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IMPACT ON TAX RATES <br />Pay 2011 Percent Potential <br />Extension Rates of Total CTC Taxes <br />Anoka County 0.412840 37.39% 778,786 328,523 <br />City of Ramsey 0.398010 36.05% 778,786 309,965 <br />Anoka Hennepin ISD No. 11 0.239990 21.74 % 778,786 186,901 <br />Other 0.053290 4.82 % 778,786 41,502 <br />Total 1.10413 100.00% 866,891 <br />The estimates listed above display the captured tax capacity with all construction completed. <br />The tax rate used for calculations is the actual Pay 2011 rate. The total net capacity for the entities <br />listed above are based on final Pay 2011 figures. <br />1. It is estimated that the total amount of tax increment that will be generated over the <br />life of the District is $16,300,000; <br />2. There is no probable impact of the District on City provided services and ability to <br />issue debt <br />3. It is estimated that the amount of tax increments over the life of the District that <br />would be attributable to school district levies, assuming the school district's share of <br />the total local tax rate for all taxing jurisdictions remained the same is $3,543,620; <br />4. It is estimated that the amount of tax increments over the life of the District that <br />would be attributable to county district levies, assuming the county's share of the <br />total local tax rate for all taxing jurisdictions remained the same is $6,094,570; <br />5. No requests for additional information from the county or school district regarding <br />the proposed modification for this District were received. <br />W Annual Financial Report <br />Pursuant to Minnesota Statutes, Section 469.175, Subd. 6 of the TIF Act, the City must file an <br />annual financial report regarding TIF District No. 1. The report shall be filed by July 1 of each year with <br />the school board, the county board and the state auditor. The report to be filed by the City shall include the <br />following information: <br />1. The original tax capacity of TIF District No.1; <br />2. The captured assessed value of TIF District No.1, including the amount of any captured <br />assessed value shared with other taxing districts; <br />3. The outstanding principal amount of bonds issued or other loans incurred to finance <br />project costs in TIF District No.1; <br />City of Ramsey TIF District No. 1 Modification 2-10 <br />