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6/30/2021
<br />Oppidan Industrial - No Inflation
<br />City of Ramsey, MN
<br />405,300 sq. ft. Industrial
<br />§EHLERS
<br />I♦ PUBLIC FINANCE ADVISORS
<br />PROJECT INFORMATION (Project Tax Capacity)
<br />Estimated Taxable Total Taxable Property
<br />Market Value Market Value Total Market Tax
<br />Area/Phase New Use Per Sq. Ft./Unit Per Sq. Ft./Unit Sq. Ft./Units Value Class
<br />1 Industrial 79.96 80 111,300 8,900,000 C/I Pref.
<br />1 Industrial 76.19 76 147,000 11,200,000 C/I Pref.
<br />2 Industrial 78.23 78 147,000 11,500,000 C/I Pref.
<br />TOTAL 31,6UU,000
<br />Subtotal Residential
<br />Subtotal Commercial/Ind.
<br />0 0
<br />405,300 31,600,000
<br />Note:
<br />1. Market values are based upon estimates from the Couty Assessor.
<br />Project
<br />Tax Capacity
<br />177,250
<br />223,250
<br />229,250
<br />629,/5U
<br />0
<br />629,750
<br />Percentage Percentage Percentage Percentage First Year
<br />Project Tax Completed Completed Completed Completed Full Taxes
<br />Capacity/Unit 2021 2022 2023 2024 Payable
<br />2 25% 100% 100% 100% 2024
<br />2 25% 100% 100% 100% 2024
<br />2 0% 25% 100% 100% 2025
<br />TAX CALCULATIONS
<br />o isca oca oca isca a e-wi•e ar e
<br />Tax Disparities Tax Property Disparities Property Value
<br />New Use Capacity Tax Capacity Capacity Taxes Taxes Taxes Taxes
<br />Industrial 177,250 66,577 110,673 100,941 92,877 63,231 21,088
<br />Industrial 223,250 83,855 139,395 127,137 116,981 79,781 26,537
<br />Industrial 229,250 86,109 143,141 130,554 120,125 81,940 27,248
<br />TOTAL 629,/5U 236,540 393,21U 3S8,631 329,983 224,952 14,8/3
<br />Note:
<br />1. Taxes and tax increment will vary significantly 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 />0. -rope 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 />(224,952)
<br />(329,983)
<br />(74,873)
<br />(33,147)
<br />320,464
<br />Total
<br />Taxes
<br />278,137
<br />350,436
<br />359,866
<br />988,44U
<br />Taxes Per
<br />Sq. Ft./Unit
<br />2.50
<br />2.38
<br />2.45
<br />Prepared by Ehlers
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