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9/12/2013 <br />Potential TIF — Primary Area <br />1 $ 5,054,784 <br />2 $ 841,574 <br />3 $ 201,306 <br />4 $ 114,843 <br />5 $ 1,882,723 <br />6 $ 2,873,557 <br />7 $ 2,858,028 <br />77 $ 1,182,446 <br />8 $ 2,306,406 <br />9 $ 4,673,068 <br />10 $ 7,284,989 <br />11 $ 2,183,342 <br />12 $ 137,094 <br />13 $ 1,442,235 <br />14 $ 524,133 <br />15 $ 922,648 <br />16 $ (227,881) <br />17 $ 1,834,279 <br />18 $ 627,137 <br />TOTAL $ 36,716,712 <br />EHLERS <br />COR TIF District 1-14 <br />• "Clock" for any TIF district does not start until the City <br />receives the first TIF distribution from the County <br />• To date no TIF received <br />— Only 2 parcels that have increased value <br />• VA Clinic <br />• Allina Clinic <br />— All other parcels, current value is less than base value <br />• By approximately 15% <br />• Would need approximately $23M in new development <br />value to get to positive TIF for district as a whole <br />— This would allow The Residence at the COR Apartments to <br />capture their TIF <br />18 I <br />EHLERS <br />9 <br />