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Assumptions Report <br />1 <br />City of Ramsey, Minnesota <br />Tax Increment Financing (Redevelopment) District No. 14 <br />The COR Project <br />Scenario 2 - Without FD <br />Type of Tax Increment Financing District <br />Maximum Duration of TIF District <br />Redevelopment <br />25 years from 1st increment <br />Projected Certification Request Date 06/30/11 <br />Decertification Date <br />Base Estimated Market Value <br />Exhibit IV <br />12/31/37 (26 Years of Increment) <br />2010/2011 <br />$85,278,600 <br />Original Net Tax Capacity $1,391,239 <br />Base Estimated Market Value <br />Increase in Estimated Market Value <br />Total Estimated Market Value <br />Total Net Tax Capacity <br />Assessment/Collection Year <br />2011/2012 2012/2013 2013/2014 2014/2015 <br />$86,639,997 $88,002,393 $89,972,551 $91,942,709 <br />15,982,624 31,965,249 49,815,112 67,664,975 <br />102, 622, 621 119,967,642 139, 787, 663 159,607,684 <br />$1,736,081 $1,902,559 $2,224,634 $2,428,157 <br />City of Ramsey 37.811% <br />Anoka County 35.189% <br />ISD #11 19.939% <br />Other 6.627% <br />Local Tax Capacity Rate 99.566% 2009/2010 <br />Fiscal Disparities Contribution From TIF District <br />Administrative Retainage Percent (maximum = 10%) <br />Pooling Percent <br />41.9115% <br />10.00% <br />0.00% <br />Bonds Note (Pav-As-You-Go) <br />Bonds. Dated 06/30/11 Note Dated 06/30/11 <br />Bond Issue Ca? 0.00% (NIC) $0 Note Rate 6.00% <br />Eligible Project Costs $0 Note Amount $61,282,863 <br />Present Value Date & Rate <br />06/30/11 6.00% <br />Notes <br />Assumptions include no future changes to the property tax system, class rates and tax rate. <br />The assumptions include the use of a 2% annual market value inflator starting in taxes payable 2018. <br />SPRINGSTED <br />