|
Private Development - Within COR Area
<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 />City of Ramsey
<br />October 20, 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 />14,227,400 52,758,400
<br />Private Commercial Portion (Within COR Area)
<br />Base Market Value
<br />Land Building Total
<br />8,314,100 5,913,300 14,227,400
<br />Post Development Market Value
<br />Land Building Total
<br />8,314,100 44, 444, 300 52,758, 400
<br />Base Tax Capacity
<br />Total
<br />278,373
<br />Post Dev Tax Cap.
<br />Total
<br />1,048,993
<br />1 38,531,000 Growth 770,620
<br />Build -Out Schedule: 15 Years, starting with construction in 2010
<br />Year Base TC Total TC Incremental Growth
<br />1 - 2012 278,373 329,748 51,375
<br />2 - 2013 278,373 381,122 102,749
<br />3 - 2014 278,373 432,497 154,124
<br />4 - 2015 278,373 483,872 205,499
<br />5 - 2016 278,373 535,246 256,873
<br />6 - 2017 278,373 586,621 308,248
<br />7 - 2018 278,373 649,728 371,355
<br />8 - 2019 278,373 714,097 435,724
<br />9 - 2020 278,373 779,754 501,381
<br />10 - 2021 278,373 846,724 568,351
<br />11 - 2022 278,373 915,033 636,660
<br />12 - 2023 278,373 984,708 706,335
<br />13 - 2024 278,373 1,055,777 777,404
<br />14 - 2025 278,373 1,128,267 849,894
<br />15 - 2026 278,373 1,202,207 923,834
<br />16 - 2027 278,373 1,226,251 947,878
<br />17 - 2028 278,373 1,250,776 972,403
<br />18 - 2029 278,373 1,275,792 997,419
<br />19 - 2030 278,373 1.301,308 1,022,935
<br />20 - 2031 278,373 1,327,334 1,048,961
<br />21 - 2032 278,373 1,353,881 1,075,508
<br />22 - 2033 278,373 1,380,958 1,102,585
<br />23 - 2034 278,373 1,408,577 1,130,204
<br />24 - 2035 278,373 1,436,749 1,158,376
<br />25 - 2036 278,373 1,465,484 1,187,111
<br />26 - 2037 278,373 1,494,794 1,216,421
<br />
|