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Exhibit VI
<br />Proiected Tax Increment Report
<br />City of Ramsey, Minnesota
<br />Tax Increment Financing (Redevelopment) District No. 14
<br />The COR Project
<br />Scenario 2 - Without FD
<br />Annual
<br />Period
<br />Ending
<br />1
<br />Total
<br />Net Tax
<br />Capacity
<br />2
<br />Less:
<br />Original
<br />Net Tax
<br />Capacity
<br />3
<br />Less:
<br />Fiscal
<br />Disp. @
<br />0.0000%
<br />4
<br />Retained
<br />Captured
<br />Net Tax
<br />Capacity
<br />5
<br />Times:
<br />Tax
<br />Capacity
<br />Rate
<br />6
<br />Annual
<br />Gross Tax
<br />Increment
<br />7)
<br />Less:
<br />State Aud, .
<br />Deduction
<br />0.360%
<br />(8 )
<br />Less:
<br />Admin.
<br />Retainage
<br />10.00%
<br />(9
<br />12/31111
<br />1,128,643
<br />1,128,643
<br />1,634,246
<br />0 0
<br />99.566%
<br />0
<br />0
<br />0
<br />12/31/12
<br />1,491,958
<br />1,147,116
<br />2,413,640
<br />0 344,842
<br />99.566%
<br />343,345
<br />1,236
<br />34,211
<br />12/31/13
<br />1,658,437
<br />1,165,590
<br />7,800,600
<br />0 492,846
<br />99.566%
<br />490,707
<br />1,767
<br />48,894
<br />12/31/14
<br />1,980
<br />1,195,920
<br />3,238,773
<br />0 784,592
<br />99.566%
<br />781,187
<br />2,812
<br />77,838
<br />12/31/15
<br />2,184,035
<br />1,226,249
<br />10,540,273
<br />0 957,786
<br />99.566%
<br />953,629
<br />3,433
<br />95,020
<br />12/31/16
<br />3,139,660
<br />1,309,326
<br />0
<br />0 1,830
<br />99.566%
<br />1,822,390
<br />6,561
<br />181,583
<br />12/31/17
<br />3,567,802
<br />1,392,404
<br />0 2,175,398
<br />99.566%
<br />2,165,957
<br />7,797
<br />215,816
<br />12/31/18
<br />4,444,004
<br />1,475,481
<br />0 2,968,523
<br />99.566%
<br />2,955,640
<br />10,640
<br />294,500
<br />12/31/19
<br />5,351,168
<br />1,558,559
<br />0 3,792,609
<br />99.566%
<br />3,776,149
<br />13,594
<br />376,256
<br />12/31/20
<br />6,276,475
<br />1,641,636
<br />0 4,634,839
<br />99.566%
<br />4,614,724
<br />16,613
<br />459,811
<br />12/31/21
<br />7,220,288
<br />1,724,713
<br />0 5,495,575
<br />99.566%
<br />5,471.,724
<br />19,698
<br />545,203
<br />12/31/22
<br />8,081,730
<br />1,789,317
<br />0 6,292,413
<br />99.566%
<br />6,265,104
<br />22,554
<br />624,255
<br />12/31/23
<br />8,960,400
<br />1,853,920
<br />0 7,106,479
<br />99.566%
<br />7,075,637
<br />25,472
<br />705,017
<br />12/31/24
<br />9,819,599
<br />1,906,669
<br />0 7,912,930
<br />99.566%
<br />7,878,588
<br />28,363
<br />785,023
<br />12/31/25
<br />10,695,982
<br />1,959,417
<br />0 8,736,565
<br />99.566%
<br />8,698,648
<br />31,315
<br />866,733
<br />12/31/26
<br />11,365,273
<br />1,959,417
<br />0 9,405,856
<br />99.566%
<br />9,365,035
<br />33,714
<br />933,132
<br />12/31/27
<br />11,982,720
<br />1,959,417
<br />0 10,023,303
<br />99.566%
<br />9,979,802
<br />35,927
<br />994,388
<br />12/31/28
<br />12,222,374
<br />1,959,417
<br />0 10,262,957
<br />99.566%
<br />10,218,416
<br />36,786
<br />1,018,163
<br />12/31/29
<br />12,466,822
<br />1,959,417
<br />0 10,507,405
<br />99.566%
<br />10,461,803
<br />37,662
<br />1,042,414
<br />12/31/30
<br />12,716,158
<br />1,959,417
<br />0 10,756,741
<br />99.566%
<br />10,710,057
<br />38,556
<br />1,067,150
<br />12/31/31
<br />12,970,481
<br />1,959,417
<br />0 11,011,064
<br />99.566%
<br />10,963,276
<br />39,468
<br />1,092,381
<br />12/31/32
<br />13,229,891
<br />1,959,417
<br />0 11,270,474
<br />99.566%
<br />11,221,560
<br />40,398
<br />1,118,116
<br />12/31/33
<br />13,494,489
<br />1,959,417
<br />0 11,535,072
<br />99.566%
<br />11,485,010
<br />41,346
<br />1,144,366
<br />12/31/34
<br />13,764,379
<br />1,959,417
<br />0 11,804,961
<br />99.566%
<br />11,753,728
<br />42,313
<br />1,171,142
<br />12/31/35
<br />14,039,666
<br />1,959,417
<br />0 12,080,249
<br />99.566%
<br />12,027,821
<br />43,300
<br />1,198,452
<br />12/31/36
<br />14,320,459
<br />1,959,417
<br />0 12,361,042
<br />99.566%1
<br />12,307,395
<br />44,307
<br />1,226,309
<br />12/31/37
<br />14,606,869
<br />1,959,417
<br />0 12,647,452
<br />99.566%1
<br />12,592,562
<br />45,333
<br />1,254,723
<br />12/31/38
<br />0
<br />0
<br />0 0
<br />99.566%1
<br />0
<br />0
<br />0
<br />12/31/39
<br />0
<br />0
<br />0 0
<br />99.566%
<br />0
<br />0
<br />0
<br />$186,379,8941 $670,965 $18,570,896
<br />Annual
<br />Net
<br />Revenue
<br />10
<br />P.V.
<br />Annual
<br />Net Rev. To
<br />06/30/11
<br />6.00%
<br />0
<br />0
<br />307,898
<br />286,223
<br />440,046
<br />385,913
<br />700,537
<br />579,584
<br />855,176
<br />667,475
<br />1,634,246
<br />1,203,348
<br />1,942,344
<br />1,349,255
<br />2,650,500
<br />1,736,961
<br />3,386,299
<br />2,093,542
<br />4,138,300
<br />2,413,640
<br />4,906,823
<br />2,699,883
<br />5,618,295
<br />2,916,374
<br />6,345,148
<br />3,107,239
<br />7,065,202
<br />3,264,011
<br />7,800,600
<br />3,399,767
<br />8,398,189
<br />3,453,034
<br />8,949,487
<br />3,471,423
<br />9,163,467
<br />3,353,230
<br />9,381,727
<br />3,238,773
<br />9,604,351
<br />3,127,950
<br />9,831,427
<br />3,020,665
<br />10,063,046
<br />2,916,819
<br />10,299,298
<br />2,816,319
<br />10,540,273
<br />2,719,069
<br />10,786,069
<br />2,624,978
<br />11,036,779
<br />2,533,955
<br />11,292,506
<br />2,445,913
<br />0
<br />0
<br />0
<br />0
<br />$167,138,033
<br />$61,825,343
<br />SPRINGSTED Page 25
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