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City of Ramsey
<br />October 20, 2010
<br />Page 4
<br />Private Commercial Development - Outside of COR Areas (TIF Areas A, B, C, D & E):
<br />For the preliminary projections consisting of private commercial development outside COR areas, we utilized the
<br />value assumptions provided by the City, in addition to information provided by Anoka County for the base value
<br />information. We assumed a 10 -year build -out period with construction starting in 2016. The charts below show the
<br />valuation assumptions along with the current base values, the projected growth values, and the projections for future
<br />Tax Capacity.
<br />*The post development value assumptions were prepared using value /square foot information provided by City Staff,
<br />including the use of a 2% annual market value inflator starting in 2018.
<br />A Acquired and added to The CoR
<br />B NW quad of new Armstrong Overpass
<br />C 600' Strip south of 10
<br />D Church Parcel
<br />E Diamonds Parcel
<br />Private Commercial Portion (TIF Areas A, B, C, D, E)
<br />Base Market Value
<br />Land Building Total
<br />21,363,200 14,106,000 35,469,200
<br />Post Development Market Value
<br />Land Building Total
<br />73,842,912 155,009,088 228,852,000
<br />15.00 $ 5,227,200 $ 16,200,000 $
<br />60.40 $ 21, 048,192 $ 65, 232, 000 $
<br />64.30 $ 22,407,264 $ 69,444,000 $
<br />32.00 $ 11,151, 360 $ 34, 560, 000 $
<br />40.20 $ 14,008,896 $ 43,416,000 $
<br />211.90 $ 73,842,912 $ 228,852,000 $
<br />193,382,800
<br />Growth
<br />Base Tax Capacity
<br />Total
<br />671,877
<br />Post Dev Tax Cap.
<br />Total
<br />4,573,290
<br />3,901,414
<br />Build -Out Schedule: 10 - years, starting with construction in 2016
<br />Year Base TC Total TC Incremental Growth
<br />1 - 2012 671,877 671,877 0
<br />2-2013 671,877 671,877 0
<br />3-2014 671,877 671,877 0
<br />4-2015 671,877 671,877 0
<br />5-2016 671,877 671,877 0
<br />6-2017 671,877 671,877 0
<br />7 - 2018 671,877 1,062,018 390,141
<br />8 - 2019 671,877 1,473,400 801,523
<br />9 - 2020 671,877 1,893,009 1,221,132
<br />10 - 2021 671,877 2,321,010 1,649,134
<br />11 - 2022 671,877 2,757,572 2,085,695
<br />12 - 2023 671,877 3,202,865 2,530,988
<br />13 - 2024 671,877 3,657,063 2,985,187
<br />14 - 2025 671,877 4,120,346 3,448,470
<br />15 - 2026 671,877 4,592,894 3,921,018
<br />16 - 2027 671,877 5,074,894 4,403,017
<br />17 - 2028 671,877 5,176,391 4,504,515
<br />18 - 2029 671,877 5,279,919 4,608,043
<br />19 - 2030 671,877 5,385,518 4,713,641
<br />20 - 2031 671,877 5,493,228 4,821,351
<br />21 -2032 671,877 5,603,093 4,931,216
<br />22 - 2033 671,877 5,715,154 5,043,278
<br />23 - 2034 671,877 5,829,457 5,157,581
<br />24-2035 671,877 5,946,047 5,274,170
<br />25 - 2036 671,877 6,064,968 5,393,091
<br />26 - 2037 671,877 6,186,267 5,514,390
<br />16,200,000
<br />65,232,000
<br />69,444,000
<br />34,560,000
<br />43,416,000
<br />228,852,000
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