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9/10/2015 <br />leIEAMR; IX KIRK IMAM <br />EHLERS <br />PSD Apartments - No Inflation <br />City of Ramsey <br />122 Market Rate Apartments <br />Base Value Assumptions - Page 1 <br />ASSUMPTIONS AND RATES <br />DistrictType: <br />District Name/Number: <br />County District #: <br />First Year Construction or Inflation on Value <br />Existing District - Specify No. Years Remaining <br />Inflation Rate - Every Year: <br />Interest Rate: <br />Present Value Date: <br />First Period Ending <br />Tax Year District was Certified: <br />Cashflow Assumes First Tax Increment For Development: <br />Years of Tax Increment <br />Assumes Last Year of Tax Increment <br />Fiscal Disparities Election [Outside (A), Inside (B), or NA] <br />Incremental or Total Fiscal Disparities <br />Fiscal Disparities Contribution Ratio <br />Fiscal Disparities Metro -Wide Tax Rate <br />Maximum/Frozen Local Tax Rate: <br />Current Local Tax Rate: (Use lesser of Current or Max.) <br />State-wide Tax Rate (Comm./Ind. only used for total taxes) <br />Market Value Tax Rate (Used for total taxes) <br />Redevelopment <br />COR 1-14 <br />V-7 <br />2016 <br />23 <br />0.00% <br />4.00% <br />1-Aug-16 <br />1-Feb-17 <br />Pay 2016 <br />2018 <br />23 <br />2040 <br />Inside(B) <br />Incremental <br />38.5419% <br />161.6250% <br />110.413% <br />108.410% <br />50.8400% <br />0.21266% <br />Pay 2015 <br />Pay 2015 <br />Pay 2011 <br />Pay 2015 <br />Pay 2015 <br />Pay 2015 <br />Tax Rates <br />Exempt Class Rate (Exempt) <br />Commercial Industrial Preferred Class Rate (C/I Pref.) <br />First $150,000 <br />Over $150,000 <br />Commercial Industrial Class Rate (C/I) <br />Rental Housing Class Rate (Rental) <br />Affordable Rental Housing Class Rate (Aff. Rental) <br />First $100,000 <br />Over $100,000 <br />Non -Homestead Residential (Non-H Res. 1 Unit) <br />First $500,000 <br />Over $500,000 <br />Homestead Residental Class Rate (Hm std. Res.) <br />First $500,000 <br />Over $500,000 <br />Agricultural Non -Homestead <br />0.00% <br />1.50% <br />2.00% <br />2.00% <br />125% <br />0.75% <br />025% <br />1.00% <br />125% <br />1.00% <br />1.25% <br />1.00% <br />BASE VALUE INFORMATION (Original Tax Capacity) <br />Map # <br />PID <br />Owner <br />Address <br />Land <br />Market Value <br />Building <br />Market <br />Value <br />Total <br />Market <br />Value <br />Percentage Tax Year <br />Of Value Used Original Original <br />for District Market Value Market Value <br />Property <br />Tax <br />Class <br />Current Class <br />Original After <br />Tax Capacity Conversion <br />After <br />Conversion <br />Orig. Tax Cap. <br />Area/ <br />Phase <br />28-32-25-42-0017 PSD <br />$ 2,104,300 <br />0 2,104,300 <br />33% 701,433 Pay 2016 Exempt <br />701,433 <br />Rental <br />8,768 <br />8,768 <br />Note: <br />1. Base values are for pay 2016 based upon review of County website on 9-1-15. <br />2. Base value of land is based upon 5 of the 15 acres (33%) of value <br />Prepared by Ehlers 8 Associates, Inc_ - Estimates Only <br />N lMinnsota\RamseNHousing - Economic - 800000bpment\TIF\TIF Districts \TIF District No_ 14 - COR\COR\TIF Runs\TIF Run 9-1-15 - PSD Aparhnents <br />