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Home2 Suites - No Inflation <br /> City of Ramsey,MN <br /> 98 Room Hotel g'ZEHLERS <br /> PUBLIC FINANCE ADVISORS <br /> ASSUMPTIONS AND RATES <br /> DistrictType: Redevelopment Tax Rates <br /> District Name/Number: TIF 1-14 COR <br /> County District#: V7 Exempt Class Rate(Exempt) 0.00% <br /> First Year Construction or Inflation on Value 2023 Commercial Industrial Preferred Class Rate(C/I Pref.) <br /> Existing District - Specify No.Years Remaining 16 First $150,000 1.50% <br /> Inflation Rate-Every Year: 0.00% Over $150,000 2.00% <br /> Interest Rate: 5.00% Commercial Industrial Class Rate(C/1) 2.00% <br /> Present Value Date: 1-Aug-24 Rental Housing Class Rate(Rental) 1.25% <br /> First Period Ending 1-Feb-25 Affordable Rental Housing Class Rate(Aff.Rental) <br /> Tax Year District was Certified: Pay 2011 First $100,000 0.75% <br /> Cashflow Assumes First Tax Increment For Development: 2025 Over $100,000 0.25% <br /> Years of Tax Increment 16 Non-Homestead Residential(Non-H Res.1 Unit) <br /> Assumes Last Year of Tax Increment 2040 First $500,000 1.00% <br /> Fiscal Disparities Election[Outside(A), Inside(B),or NAj Outside(A) Over $500,000 1.25% <br /> Incremental or Total Fiscal Disparities Incremental Homestead Residential Class Rate(Hmstd.Res.) <br /> Fiscal Disparities Contribution Ratio 34.1376% Prelim.Pay 2023 First $500,000 1.00% <br /> Fiscal Disparities Metro-Wide Tax Rate 133.6670% Prelim.Pay 2023 Over $500,000 1.25% <br /> MaximurrdFrozen Local Tax Rate: 110.413% 2011-Frzn Agricultural Non-Homestead 1.00% <br /> Current Local Tax Rate:(Use lesser of Current or Max.) 95.108% Prelim.Pay 2023 <br /> State-wide Tax Rate(Commi only used for total taxes) 34.0000% Prelim.Pay 2023 <br /> Market Value Tax Rate(Used for total taxes) 0.23956% Prelim.Pay 2023 <br /> BASE VALUE INFORMATION (Original Tax Capacity) <br /> Building Total Percentage Tax Year Property Current Class After <br /> Land Market Market Of Value Used Original Original Tax Original After Conversion <br /> Map ID PID Owner Address Market Value Value Value for District Market Value Market Value Class Tax Capacity Conversion Ong.Tax Cap. Area/Phase <br /> 1 28-32-25-22-0058 City of Ramsey Unassigned 311,790 0 311,790 100% 311,790 Pay 2011 Exempt - C/IPref. 5,486 1 <br /> 311,790 0 311,790 311,790 0 5,486 <br /> Note: <br /> 1. Base values are for pay 2023 based review of the county website on 1-4-2023. Full parcel is 30.76 acres,the project will use 2.84 acres <br /> 2. Located in SD#11 and WS Lower Rum River(UTA 630110) <br />