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9/10/2015 <br />0 LEADERS IN PUBLIC rIMAMCS <br />EHLERS <br />PSD Apartments - No Inflation <br />City of Ramsey <br />122 Market Rate Apartments <br />Base Value Assumptions - Page 2 <br />PROJECT INFORMATION (Project Tax Capacity) <br />Estimated Taxable <br />Total Taxable <br />Market Value Market Value Total Market <br />Area/Phase New Use Per Sq. Ft/Unit Per Sq. Ft./Unit Sq. Ft./Units Value <br />Property <br />Tax <br />Class <br />Ap <br />TOTAL <br />18.198 <br />8.198 12 <br />4.301.958 Rental <br />14.301.958 <br />Subtotal Residential <br />Subtotal Commercial/Ind <br />21 14.301.958 <br />Note: <br />1. Market values are based upon estimates from County Assessor on 9-10-15. <br />New Use <br />Ota ISCa oca <br />Tax Disparities Tax <br />Capacity Tax Capacity Capacity <br />TAX CALCULATIONS <br />Project <br />Tax Capacity <br />178,774 <br />1 /8, / /4 <br />178,774 <br />oca Isca a e-wi.e ar <br />Property Disparities Property Value <br />Taxes Taxes Taxes Taxes <br />Percentage <br />Percentage <br />Project Tax Completed Completed <br />Capacity/Unit 2016 2017 <br />Percentage <br />Completed <br />2018 <br />Percentage <br />Completed <br />2019 <br />First Year <br />Full Taxes <br />Payable <br />477 75% <br />00% <br />00% <br />00% <br />2019 <br />Total <br />Taxes <br />Taxes Per <br />Sq. Ft/Unit <br />Apt <br />TOTAL <br />178,774 <br />1 /8, / /4 <br />O 178,774 <br />O 1 /8, / /4 <br />193,809 <br />193,809 <br />O 30,415 <br />O 30,415 <br />224,224 <br />224,224 <br />1,853.09 <br />Note: <br />1. Taxes and tax increment will vary signficantly from year to year depending upon values, rates, state law, fiscal disparities and other factors <br />which cannot be predicted. <br />WHAT IS EXCLUDED FROM TIF? <br />ota -roperty axes <br />less State-wide Taxes 0 <br />less Fiscal Disp. Adj. 0 <br />less Market Value Taxes (30,415) <br />less Base Value Taxes (9,505) <br />Annual Gross 71F , n. <br />Prepared by Ehlers &Associates, Inc_- Estimates Only N Minnsola\RamseNHousing-Economic- Redevebpmenl\TIF \TIF Districts \TIF District No_ 14-COR\COR\TIF Runs\TIF Run 9-1-15- P50 Aparhnenls <br />