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City of Ramsey
<br />October 19, 2010
<br />Page 3
<br />Private Commercial Development - Within COR Area
<br />Using the Anoka County property records system we identified the privately owned parcels within the COR area that
<br />are anticipated to include private commercial development. The projected future development assumptions,
<br />valuations and revenue projections for those parcels are included in the charts below. For this portion of the
<br />preliminary projections we assumed a 15 -year build -out period with construction starting in 2010.
<br />"The post development value assumptions were prepared using value /square foot information as provided by City
<br />Staff, and include a 2% annual market value inflator starting in 2018.
<br />Private Development - Within
<br />COR Area
<br />8,314,100
<br />5,913,300 14,227,400
<br />Post Development
<br />Post
<br />Value
<br />Parcel ID
<br />Parcel Size
<br />Base Value
<br />Develop. Value
<br />Calculation
<br />28- 32 -25 -41 -0007
<br />1.27
<br />460,900
<br />2,095,500
<br />SF /Acre Density of 15,000 and Value /SF of $110.
<br />28- 32 -25 -42 -0014
<br />4.18
<br />1,141,700
<br />6,897,000
<br />SF /Acre Density of 15,000 and Value /SF of $110.
<br />28- 32 -25 -42 -0015
<br />5.23
<br />1,430,900
<br />8,629,500
<br />SF /Acre Density of 15,000 and Value /SF of $110.
<br />28- 32 -25 -41 -0006
<br />1.23
<br />3,498,900
<br />2,029,500
<br />SF /Acre Density of 15,000 and Value /SF of $110.
<br />28- 32 -25 -42 -0020
<br />3.14
<br />3,542,900
<br />9,410,900
<br />Based on Current Bldg Value x 2 for additional build -out.
<br />28- 32 -25 -41 -0011
<br />9.98
<br />2,720,200
<br />16,467,000
<br />SF /Acre Density of 15,000 and Value /SF of $110.
<br />28- 32 -25 -41 -0012
<br />N/A
<br />35,000
<br />35,000
<br />No Future Growth projected.
<br />28- 32 -25 -41 -0014
<br />1.36
<br />1,058,600
<br />2,244,000
<br />SF /Acre Density of 15,000 and Value /SF of $110.
<br />28- 32 -25 -41 -0015
<br />3
<br />338,300
<br />4,950,000
<br />SF /Acre Density of 15,000 and Value /SF of $110.
<br />14,227,400 1 52,758,400
<br />to Commer
<br />irket Value
<br />Land
<br />Building Total
<br />8,314,100
<br />5,913,300 14,227,400
<br />Post Development
<br />Market Value
<br />Land
<br />Building Total
<br />8,314,100
<br />44, 444, 300 52,758, 400
<br />Total
<br />278,373
<br />Post Dev Tax Cap.
<br />Total
<br />1,048,993
<br />Build -Out Schedule:
<br />15 Years, starting
<br />with construction in 2010
<br />Year
<br />Base TC
<br />Total TC
<br />Incremental Growth
<br />1
<br />-2012
<br />278,373
<br />329,748
<br />51,375
<br />2-2013
<br />278,373
<br />381,122
<br />102,749
<br />3-2014
<br />278,373
<br />432,497
<br />154,124
<br />4-2015
<br />278,373
<br />483,872
<br />205,499
<br />5-2016
<br />278
<br />535,246
<br />256
<br />6-2017
<br />278,373
<br />586,621
<br />308
<br />7-2018
<br />278,373
<br />649,728
<br />371,355
<br />8-2019
<br />278,373
<br />714,097
<br />435,724
<br />9-2020
<br />278,373
<br />779,754
<br />501,381
<br />10-2021
<br />278,373
<br />846,724
<br />568,351
<br />11
<br />-2022
<br />278,373
<br />915,033
<br />636,660
<br />12-2023
<br />278,373
<br />984,708
<br />706,335
<br />13-2024
<br />278,373
<br />1,055,777
<br />777
<br />14-2025
<br />278,373
<br />1,128,267
<br />849,894
<br />15-2026
<br />278,373
<br />1,202,207
<br />923,834
<br />16-2027
<br />278,373
<br />1,226,251
<br />947
<br />17-2028
<br />278,373
<br />1,250,776
<br />972
<br />18-2029
<br />278,373
<br />1,275,792
<br />997,419
<br />19-2030
<br />278,373
<br />1.301,308
<br />1,022,935
<br />20-2031
<br />278,373
<br />1,327,334
<br />1,048,961
<br />21
<br />-2032
<br />278,373
<br />1,353,881
<br />1,075,508
<br />22-2033
<br />278,373
<br />1,380,958
<br />1,102,585
<br />23-2034
<br />278,373
<br />1,408,577
<br />1,130,204
<br />24-2035
<br />278,373
<br />1,436,749
<br />1,158,376
<br />25-2036
<br />278,373
<br />1,465,484
<br />1,187,111
<br />26-2037
<br />278,373
<br />1,494,794
<br />1,216,421
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