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' Memorandum To: RyanlSchroeder, City Administrat~ From: Jame~ Gromberg, Project Manage~/ Date: Sept~rnber 2, 1994 I. Subject: TIF ~rojections for Detail Tool and Engineering, Inc. As you requeste4t, I have calculated the numbers for the Detail Tool and Engineering, Inc. facility to be located on Lot 1, Block 1, Gateway North Industrial Park Plat 4. Detail Tool arid L Site size Original value Office facility Manufacturing f~cility Tax generation r~te Tax generation r~ite Tax Rate preferr{d Fiscal Disparities[ Rate Engineering, Inc Facility: 2+ Acres $22,000 3,500 square feet 9,500 square feet $50.55 per square foot of office $31.46 per square foot of manufacturing 3 % on $100,000 4.7% on remaining value 36.9956% Tax value genera :ed $ 176,925.00 - Office $ 298,870.00 - Manufacturing $ 22,500.00 Land Total tax value $ 498,295.00 Listed below are}the projections for this project. Please review these projections and make any required changes}. Total Estimated ~alue $ 498,295 Total Tax Capacity $ 21,720 Original Tax Capacity $ 1,035 Fiscal Disparitie~ Contribution $ 8,035 Captured Tax C~acity $ 12,649 Local Tax Rate 0993/94) 1.09593 Projected Taxln~rement $ 13,863 Total Increment [l 998-2012 [ Office sp~ce 2,400 square feet per REC WarehouSe space 7,000 square feet per unit Total REC $ 207,944 1.46 REC 1.36 REC . 2.82 w^c O151,250 $ .3,750 SAC @ ~800 $ ' 2,400 SAC Hafldling fee @ $150 $ 450 Total C~arges $ 6,600 Sewer trunk charge @ $2,563 per acre $ 5,126.00 Water T~nk charge @ $5,704 per acre $ 11,408.00 Total S}rvice Availability Charges $ 16,534.00