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4/20/2017 <br />0 ,,,, 6 rq P494G rI ...GE <br />EHLERS <br />Bunker Lake Industrial Park <br />City of Ramsey <br />60,000 sq. ft. Industrial <br />Base Value Assumptions - Page 2 <br />PROJECT INFORMATION (Project Tax Capacity) <br />Estimated Taxable Total Taxable Property Percentage Percentage Percentage Percentage First Year <br />Market Value Market Value Total Market Tax Project Project Tax Completed Completed Completed Completed Full Taxes <br />Area/Phase New Use Per Sq. Ft./Unit Per Sq. Ft./Unit Sq. Ft./Units Value Class Tax Capacity Capacity/Unit 2017 2018 2019 2020 Payable <br />TOTAL <br />Industrial 55 55 60,000 3,300,000 C/I Pref. 65,250 <br />3,300,000 <br />65,250 <br />25% 100% 100% 100% 2020 <br />Subtotal Residential <br />0 <br />Subtotal Commercial/Ind. <br />60,000 3,300,000 <br />65,250 <br />Note: <br />1. Market values are based upon estimates from the county assessor. <br />New Use <br />Industrial <br />IU IAL <br />o a !sea oca <br />Tax Disparities Tax <br />Capacity Tax Capacity Capacity <br />65,250 21,846 43,404 <br />b5,25U <br />21,64b 43,4114 <br />TAX CALCULATIONS <br />oca Isca a-wl.e ar <br />Property Disparities Property Value <br />Taxes Taxes Taxes Taxes <br />44,882 32,779 29,886 7,115 <br />44,882 32,//9 29,86b /,115 <br />Total <br />Taxes <br />114,662 <br />114,bb2 <br />Taxes Per <br />Sq. Ft./Unit <br />1.91 <br />N <br />ote: <br />1. Taxes and tax increment will vary significantly from year to y ar depending upon values, rates, state law, fiscal disparities and other factors <br />which cannot be predicted. <br />2. If tax increment in received in 2018, then the district will be one year shorter. <br />WHAT IS EXCLUDED FROM TIF? <br />ota -roperty axes <br />less State-wide Taxes <br />less Fiscal Disp. Adj. <br />less Market Value Taxes <br />less Base Value Taxes <br />Annual Gross TIF <br />(29,886) <br />(32,779) <br />(7,115) <br />(902) <br />Prepared by Ehlers & Associates, Inc. - Estimates Only N \Minnsola\iamsey\Housing -Economic - Redevelopment \TIF \TIF Districts\TIF District N. 16 - P50\TIF Runs\TIF Run 4-5-17xls <br />