Agenda - Council Work Session - 05/13/2014

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Estimated Impact on Other Taxing Jurisdictions Report Without Project or TIF District Hypothetical 2009/2010 2009/2010 Retained New Hypothetical Hypothetical Tax Generated Taxable 2009/2010 Taxable Captured Taxable Adjusted Decrease In by Retained Taxing Net Tax Local Net Tax Net Tax Net Tax Local Local Captured Jurisdiction Capacity (1) Tax Rate Capacity (1) + Capacity = Capacity Tax Rate ( *) Tax Rate ( *) N.T.C. ( *) City of Ramsey 22,452,307 37.811% 22,452,307 r $12,647,452 35,099,759 24.187% 13.624% 3,058,990 Anoka County 350,143,958 35.189% 350,143,958 12,647,452 362,791,410 33.962% 1.227% 4,295,360 ISD #11 222,953724 19.939% 222,953,724 i 12,647,452 235,601,176 18.869% 1.070% 2,386,402 Totals City of Ramsey, Minnesota Tax Increment Financing (Redevelopment) District No. 14 The COR Project Scenario 2 - Without FD Projected (1) Taxable net tax capacity = total net tax capacity- captured TIF - fiscal disparity contribution, if applicable. (2) The impact on these taxing jurisdictions is negligible since they represent only 6.66% of the total tax rate. With Project and TIF District Other (2) - -- 6.627% - -- 12,647,452 - 6.627% 99.566% 83.645% 15.921% * Statement 1: If the projected Retained Captured Net Tax Capacity of the TIF District was hypothetically available to each of the taxing jurisdictions above, the result would be a lower local tax rate (see Hypothetical Adjusted Tax Rate above) which would produce the same amount of taxes for each taxing jurisdiction. In such a case, the total local tax rate would decrease by 15.921% (see Hypothetical Decrease in Local Tax Rate above). The hypothetical tax that the Retained Captured Net Tax Capacity of the TIF District would generate Is also shown above. Statement 2: Since the projected Retained Captured Net Tax Capacity of the TIF District is not available to the taxing jurisdictions, then there is no Impact on taxes levied or local tax rates. SPRINGSTED Page 26