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Exhibit IV
<br /> Projected Tax Increment Report
<br /> CityofHugo, Minnesota
<br /> Tax Increment Financing (Redevelopment)District No. 1-2
<br /> Downtown Redevelopment Project ,
<br /> Scenario A:Total EMV
<br /> Less: Less: Retained Times: Less: Less:
<br /> Annual Total Original Fiscal Captured Tax Annual State Aud. Admin. Annual
<br /> Period Net Tax Net Tax Disp.@ Net Tax Capacity Gross Tax Deduction Retainage Net
<br /> Ending Capacity Capacity 0.0000% Capacity Rate Increment 0.360% 10.00% Revenue
<br /> 1 2 3 4 5 6 7 8 9 10
<br /> 12/31/07 440,174 440,174 0 0 82.985% 0 0 0 0
<br /> 12/31/08 440,174 440,174 0 0 82.985% 0 0 0 0
<br /> 12/31/09 440,174 440,174 0 0 82.985% 0 0 0 0
<br /> 12/31/10 598,310 440,174 0 158,136 82.985% 131,229 472 13,076 117,681
<br /> 12/31/11 711,755 440,174 0 271,581 82,985% 225,371 811 22,456 202,104
<br /> 12/31/12 828,035 440,174 0 387,861 82,985% 321,867 1,159 32,071 288,637
<br /> 12/31/13 947,223 440,174 0 607,049 82.985% 420,775 1,515 41,926 377,334
<br /> 12/31/14 1,306,855 440,174 0 866 681 82.985% 719,215 2,589 71,663 644,963
<br /> 12/31/15 1,675,477 440,174 0 1,235,303 82.985% 1,025,116 3,690 102,143 919,283
<br /> 12/31/16 2,053,315 440,174 0 1,613,141 ,82.985% 1,338,665 4,819 133,385 1,200,461
<br /> 12/31/17 2,440,599 440,174 0 2,000,425 82.985% 1,660,053 5,976 165,408 1,488,669
<br /> 12/31/18 2,490,628 440,174 0 2,050,454 82.985% 1,701,570 6,126 169,544 1,525,900
<br /> 12/31/19 2,541,909 440,174 0 2,101,735 82.985% 1,744,124 6,279 173,785 1,564,060
<br /> 12/31/20 2,594,471 440,174 0 2,154,297` 82.985% 1,787,743 6,436 178,131 1,603,176
<br /> 12/31/21 2,648,347 440,174 0 2,208,173 82.985% 1,832,452 6,597 182,586 1,643,269
<br /> 12/31/22 2,703,570 440,174 0 2,263,396'' 82.985% 1,878,279 6,762 187,152 1,684,365
<br /> 12/31/23 2,760,174 440,174 0 2,320,000 82.985% 1,925,252 6,931 191,832 1,726,489
<br /> 12/31/24 2,818,192 440,174 0 2,378,018 82.985% 1,973,398 7,104 196,629 1,769,665
<br /> 12/31/25 2,877,662 440,174 0 2,437,488 82.985% 2,022,749 7,282 201,547 1,813,920
<br /> 12/31/26 2,938,617 440,174 0 2,498,443 82.985% 2,073,333 7,464 206,587 1,859,282
<br /> 12/31/27 3,001,097 440,174 0 2,560,923 82.985% 2,125,182 7,651 211,753 1,905,778
<br /> 12/31/28 3,065,139 440,174 0 2,624,965 82.985% 2,178,327 7,842 217,049 1,953,436
<br /> 12/31/29 3,130,782 440,174 9 2,690,608 82.985% 2,232,801 8,038 222,476 2,002,287
<br /> 12/31/30 3,198,066 ' 440,174 0 2,757,892 82.985% 2,288,637 8,239 228,040 2,052,358
<br /> 12/31/31 3,267,032 440,174 0 2,826,858 82.985% 2,345,868 8,445 233,742 2,103,681
<br /> 12/31/32 3,337,722 440,174 0 2,897,548 82.985% 2,404,530 8,656 239,587 2,156,287
<br /> 12/31/33 3,410,180 440,174 0 2,970,006 82.985% 2,464,659 8,873 245,579 2,210,207
<br /> 12/31/34 3,484,449 440,174 0 3,044,275 82.985% 2,526,291 9,095 251,720 2,265,476
<br /> 12/31/35 3,560,574 440,174 0 3,120,400 82.985% 2,589,464 , 9 322 258,014 2,322,128
<br /> $43,936950 $158,173 $4,377,881 $39,400,896
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