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Assumptions Report <br />Exhibit IV <br />1 <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 <br />Maximum Duration of TIF District <br />Projected Certification Request Date <br />Decertification Date <br />Base Estimated Market Value <br />Original Net Tax Capacity <br />Base Estimated Market Value <br />Increase in Estimated Market Val,`u"e`'' <br />Total Estimated Market Value' <br />(Igur1'le <br />Total Net Tax Capacity <br />City of Ramsey; <br />Anoka CcittIV <br />ISD <br />Other <br />Ii <br />Local Tax Capa'tpi,ty Rate <br />Redevelopment <br />25 years from lst increment <br />i iy'itY <br />1e./31l37'„T'1(26 Years of Increment) <br />.42010/2011 <br />$.68,067,900 <br />n <br />0"11/20T2'liti. <br />1;t tp <br />$69Y430,297yir <br />15;380.1$' <br />84,81541(4 <br />$1,491,95t31, <br />14.k I1:9 . *vs <br />Fiscal Disparities Contrib9Vution Fntgri iF District <br />Administrative RetainagOe, ercelnf.(maximum = 10%) <br />Pooling Percent <br />Bonds <br />Bonds Dated <br />Bond Issue @ 0.00% (NIC) <br />Eligible Project Costs <br />Present Value Date & Rate <br />u s. <br />06/30/11 <br />$0 <br />$0 <br />IS:1 =128,643 <br />1iV^.9 <br />Assessment/Collection Year <br />l2012f2013i/I r*., 2013/2014 <br />7079,ai,693 <br />30,77Q;635 <br />$72,762,851 <br />48,023,192 <br />101,563,328 120,786,043 <br />$1,658,437 $1,980,512 <br />37.811% <br />35.189% <br />19.939% <br />6.627% <br />99.566% 2009/2010 <br />41.9115% <br />10.00% <br />0.00% <br />Note (Pav-As-You-Gol <br />Note Dated 06/30/11 <br />Note Rate 6.00% <br />Note Amount $60,703,400 <br />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 />2014/2015 <br />$74,733,009 <br />65,275,748 <br />140,008,757 <br />$2,184,035 • <br />44 <br />SPRINGSTED Page 24 <br />