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TABLE 2 <br />Summary of Financing <br /> <br />shown below in Table 3: <br /> <br /> TABLE 3 <br />Estimated Tax Increases <br />Rum River Drainage District <br /> <br />Estimated Increase in Tax Capacity Rate <br />Increase in Taxes, $100,000 Residential Home <br />Increase in Taxes, $100,000 Commercial Property <br /> <br />Project Schedule: <br /> <br />The following project schedule will be implemented with this project: <br /> <br />City ~ouncil receives Feasibility Study, sets Public Hearing <br />City Council conducts Public Hearing <br />City 'Council approves plans and specifications, orders work <br />Proj~t consmmtion <br />Tax Certified to Anoka County <br />Tax appears on property-tax statement <br /> <br />February 28, 1995 <br />March 14, 1995 <br />March 14, 1995 <br />March - June, 1995' <br />Fall, 1995 <br />Spring, 1996 <br /> <br />* ~ The March construction date assumes permission to enter onto necessary lands will be <br />granted and the later date assumes eminent domain will be required. <br /> <br />/jkl <br /> <br /> ? <br /> <br /> £ <br /> <br /> 5; <br /> <br />.533% <br /> $7.49 <br />$27.46 <br /> <br />Total!Project Cost $27,950.00 <br />Cost :to be Levied Against Rum River Drainage District $28,206.21 <br />Len~ of Assessment 1 year <br />Interest Rate 11% <br />To'Tax Capacity of District $5,296,843.00 <br />Cost per Year $28,206.21 <br />Additional Tax Capacity Rate .533% <br /> <br />Based upon the additional tax capacity rate of .533%, we have estimated the additional taxes in <br />199~for residential and commercial property with market values of $100,000. These costs are <br /> <br /> <br />