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Cost /Benefit: Annual Cash Flow
<br />VALUATION (market value)
<br />Data Center Building(s):
<br />Square Feet
<br />Valuation (per sq ft)
<br />Total Building Valuation
<br />Land:
<br />Northern Parcel $ 810,300.00
<br />Southern Parcel $ 540,000.00
<br />Total Land Valuation $ 1,350,300.00
<br />VALUATION (market value) $ 31,350,300.00
<br />REVENUE (taxes /city only)
<br />Tax Capacity Rate (commercial)
<br />First $150,000
<br />Sub total
<br />After $150,000
<br />Sub total
<br />Total Tax Capacity
<br />Tax Rate (Ramsey Only)
<br />NOTE: Estimate Does Not Include:
<br />Anoka County 45.45% 45.45%
<br />Anoka Hennipen I5D 11 26.75% 26.75%
<br />Special Taxing Districts 4.15% 4.15%
<br />Minnesota 53.00% 53.00%
<br />Fiscal Disparities (bottom ofpage * ) NA NA
<br />Estimated Total Tax Revenue
<br />$1,257,447.38 $936,212.44
<br />REVENUE (taxes /city only)
<br />EXPENSES (> residential development)
<br />Operating Expenses
<br />Increased Demand for Services (> residential development)
<br />Police
<br />Fire $
<br />Other $
<br />EXPENSES (> residential development)
<br />NET ANNUAL CASH FLOW (City)
<br />Concept 1
<br />One Data Center User
<br />$ 250,000.00
<br />$ 120.00
<br />$ 30,000,000.00
<br />$
<br />1.50%
<br />2,250.00
<br />2.00%
<br />624,006.00
<br />626,256.00
<br />44.19%
<br />276,742.53
<br />Concept2
<br />Two Data Center Users
<br />$ 200,000.00
<br />$ 120.00
<br />$ 24,000,000.00
<br />$ 810,300.00
<br />$ 540,000.00
<br />$ 1,350,300.00
<br />$ 276,742.53 $ 223,714.53
<br />VALUATION (market value)
<br />Single Family Homes
<br />Average Valuation of Land
<br />Average Valuation of Homes
<br />Average Valuation, before MVE
<br />(Market Value Exclusion)
<br />Average Valuation, after MVE
<br />Number of available lots
<br />Concept3
<br />Sing. Fam. Resd. Devel.
<br />$
<br />$
<br />$ 25,350,300.00 VALUATION (market value) $ 7,632,941.00
<br />1.50%
<br />$ 2,250.00
<br />2.00%
<br />$ 504,006.00
<br />$ 506,256.00
<br />44.19%
<br />$ 223,714.53
<br />REVENUE (taxes /city only)
<br />Tax Capacity Rate (residential)
<br />Total Tax Capacity
<br />Ramsey Tax Rate
<br />NOTE: Estimate Does Not Include:
<br />Anoka County
<br />Anoka Hennipen I5D 11
<br />Special Taxing Districts
<br />45.45%
<br />26.75%
<br />4.15%
<br />Estimated Total Tax Revenue $92,013.58
<br />REVENUE (taxes /city only)
<br />EXPENSES (> commercial development)
<br />Operating Expenses
<br />Snow Removal
<br />Street Sweeping
<br />Seal Coating ($10,600 /I2yr)
<br />Future Overlay ($64,000 /zoyr)
<br />Annual Operating Expenses
<br />Increased Demand for Services (> comma
<br />Police
<br />Fire
<br />Other
<br />EXPENSES (> commercial development)
<br />NET ANNUAL CASH FLOW (City)
<br />1.00%
<br />76,329.41
<br />44.19%
<br />1,000.00
<br />383.00
<br />883.00
<br />3,200.00
<br />D,4bb.UU
<br />rcial development)
<br />NA, likely higher
<br />NA, likely higher
<br />NA, likely higher
<br />Services Subtotal NA, likely higher
<br />30,000.00
<br />153,153.00
<br />183,153.00
<br />(20,750.00)
<br />162,403.00
<br />47.00
<br />33,729.97
<br />5,466.00
<br />28,263.97
<br />*Important Note: Commercial & Industrial taxes are effected by a program known as "fiscal disparities." This program takes a portion of taxes collected from each property in the
<br />metro, and places them into one pot. Then, said monies are redistributed by the State based on a complex formula. Ramsey typically is a beneficiary of this program. Therefore,
<br />the revenue number listed in the above estimate can change, depending on how the fiscal disparity number comes out. However, it is very likely Rasmey would recieve the provided
<br />tax revenue number.
<br />Cost /Benefit: Land
<br />Land Proceeds
<br />Land Value
<br />Expected Sale Price
<br />Total Land Proceeds
<br />Expenses
<br />Business Subsidy, Land Write Down
<br />Total Value of Subsidy
<br />Annual Pay Back Capacity
<br />Pay Back Period (years)
<br />Concept 1
<br />One Data Center User
<br />1,350,300.00
<br />$ 1,350,300.00
<br />276,742.53
<br />Concept 2
<br />Two Data Center Users
<br />1,350,300.00
<br />$ 1,350,300.00
<br />223,714.53
<br />Land Proceeds
<br />Land Value
<br />Expected Sale Price **
<br />Total Land Proceeds
<br />Expenses
<br />Business Subsidy, Land Write Down
<br />Total Value of Subsidy
<br />Annual Pay Back Capacity
<br />4.88 6.04 Pay Back Period (years)
<br />Concept3
<br />Sin.. Fam. Resd. Devel.
<br />1,350,300.00
<br />1,000,000.00
<br />1,000,000.00
<br />* *Given the state of the market, it would be challenging to sell this property for a residentail development. If the City could, it is very likely a developer would take the land down in portions (not all at
<br />once). Lastly, it is likely the City would not get an offer at the appraised value of this property.
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