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Exhibit V Estimated Impact on Other Taxing Jurisdictions Report City of Hugo, Minnesota Tax Increment Financing (Redevelopment) District No.1.2 Downtown Redevelopment Project" Scenario A: Total EMV Without Project or TIF District With Project and TIF District Projected Hypothetical 2005/2006 2005/2006 Retained New Hypothetical Hypothetical Tax Generated Taxable 2005/2006 Taxable Captured Taxable Adjusted Decrease In by Retained Taxing Net Tax Local Net Tax Net Tax NetTax Local Local Captured Jurisdiction Capacity(1) Tax Rate Capacity(1) + Capacity _ Capacity Tax Rate(*) Tax Rate(*) N.T.C. (*) City of Hugo 35.931% 0 $3,120,400 3,120,400 0.000% 35.931% 0 Washington County 25.651% 0 3,120,400- 3,120,400 0.000% 25.651% 0 ISD#624 17.731% 0 3,120,400 3,120,400 0.000% 17.731% 0 Other(2) --- 3.672% --- 3,120,400 --- 3.672% --- --- Totals 82.985% 3.672% 79.313% * Statement 1: If the projected Retained Captured Net Tax Capacity of the TIF District was hypothetically available to each of the taxing jurisdictionsabove,the result would be a lower local tax rate(see Hypothetical Adjusted Tax Rate above) which would produce the same amount of taxes for each taxing jurisdiction. In such a case,the total local tax rate would decrease by 79.313%(see Hypothetical Decrease in Local Tax Rate above). The hypothetical tax that the Retained Captured Net Tax Capacity of the'TIF'District would generate is also shown above. Statement 2: Since the projected Retained Captured Net Tax Capacity of the TIF District is not available to the taxing jurisdictions, then there is no impact on taxes levied or local tax rates. (1} Taxable net tax capacity=total net tax capacity-captured TIF.-fiscal disparity contribution, if applicable. (2) The impact on these taxing jurisdictions is negligible since they represent only 4.42%of the total tax rate. SPRINGSTED Page 37