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4/20/2017 <br />EHLERS <br />Bunker Lake Industrial Park <br />City of Ramsey <br />60,000 sq. ft. Industrial <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 Developm eni <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 taxe <br />Market Value Tax Rate (Used for total taxes) <br />Economic Development <br />2017 <br />0.00% <br />4.75% <br />1-Aug-18 <br />1-Feb-19 <br />Pay 2018 <br />2019 <br />9 <br />2027 <br />Inside(B) <br />Incremental <br />33.4802% <br />150.0490% <br />103.404% <br />103.404% <br />45.8020% <br />0.21561% <br />Pay 2017 <br />Pay 2017 <br />Pay 2017 <br />Pay 2017 <br />Pay 2017 <br />Pay 2017 <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 $115,000 <br />Over $115,000 <br />Non -Homestead Residential (Non-H Res. 1 Unit) <br />First $500,000 <br />Over $500,000 <br />Homestead Residential 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 />0.25% <br />1.00% <br />125% <br />1.00% <br />125% <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 <br />Original <br />Tax Capacity <br />Class <br />After <br />Conversion <br />After <br />Conversion <br />Orig. Tax Cap. <br />Area/ <br />Phase <br />1 29-32-25-12-0003 Hageman Unassigned 728,600 <br />728,600 12% 87,432 Pay2018 C/I Pref. <br />87,432 <br />1,311 C/I Pref. <br />1,311 <br />1,311 <br />1,311 <br />Note: <br />1. Base values are for pay 2018 based upon review of County website on 4-5-2017. This building is expected to occupy 3 acres. The existing parcel is 24.8 acres according to the County website. <br />Therefore 12% of the value is used for the district <br />Prepared by Ehlers 8 Associates, Inc. -Estimates Only <br />N Vvlinnsota\2amsey\Housing - Economic - Redevelopment \TIF \TIF Districts\TIF Distnct N. 16 - PSO\TIF Runs\TIF Run 4-517 xls <br />