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April 25, 1994 <br /> <br />COUNTY OF ANOKA <br /> Office of the CourtO' Axse,~'.~'or <br /> Government Center <br /> 2100 3rd Avenue, Anoka, Minnesota 55303-2281 <br /> 612-323-5475 Fax: 612-323-5421 <br /> <br />James D. Gromberg <br />Economic Development Coordinator <br />City of Ramsey <br />15153 Nowthen Blvd. <br />Ramsey, MN 55303 <br /> <br />RE: Value and tax estimates for a potential multi-tenant office/warehouse facility <br /> on PIN # 35-32-25-22-0003 <br /> <br />Dear Mr. Gromberg: <br /> <br />Below please find the estimated market values and taxes for the above referenced <br />property. Each of these estimates are for the total property, upon the completion of <br />each phase. <br /> <br />Estimated Market Value <br /> <br />Estimated Tax <br /> <br />Phase I $ 440,200 $22,058.07 <br />Phase 2 $ 833,100 $43,456.53 <br />Phase 3 $1,384,300 $73,461.18 <br /> <br />Please keep in mind that these are only estimates, and were based on a construction <br />statement and a site plan alone as building plans and specifications are not available at <br />this time. Because of this, I have made several assumptions about the construction and <br />quality of this building. Should any of these assumptions prove to be wrong when the <br />building is actually built, the estimated market value would change. The real estate <br />market is always subject to inflation and/or deflation, which could also impact these <br />estimated market values before the project is completed. <br /> <br />When calculating the tax estimates herein, I used the current statutory ta~ rates, fiscal <br />disparities ratio, area wide tax rate and local tax rate. These are all subject to change <br />every year. <br /> <br />If you should have any further questions, please feel free to contact me at 323-5489. <br /> <br />Diana Stellmach <br />Commercial Appraiser <br /> <br />DS/bk <br />dsgromberg,4.94 <br /> <br />Affirmative Action / Equal Opportunity Employer <br /> <br /> <br />