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Scenarios
<br /> City of Hugo,Minnesota
<br /> Carpenters Steak House
<br /> Type of District Redevelopment
<br /> SOW District 624
<br /> Maxirnum Duration 26 Years
<br /> Fiscal Disparities Rate 36.1261% Pay 2008
<br /> Total Local Tax Capacity Rate 80.2740% Pay 2008
<br /> Inflation 1.00%
<br /> BASE TAX CAPACITY Pay 2009(Jan 2,2008) Class Base Tax
<br /> Parcel Assessed Value Rate Capacity
<br /> 20.031.21.24.1X744 11,700 Comm 234
<br /> 20.031.21.24.0045 259,200 CommPref 4,434
<br /> 20.031.21.24.0046 115,200 Comm 2,304
<br /> 20.031.21.24.0047 334,100 CommPref 5,932
<br /> 20.031.21.24.0048 38,500 Comm 770
<br /> Base Assessed Value 758,700
<br /> Base Tax Capacity 13,674
<br /> ESTIMATED PROJECT TAX CAPACITY Pay Pay Pay Pay Pay Pay Pay Pay Pay Pay Pay Pay
<br /> 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
<br /> CCMMMW Restaurant Facility Stan Aon 09 Completed Dec 09
<br /> 8,700 sq ft 230 2,000,000 2,000,000 2,020,000 2,040,200 2,060,602 2.061,208 2,102,020 2,123,040 2,144,271 2,165,713 2,187,371 2,209,244
<br /> TC Rate: k1dP 39,250 39,250 39,650 40,054 40.462 40,874 41,290 41,711 42,135 42,564 42,997 43,435
<br /> Total Project Assessed Value 2,000,000 0 2,000,000 2,020,000 2,040,200 2,060,602 2,081,208 2,102,020 2,123,040 2.144,271 2,165,713 2,187,371 2,209.244
<br /> Total Project Tax Capacity(Annual) 39,250 0 39,250 39,65D 40,054 40,462 40,874 41,290 41,711 42,135 42,564 42,997 43,435
<br /> Less: Less: Retained Times: Less: County Less:Admird TI TI
<br /> P(0)W Project Base Fiscal Captured Local Annual State Aud. Annual Pooling Annual Cumulative Present Cumulative No.
<br /> Period Assessed Tax Net Tax Disp.a Net Tax Tax Rate Gross Deduction Net Retainage Na" Available Value Present of TI
<br /> Ending Value Capacity Capacity 0.000% Capacity 0,80274 TI 0.36% TI 10.00% TI T r 6.00% Value Pmt
<br /> (1) (2) (3) (4) (5) (6) (7) (a) (9) (10) (11) (12) (13) (14) (15) (16)
<br /> 0.0 12/31/09
<br /> 1.0 QW/10
<br /> 2.0 12731/11 2,000,000 39,250 13,674 25,576 0.8027 20,531 74 20,457 2,046 18,411 18,411 16,386 16.386 1.0
<br /> 3.0 12131/12 2,020,000 39,650 13,674 25,976 0.8027 20,852 75 20.777 2,078 18,699 37,110 15,700 32,086 2.0
<br /> 4.0 12131/13 2,040,200 40,054 13,674 26,380 0.8027 21,176 76 21.100 2,110 18,990 66,101 15.042 47,128 3.0
<br /> 5.0 12/31/14 2,060,602 40,462 13,674 26,788 0.8027 21,504 77 21,426 2,143 19,284 75,384 14,410 61,538 4.0
<br /> 6.0 12!31115 2,081,208 40,874 13,674 27,200 0,8027 21,835 79 21,756 2,176 19,580 94,965 13,803 75,341 5.0
<br /> 7.0 12!31716 2,102,020 41,290 13,674 27,616 0.8027 22,169 80 22,089 2,209 19,880 114,845 13,221 88.563 6.0
<br /> 8.0 12+31/17 2,123,040 41,711 13,674 28,D37 0.8027 22,506 81 22,425 2.243 20,183 135,028 12,663 101,226 7.0
<br /> 9.0 12131118 2,144,271 42,135 13,674 28,461 0.8027 22,847 82 22,765 2,276 20,488 155,516 12,127 113,353 8.0
<br /> 10.0 1213U19 2,165,713 42,564 13.674 28,890 0.8027 23,191 83 23,106 2,311 20,797 176,313 11,613 124,966 9.0
<br /> 11.0 12/31/20 2,187,371 42,997 13,674 29,323 0.8D27 23,539 85 23,454 2,345 21,109 197,422 11,120 136,086 10.0
<br /> 12.0 128121 2,209,244 43,435 13,674 29,761 0.8027 23,890 66 23,804 2,380 21,424 218,846 10,647 146,733 11.0
<br /> 13.0 1213122 2231,337 43,677 13,674 30,203 0.8027 24,245 87 24,158 2.416 21,742 240,588 10,193 156,926 12.0
<br /> 14.0 1213123 2,253,650 44,323 13,874 30,649 0.8027 24,603 89 24,515 2,451 22,063 262,651 9.759 166,685 13.0
<br /> 15.0 1213124 2,276,187 44,774 13,674 31,100 0.8027 24,965 90 24,875 2,486 22,388 285,038 9,342 176,026 14.0
<br /> 16.0 1213125 2,298,948 45,229 13,674 31,555 0.8027 25,330 91 25,239 2.524 22,715 307,754 8,942 184,968 15.0
<br /> 17.0 12131/26 2,321,938 45,689 13,674 32,015 0.8027 25,700 93 25,607 2,561 23,046 330,800 8.559 193,527 16.0
<br /> 18.0 12/31127 2,345,157 46,153 13,674 32,479 0.8027 26,072 94 25,978 2,598 23,381 354,181 8,191 201,718 17.0
<br /> 19.0 1213128 2,368,609 46,622 13,674 32,948 0.8027 26,449 95 26.354 2.635 23,718 377,x99 7,839 209,557 18.0
<br /> 20.0 12/31/29 2,392,295 47,096 13,674 33,422 0.8027 26,629 97 26,733 2,673 24,059 401,956 7,502 217,059 19.0
<br /> 21.0 1281130 2,416,218 47,574 13,674 33,900 0.8027 27,213 98 27,115 2,712 24,404 426,362 7,178 224,237 20.0
<br /> 22.0 12131/31 2,440.380 48,058 13,674 34,384 0.8027 27,601 99 27,502 2,750 24,752 451,113 6,869 231,106 21.0
<br /> 23.0 12/31132 2.464,784 48,546 13,674 34,872 0.8027 27,993 101 27,892 2,789 25,103 476,216 6,572 237,678 22.0
<br /> 24.0 12/31/33 2,469,432 49,039 13,674 35.365 0.8027 28,389 102 28,286 2,829 25,458 501,674 6,288 243.965 23.0
<br /> 25.0 12/31/34 2,514,326 49,537 13.674 35,863 0.8027 28,788 104 28,665 2,868 25,616 527,490 6,015 249,981 24,0
<br /> 26.0 1213185 2.539,469 50,039 13,674 36,365 0.8027 29,192 105 29,087 2,909 26,17a 553,668 5,754 255,735 25.0
<br /> 27.0 12/31/36 2,564,864 50,547 13,674 36,873 0.8027 29,600 107 29,493 21949 26,544 580,212 5.504 261,239 26.0
<br /> 647,009 2.329 644,680 64,468 580,212 281,239
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