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Decertification Date <br />Base Estimated Market Value <br />Original Net Tax Capacity <br />Base Estimated Market Value <br />Increase in Estimated Market Value <br />Total Estimated Market Value <br />Total Net Tax Capacity <br />City of Ramsey <br />Anoka County <br />ISD #11 <br />Other <br />Local Tax Capacity Rate <br />Bonds <br />Bonds Dated <br />Bond Issue @ 0% (NIC) <br />Eligible Project Costs <br />Present Value Date & Rate <br />(AS MODIFIED JANUARY 25, 2011) <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 Redevelopment <br />Maximum Duration of TIF District 25 years from 1S increment <br />Projected Certification Request Date 06 -30 -11 <br />Fiscal Disparities Contribution from TIF District <br />Administrative Retainage Percent (maximum =10 %) <br />Pooling Percent <br />06/30/11 <br />$0 <br />$0 <br />12/31/37 (26 Years of Increment) <br />2010/2011 <br />$85,278,600 <br />$1,391,239 <br />2011/2012 <br />$86,639,997 <br />15,982,624 <br />102,622,621 <br />$1,736,081 <br />37.811% <br />35.189% <br />19.939% <br />6.627% <br />99.566% <br />41.9115% <br />10.00% <br />0.00% <br />06/30/11 <br />Assessment /Collection Year <br />2012/2013 <br />$88,002,393 <br />31,965,249 <br />119,967,642 <br />$1,902,559 <br />Note (Pay -As- You -Go) <br />Note Dated <br />Note Rate <br />Note Amount <br />2013/2014 <br />$89,972,551 <br />49,815,112 <br />139,787,663 <br />$2,224,634 <br />2009/2010 <br />06/30/11 <br />6.00% <br />$61,282,863 <br />6.00% <br />Notes <br />Assumption include no future changes to the property tax system, class rates and tax rate. <br />The assumption include the use of a 2% annual market value inflator starting in taxes payable 2018. <br />$2,428,157 <br />City of Ramsey <br />Modification to the Tax Increment Financing Plan for Tax Increment Financing District No. 14 28 <br />2014/2015 <br />$91,942,709 <br />67,664,975 <br />159,607,684 <br />