Agenda - Planning Commission - 09/10/2015

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IMPACT ON TAX BASE Anoka County City of Ramsey Anoka -Hennepin ISD No. 11 2014/Pay 2015 Total Net Tax Capacity 252,501,492 18,605,528 131,670,082 Estimated Captured Tax Capacity (CTC) Upon Completion 125,370 125,370 125,370 Percent of CTC to Entity Total 0.0497% 0.6738% 0.0952% IMPACT ON TAX RATES Anoka County City of Ramsey Anoka -Hennepin ISD No. 11 Other Total Pay 2015 Percent Extension Rates of Total CTC 0.381230 35.17% 125,370 0.422590 38.98% 125,370 0.224820 20.74% 125,370 0.055460 5.12% 125.370 1.084100 100.00% Potential Taxes 47,795 52,980 28,186 6,953 135,914 The estimates listed above display the captured tax capacity when all construction is completed. The tax rate used for calculations is the actual Pay 2015 rate. The total net capacity for the entities listed above are based on actual Pay 2015 figures. The District will be certified under the actual Pay 2016 rates, which were unavailable at the time this TIF Plan was prepared. Pursuant to MS. Section 469.175 Subd. 2(b): (1) Estimate of total tax increment. It is estimated that the total amount of tax increment that will be generated over the life of the District is $1,334,836; (2) Probable impact of the District on city provided services and ability to issue debt. An impact of the District on police protection is not expected. With any addition of new residents or businesses, police calls for service will be increased. New developments add an increase in traffic, and additional overall demands to the call load. The City does not expect that the proposed development, in and of itself, will necessitate new investment. The probable impact of the District on fire protection is not expected to be significant. Typically new buildings generate few calls, if any, and are of superior construction. The impact of the District on public infrastructure is expected to be minimal. The development is not expected to significantly impact any traffic movements in the area. The current infrastructure for sanitary sewer, storm sewer and water will be able to handle the additional volume generated from the proposed development. Based on the development plans, there are no additional costs associated with street maintenance, sweeping, plowing, lighting and sidewalks. The probable impact of any District general obligation tax increment bonds on the ability to issue debt for general fund purposes is expected to be minimal. It is not anticipated that there will be any general obligation debt issued in relation to this project, therefore there will be no impact on the City of Ramsey Tax Increment Financing Plan for Tax Increment Financing District No. 15 2-8