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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
<br />Southern Parcel
<br />Total Land Valuation
<br />VALUATION (market value)
<br />Concept
<br />One Data Center User
<br />190,000.00
<br />120.00
<br />22,800,000.00
<br />810,300.00
<br />540,000.00
<br />1,350,300.00
<br />24,150,300.00
<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 />TOTAL TAXES
<br />Fiscal Disparities*
<br />Local (City/County/School)
<br />Other (State/Mkt. Val. Ref./etc.)
<br />City Taxes (share of 'Local')
<br />REVENUE (City Taxes Only)
<br />EXPENSES (> residential development)
<br />Operating Expenses
<br />1.50%
<br />2,250.00
<br />2.00%
<br />480,006.00
<br />482,256.00
<br />968,336.00
<br />306,816.00
<br />340,390.00
<br />321,130.00
<br />124,807.40
<br />124,807.40
<br />Increased Demand for Services (> residential development)
<br />Police $
<br />Fire $
<br />Other $
<br />$
<br />EXPENSES (> residential development)
<br />$
<br />NET ANNUAL CASH FLOW (City)
<br />$ 124,807.40
<br />Concept
<br />Two Data Center Users
<br />$ 180,000.00
<br />$ 120.00
<br />$ 21,600,000.00
<br />$ 810,300.00
<br />$ 540,000.00
<br />$ 1,350,300.00
<br />$ 22,950,300.00
<br />1.50%
<br />2,250.00
<br />2.00%
<br />456,006.00
<br />458,256.00
<br />920,150.00
<br />291,547.00
<br />323,450.00
<br />305,153.00
<br />118,596.18
<br />118,596.18
<br />118,596.18
<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 />VALUATION (market value)
<br />REVENUE (taxes/city only)
<br />Tax Capacity Rate (residential)
<br />Total Tax Capacity
<br />TOTAL TAXES
<br />Concept3
<br />Sing. Fam. Resd. Devel.
<br />30,000.00
<br />153,153.00
<br />183,153.00
<br />(20,750.00)
<br />162,403.00
<br />47.00
<br />$ 7,632,941.00
<br />1.00%
<br />76, 329.41
<br />City Taxes (44.19%) $
<br />92,013.00
<br />33,729.97
<br />REVENUE (City Taxes Only)
<br />33,729.97
<br />EXPENSES (> commercial development)
<br />Operating Expenses
<br />Snow Removal
<br />Street Sweeping
<br />Seal Coating ($to,600/12yr)
<br />Future Overlay ($64,0oo/2oyr)
<br />Annual Operating Expenses
<br />Increased Demand for Services (> comm
<br />Police
<br />Fire
<br />Other
<br />Services Subtotal
<br />1,000.00
<br />383.00
<br />883.00
<br />3,200.00
<br />5,466.00
<br />ercial development)
<br />NA, likely higher
<br />NA, likely higher
<br />NA, likely higher
<br />NA, likely higher
<br />EXPENSES (> commercial development)
<br />5,466.00
<br />NET ANNUAL CASH FLOW (City)
<br />28,263.97
<br />ustrial taxes are effected by a program known as "fiscal disparities." This program takes a portion of taxes collected from each property in the metro
<br />(about 40%), and places them into one pot. Then, said monies are redistributed by the State based on a complex formula. Ramsey typically is a beneficiary of this
<br />program. Meaning, the amount of money that is taken away from the City through fiscal disparities is returned (with additional monies).
<br />When issuing debt, cities are not allowed to include fiscal disparities as a reve . perce for debt repayment; as the amount annually received is undetermined from
<br />year to year and is not controlled by the City.
<br />Cost/Benefit: Land
<br />Land Proceeds
<br />Land Value
<br />Expected Sale Price
<br />Total Land Proceeds
<br />Expenses
<br />Business Subsidy, Land Write Down
<br />Total Value of Subsidy
<br />Annual Pay Back Capacity
<br />Pay Back Period (years)
<br />Concept1
<br />One Data Center User
<br />1,275,000.00
<br />$ 1,000,000.00
<br />$ 124,807.40
<br />8.01
<br />Concept 2
<br />Two Data Center Users
<br />1,275,000.00
<br />$ 1,000,000.00
<br />$ 118,596.18
<br />8.43
<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 3
<br />Sing. Fam. Resd. Devel.
<br />650,000.00
<br />650,000.00
<br />650,000.00
<br />
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