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City of Ramsey, Minnesota
<br />Tax Increment Financing (Redevelopment) District No. 14
<br />The COR Project
<br />Tax Capacity Comparison
<br />'Assumes 3% annual tax capacity growth, and is based on gross tax capacity before TIF District reduction
<br />Under Option A - FD Outside
<br />of District
<br />Projected
<br />ed
<br />Existing TIF
<br />Projected TIF 14
<br />Total
<br />City Tax Capacity'
<br />oacity'
<br />Captured Tax Capacity %,
<br />Captured Tax Caoacity
<br />2011
<br />2011
<br />228
<br />3.799,536 15.0%
<br />0.0%
<br />15.0%
<br />2012
<br />478
<br />t609,830
<br />3,057.208 11.5%
<br />344.842 1.3%
<br />12.8%
<br />2013
<br />901
<br />2,915,341 10.6%
<br />492,846 1.8%
<br />12.3%
<br />2014
<br />589
<br />1,059,126 3.7%
<br />784,592 2.7%
<br />6.4%
<br />2015
<br />,104
<br />450,536 1.5%
<br />957,786 3.2%
<br />4.7%
<br />2016
<br />830
<br />408,684 1.3%
<br />1,830,334 5.8%
<br />7.1%
<br />2017
<br />32,925,937
<br />420,944 1.3%
<br />2,175,398 6.6%
<br />7.9%
<br />2018
<br />34,716,742
<br />433,572 1.2%
<br />2,968,523 8.6%
<br />9.8%
<br />2019
<br />36,565,947
<br />446,579 1.2%
<br />3,792,609 10.4%
<br />11.6%
<br />2020
<br />38,461,557
<br />459,977 1.2%
<br />4,634,839 12.1%
<br />13.2%
<br />2021
<br />40,404,782
<br />473,776 1.2%
<br />5,495,575 13.6%
<br />14.81
<br />2022
<br />42,295,617
<br />487,989 1.2%
<br />6,292,413 14.9%
<br />16.01
<br />2023
<br />44,234,564
<br />502,629 1.1%
<br />7,106,479 16.1%
<br />17.2%
<br />2024
<br />46,185,847
<br />517,708 1.1%
<br />7,912,930 17.1%
<br />18.3%
<br />2025
<br />48,187,076
<br />533,239 1.1%
<br />8,736,565 18.1%
<br />19.2%
<br />2026
<br />50,014,960
<br />549,236 1.1%
<br />9,405,856 18.8%
<br />19.9%
<br />2027
<br />51,825,756
<br />565,714 1.1%
<br />10,023,303 19.3%
<br />20.4%
<br />2028
<br />53,294,561
<br />582,685 1.1%
<br />10,262,957 19.3%
<br />20.41
<br />2029
<br />54,805,034
<br />48,604 0.1%
<br />10,507,405 19.2%
<br />19.31
<br />2030
<br />56,308,314
<br />0 0.0%
<br />10,756,741 19.1%
<br />19.1%
<br />2031
<br />57,904,261
<br />0 0.0%
<br />11,011,064 19.0%
<br />19.01
<br />2032
<br />59,545,543
<br />0 0.0%
<br />11,270,474 18.9%
<br />18.91
<br />2033
<br />61,233,470
<br />0 0.0%
<br />11 18.8%
<br />18.81
<br />2034
<br />62,969,388
<br />0 0.0%
<br />11,804,961 18.7%
<br />18.71
<br />2035
<br />64,754,686
<br />0 0.0%
<br />12,080,249 18.7%
<br />18.7%
<br />2036
<br />66,590,789
<br />0 0.0%
<br />12,361,042 18.6%
<br />18.61
<br />2037
<br />68,479,167
<br />0 0.0%
<br />1 12,647,452 18.5%
<br />1 18.51
<br />'Assumes 3% annual tax capacity growth, and is based on gross tax capacity before TIF District reduction
<br />Under Option B - FD from within District
<br />Projected
<br />Existing TIF
<br />Projected TIF 14
<br />Total
<br />City Tax Capacity'
<br />Captured Tax Capacity %
<br />Captured Tax Capacity
<br />2011
<br />25,384.228
<br />3,799.536 15.0%
<br />0.0%
<br />15.0%
<br />2012
<br />26.661,478
<br />3,057.208 11.5%
<br />279,407 1.0%
<br />12.5%
<br />2013
<br />27,616,901
<br />2,915,341 10.6%
<br />400,513 1.5%
<br />12.0%
<br />2014
<br />28,751,589
<br />1,059,126 3.7%
<br />605,117 2.1%
<br />5.8%
<br />2015
<br />29,792,104
<br />450,536 1.5%
<br />740,855 2.5%
<br />4.01
<br />2016
<br />31,609,830
<br />408,684 1.3%
<br />1,282,838 4.1%
<br />5.41
<br />2017
<br />32,925,937
<br />420,944 1.3%
<br />1,518,413 4.6%
<br />5.9%
<br />2018
<br />34,716,742
<br />433,572 1.2%
<br />2,021,378 5.8%
<br />7.11
<br />2019
<br />36,565,947
<br />446,579 1.2%
<br />2,543,261 7.0%
<br />8.21
<br />2020
<br />38,461,557
<br />459,977 1.2%
<br />3,076,635 8.0%
<br />9.21
<br />2021
<br />40,404,782
<br />473,776 1.2%
<br />3,621,729 9.0%
<br />10.1%
<br />2022
<br />42,295,617
<br />487,989 1.2%
<br />4,101,371 9.7%
<br />10.91
<br />2023
<br />44,234,564
<br />502,629 1.1%
<br />4,591,355 10.4%
<br />11.51
<br />2024
<br />46,185,847
<br />517,708 1.1%
<br />5,077,258 11.0%
<br />12.1%
<br />2025
<br />48,187,076
<br />533,239 1.1%
<br />5,573,492 11.6%
<br />12.71
<br />2026
<br />50,014,960
<br />549,236 1.1%
<br />5,980,426 12.0%
<br />13.11
<br />2027
<br />51,825,756
<br />565,714 1.1%
<br />6,351,800 12.3%
<br />13.3%
<br />2028
<br />53,294,561
<br />582,685 1.1%
<br />6,503,975 12.2%
<br />13.31
<br />2029
<br />54,805,034
<br />48,604 0.1%
<br />6,659,193 12.2%
<br />12.21
<br />2030
<br />56,308,314
<br />0 0.0%
<br />6,817,515 12.1%
<br />12.1%
<br />2031
<br />57,904,261
<br />0 0.0%
<br />6,979,004 12.1%
<br />12.11
<br />2032
<br />59,545,543
<br />0 0.0%
<br />7,143,723 12.0%
<br />12.01
<br />2033
<br />61,233,470
<br />0 0.0%
<br />7,311,736 11.9%
<br />11.9%
<br />2034
<br />62,969,388
<br />0 0.0%
<br />7,483,109 11.9%
<br />11.9%
<br />2035
<br />64,754,686
<br />0 0.0%
<br />7 11.8%
<br />11.81
<br />2036
<br />66,590,789
<br />0 0.0%
<br />7,836,206 11.8%
<br />11.8%
<br />2037
<br />68,479,167
<br />1 0 0.0%
<br />1 8,018,069 11.7%
<br />1 11.71
<br />'Assumes 3% annual tax capacity growth, and is based on gross tax capacity before TIF District reduction
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