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Sclr <br /> City of Hugo,Minnesota <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 2006 <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 4 Assessed Value Rate Capacity <br /> 20.031.21.24.0044 11,700 Comm 234 <br /> 20.031.21.24.0045 94,700 CommPref 1,421 <br /> 20.031.21,24.0046 115,200 Comm 2,304 <br /> 20.031.21.24.OD47 334,100 CommPref 5,932 <br /> 20.031.21.24.0046 36.500 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 <br /> 2010 2011 2012 2013 2014 2015 2016 201; 2018 2019 _ <br /> Commercial Restaurant Facility Stan Aor 09 Completed Dec 09 <br /> 8,700 sgttQ 263 2200,000 2,200,000 2.222,000 2.244,220 2,266,662 2,289,329 2,312,222 2.335,3x• 2,358,5S'c 2,382,285 <br /> TC Rale: IndP 43,250 43.250 43,690 44,134 44,583 45,037 45,494 45,E:7 46,4::• 46,896 <br /> Total Project Assessed Value 2,200.000 0 2,200,OD0 2,222,000 2,244,220 2,266,662 2.289,329 2.312.222 2,355,: 2,358,6+1: 2,382.285 <br /> Total Project Tax Capacity(Annual) 43,250 0 43,250 43,690 44,134 44,583 45,037 45,494 45.0 i 46.4:!. 46,896 <br /> Less: Less: Retained Times: Less: County Less:Admini TI <br /> Project Project Base Fiscal Captured Local Annual State Aud. Annual Pooling Annual Cumu!etivz Present Cum,: <br /> Period Assessed Tax Net Tax Disp.Q Net Tax Tax Rate Gross Deduction Net Retainage Ne: Available Value P:e<: :; <br /> Ending Value Capacity Capacity 0.0001A Capacity 0,80274 TI 0.36% TI 10.00% 71 T! 6.00% Val.. <br /> (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (1 2) (13) (14) <br /> 0.0 121`31/09 <br /> 1.0 12131/10 <br /> 2.0 12131111 2,200,000 43.250 10,661 32,590 0.8027 26,161 94 26,067 2,607 23,46: 23,4x1 20,879 <br /> 3.0 12131112 2,222,000 43,690 10,661 33,030 0.8027 26,514 95 26.41.9 2,642 ,771. 47.2:• 19,963 <br /> 4.0 12131/13 2,244,220 44,134 10,661 33,474 0.8027 26,871 97 26,774 2,677 24,C5/ 71,3:> 19,087 <br /> 5.0 12131/14 2,266,662 44,583 10,661 33,923 0.8027 27,231 98 27,133 2,713 24,42 95,7:*• 18,248 <br /> 6.0 12/31/15 2,269,329 45,037 %661 34,376 0.8027 27,595 99 27,496 2,750 24,749- 12C./Il. 17,445 y1.i :3 <br /> 7.0 72131118 2,312222 45,494 70,861 34,834 0.8027 27,963 101 27.862 2.785 25,0'61.45,5' 16,677 S <br /> 8.0 12131117 2,335,344 45,957 10,661 35,296 0.8027 28,334 102 28,232 2,823 25,40 170,5 i 15,942 "2&,:411 <br /> 9.0 12!31!78 2,358,698 46,424 10,661 - 35,763 0.8027 28,709 103 28,605 2.861 25,74c 196.1-' 15,238 '4Z;.-: <br /> 10.0 12!31119 2,382,285 46,896 10,661 36,235 0.8027 29,067 105 28,983 2,898 26.0'(,4 222.1.1; 14,565 S f::•:5 7 <br /> 11.0 12/31/20 2,406,108 47,372 10,661 - 36,712 0.8027 29,470 106 29,364 2,936 26.427 249: 13,922 171, 1x" l <br /> 12.0 1213121 2,430,169 47,853 10,661 37,193 0.8027 29,856 107 29,749 2,975 26,724 275.:% 13,306 185,2''2 ) <br /> 13.0 1213122 2,454,470 48,339 10,661 37,679 0,8027 30.246 109 30,137 3.014 27,12, 30 .' 12,717 197,4i65 ) <br /> 14.0 12/3123 2,479,015 48,830 10,661 38,170 0.8027 30,640 110 30.530 3,053 27,47 - 12,153 210,142 :) <br /> 15.0 1213124 2,503,605 49,325 10,661 38,666 0.8027 31,038 112 30,927 3,093 27,83, b E•.= 11,614 221,756 0 <br /> 16.0 12f3125 2,528,843 49,827 10.661 39,166 0.8027 31,440 113 31,327 3,133 28,,ii5 5c°•.'. 11,099 232,855 J <br /> 17.0 1213126 2,554,132 50,333 10,661 - 39,672 0.8027 31,846 115 $1,732 3,173 28,555; 10,606 243,461 0 <br /> 18.0 1213127 2,579.673 50,843 10,661 - 40,183 0.8027 32,256 Its 32,140 3.214 7.8,5:?6 `•/r. 10,134 253,595 J <br /> 19.0 1213128 2,605,470 51,359 10,661 40,699 0.6027 32,671 118 32,553 3,255 29,298 9.683 263,278 J <br /> 20.0 1213129 2.631,524 SIAM 10,661 41,220 0.8027 33,089 119 32,970 3,297 29.61"; 9,252 272,530 J <br /> 21.0 12131130 2,657,840 52,407 10,651 - 41,746 0.8027 33,511 121 33,391 3,339 30,05:? 8,840 281.370 0 <br /> 22.0 1201131 2,664,418 52,938 10,651 42,278 0.8027 33,938 122 33,816 3,392 30,4Y: -3::i 8,446 289,616 0 <br /> 23.0 12/31f32 2,711,262 53,475 10,661 42.815 0.8027 34,369 124 34,245 3.425 30,82: 8,069 297,864 0 <br /> 24.0 12/31/33 2,738,375 54,017 10,661 43,357 0.8027 34,804 125 34,679 3.468 31,21; 7,708 305,593 0 <br /> 25.0 12131134 2,765,759 54,565 10,661 43,905 0.8027 35,244 127 35,117 3,512 31,635 7,364 312,957 0 <br /> 26.0 12131/35 2,793,416 55,118 10,661 44,458 0.8027 35,688 128 35.560 3.555 32,004 7,035 319,992 0 <br /> 27.0 12131/36 2,821,350 55,677 10,661 45.017 0.8027 36,137 130 36,006 3.501 32,403 6.720 326,712 0 <br /> 804.711 2,897 801,814 80,1?1 721,632 1 326,712 <br />