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Exhibit IV <br />Assumptions Report <br />City of Ramsey, Minnesota <br />Tax Increment Financing (Redevelopment) District No. 14 <br />The COR Project <br />Scenario 2 -Without FD <br />Type of Tax Increment Financing District Redevelopment <br />Maximum Duration of TIF District 25 years from 1st increment <br />Projected Certification Request Date <br />Decertification Date <br />06/30/11 <br />12/31/37 (26 Years of Increment) <br />2010/2011 <br />Base Estimated Market Value $68,067,900 <br />Original Net Tax Capacity $1,128,643 <br />Base Estimated Market Value <br />Increase in Estimated Market Value <br />Total Estimated Market Value <br />Total Net Tax Capacity <br />Assessment /Collection Year <br />2011/2012 2012/2013 2013/2014 2014/2015 <br />$69,430,297 <br />$70,792,693 <br />$72,762,851 <br />$74,733,009 <br />15, 385, 318 <br />30, 770, 635 <br />48, 023,192 <br />65, 275, 748 <br />84, 815, 614 <br />101, 563, 328 <br />120, 786, 043 <br />140, 008, 757 <br />$1,491,958 <br />$1,658,437 <br />$1,980,512 <br />$2,184,035 <br />City of Ramsey <br />37.811% <br />Anoka County <br />35.189% <br />ISD #11 <br />19.939% <br />Other <br />6.627% <br />Local Tax Capacity Rate 99.566% 2009/2010 <br />Fiscal Disparities Contribution From TIF District 41.9115% <br />Administrative Retainage Percent (maximum = 10 %) 10.00% <br />Pooling Percent 0.00% <br />Bonds Note (Pay -As- You -Go) <br />Bonds Dated 06/30/11 Note Dated 06/30/11 <br />Bond Issue @ 0.00% (NIC) $0 Note Rate 6.00% <br />Eligible Project Costs $0 Note Amount $60,703,400 <br />Present Value Date & Rate 06/30/11 6.00% <br />Notes <br />Assumptions include no future changes to the property tax system, class rates and tax rate. <br />The assumptions include the use of a 2% annual market value inflator starting in taxes payable 2018. <br />SPRINGSTED Page 24 <br />