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SPRINGSTED
<br />Market Value Analysis Report
<br />1
<br />City of Ramsey, Minnesota
<br />Tax Increment Financing (Redevelopment) District No 14
<br />The COR Project
<br />Scenario 2 - Without FD
<br />Assumptions
<br />Present Value Date
<br />P.V. Rate - Gross T.I.
<br />06/30/11
<br />6.00%
<br />Increase in EMV With TIF District
<br />Less: P.V of Gross Tax Increment
<br />Subtotal
<br />Less: Increase in EMV Without TIF
<br />Difference
<br />515,404,309
<br />68,338,087
<br />$447,066,222
<br />0
<br />$447,066,222
<br />Year
<br />1 2012
<br />2 2013
<br />3 2014
<br />4 2015
<br />5 2016
<br />6 2017
<br />7 2018
<br />8 2019
<br />9 2020
<br />10 2021
<br />11 2022
<br />12 2023
<br />13 2024
<br />14 2025
<br />15 2026
<br />16 2027
<br />17 2028
<br />18 2029
<br />19 2030
<br />20 2031
<br />21 2032
<br />22 2033
<br />23 2034
<br />24 2035
<br />25 2036
<br />26 2037
<br />Annual
<br />Gross Tax
<br />Increment
<br />343,345
<br />490,707
<br />781,187
<br />953,629
<br />1,822,390
<br />2,165,957
<br />2,942,038
<br />3,751,752
<br />4,579,314
<br />5,425,081
<br />6,207,004
<br />7,005,851
<br />7,796,882
<br />8,604,783
<br />9,258,768
<br />9,860,886
<br />10,101,983
<br />10,347,902
<br />10,598,740
<br />10,854,594
<br />11,115,566
<br />11,381,756
<br />11,653,271
<br />11,930,216
<br />12,212,700
<br />12,500,833
<br />$184,687,135
<br />Present
<br />Value @
<br />6.00%
<br />319,174
<br />430,342
<br />646,310
<br />744,319
<br />1,341, 885
<br />1,504,589
<br />1,928,015
<br />2,319,479
<br />2,670,858
<br />2,985,045
<br />3,221, 964
<br />3,430,787
<br />3,602,035
<br />3,750,257
<br />3,806,874
<br />3,824,946
<br />3,696,666
<br />3,572,317
<br />3,451,803
<br />3,335,028
<br />3,221,897
<br />3,112,314
<br />3,006,188
<br />2,903,426
<br />2,803,937
<br />2,707,632
<br />$68,338,087
<br />
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