br />TIF Run 3-61-24-06 for 71F Plan - FINAL
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