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Scenario 2
<br /> City of Hugo,tdlnnesota
<br /> Carpenter's Steak House
<br /> Type of District Redevelopment
<br /> School District 624
<br /> Maximum 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 /> Peel Y Assessed Value Rate Capacity
<br /> 20.031.21.24.0044 11,700 Comm 234
<br /> 20.031.21.24.0045 54,700 CommPref 1.421
<br /> 20.03121.24,0046 115,200 Comm 2,304
<br /> 20.031.21.24.0047 334,100 CommPref 5,932
<br /> 20.03121.24.0048 38,500 Comm 770
<br /> Base Assessed Value 594,200
<br /> Base Tax Capacity 10,661
<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 /> Commercial Restaurjigt Facility Start Aor 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 2,081,208 2,102,020 2,123,040 2,144,271 2,165,713 2,187,371 2,209,244
<br /> TC Rate: IndP 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 39,650 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 /> Project Project Base Fiscal Captured Local Annual Slate Aud. Annual Pooling Annual Cumulative Present Cumulative No.
<br /> Period Assessed Tax Net Tax Disp.@ Net Tax Tax Rate Gross Deduction Net Retainage Net Available Value Present of TI
<br /> Ending Value Capacity Capacity 0.000% Capacity 0.80274 TI 0.36% Tt 10.00% TI T1 6.00% Value Pmt
<br /> (1) (2) (3) (4) (5) (6) (7) (6) (9) (10) (11) (12) (13) (14) (15) (16)
<br /> 0.0 12/31/08
<br /> 1.0 12/31/10
<br /> 2.0 1281/11 2,000,000 39,250 10,661 28,590 0.8027 22,950 83 22,867 2,287 20,581 20,581 18,317 18,317 1.0
<br /> 3.0 12x31/12 2,020,000 39,650 10,661 28,990 0.8027 23,271 S4 23,187 2,319 20.869 41,449 17,522 35,838 2.0
<br /> 4.0 12/31/13 2,040,200 40,054 10,661 29,394 0.8027 23,595 85 23,510 2,351 21,159 62.608 16,760 52,598 3.0
<br /> 5.0 12131114 2,060,602 40,462 10,661 29,802 0.8027 23,923 86 23,637 2,384 21,453 84,062 16,031 68,629 4.0
<br /> 6.0 12!31/15 2,081,208 40,874 10,661 30,214 0.8027 24,254 87 24,166 2,417 21,750 105,811 15.333 83,982 5.0
<br /> 7.0 12/31/16 2,102,020 41,290 10,661 30,630 0.8027 24,588 89 24,499 2,450 22,049 127,861 14,664 98,626 6.0
<br /> 8.0 12131/17 2,123,040 41,711 10,661 31,050 0.8027 24,925 90 24,836 2,484 22,352 M.213 14,024 112,650 7.0
<br /> 9.0 12/31/18 2,144,271 42,135 10,661 31,475 0.8027 25,266 91 25,175 2,518 22,658 172,870 13.411 126,061 8.0
<br /> 10.0 12/31/19 2,165,713 42,564 10,661 31,904 0.5027 25,610 92 25,518 2,552 22,968 195,837 12,824 138,8% 9.0
<br /> 11.0 12/31/20 2,187,371 42,997 10,661 - 32,337 0,8027 25.958 93 25,855 2,586 23,278 219,115 12.263 151,148 10,0
<br /> 12.0 12131/21 2,209,244 43,435 10,661 32,774 0.8027 26,309 95 26,215 2,621 23,593 242,708 11.725 162,873 11.0
<br /> 13.0 12/31/22 2,231,337 43,877 10,661 33,216 0.8027 26,664 96 26,568 2,657 23,911 266,619 11,211 174,084 12.0
<br /> 14.0 12/31/23 2,253,650 44,323 10,651 33,663 0.8027 27,022 97 26,925 2,692 24,232 290,852 10.718 184,802 13.0
<br /> 15.0 12/31/24 2,276,181 44,774 10,661 34.113 0.8027 27,384 99 27,265 2,729 24,557 315,409 10,247 195,049 14.0
<br /> 16.0 1281125 2,298,948 45,229 10,661 34,668 0.8027 27,749 100 27,650 2,765 24,885 340,293 9,796 204,844 15.0
<br /> 17.0 12/31126 2,321,938 45,689 10,661 35,028 0.8027 28.119 101 28,017 2,802 25,216 365.509 9,364 214,209 16.0
<br /> 18.0 12/31/27 2,345,157 46,153 10,661 35,493 0.8027 28,491 103 28,369 2,839 25,550 391,059 8,951 223,160 17.0
<br /> 19.0 12/31/28 2,368,609 46,622 10,661 35,962 0.8027 28,866 104 26,764 2,876 25,888 416,947 6,556 231,716 18.0
<br /> 20.0 12/31129 2,392,295 47,096 10,661 36,435 0.8027 29,248 105 29,143 2,914 26,229 443,175 8,178 239,894 19.0
<br /> 21.0 12/31/30 2,416,218 47,574 10,661 36,914 0.8027 29,632 107 29,526 2,953 26,573 469,748 7.617 247,711 20.0
<br /> 22.0 12131131 2,440,380 48,056 10,661 37,397 0.8027 30,020 108 29,912 2,991 26,921 496,669 7,471 255,1S1 21.0
<br /> 23.0 12131/32 2,464,784 48,546 10,661 37,885 0.8027 $0,412 109 30,302 3,030 27,272 523,941 7,140 262,321 22.0
<br /> 24.0 1281/33 2,489,432 49,039 10,661 38,378 0.8027 30,808 111 30,697 3,070 27,627 551,568 6,823 269,145 23.0
<br /> 25.0 12131/34 2,514,326 49,537 10,661 38,876 0.8027 31,207 112 31,095 3,109 27,985 579.554 6,521 275,665 24.0
<br /> 26.0 1213185 2,539,469 50,039 10,661 39,379 0.8027 31,611 114 31,497 3,150 28,347 607,901 6.231 281,896 25.0
<br /> 27.0 1281/36 2,564,864 50,547 10,661 39,887 0.8027 32,019 115 31,903 3.190 28,713 64614 5.954 287,850 26.0
<br /> 709,905 2,555 707,349 70,735 636,614 287,850
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