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Home2 Suites - No Inflation <br /> City of Ramsey, MN <br /> 98 Room Hotel g%'EHLERS <br /> III FINANCE ADVISORS <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 2023 2024 2025 2026 Payable <br /> 1 Hotel 72,867 72,867 98 7,141,000 C/I Pref. 142,070 1,450 50% 100% 100% 100% 2026 <br /> TOTAL 7,141,000 142,070 <br /> Subtotal Residential 0 0 0 <br /> Subtotal Commercial/Ind. 98 7,141,000 142,070 <br /> Note: <br /> 1.Market values are based upon estimates from the County Assessor. <br /> CALCULATIONSTAX <br /> ota Iscai LOcaioca Isca tate-wI a iviarKet <br /> Tax Disparities Tax Property Disparities Property Value Total Taxes Per <br /> New Use Capacity Tax Capacity Capacity Taxes Taxes Taxes Taxes Taxes Sq.Ft./Unit <br /> Hotel 142,070 48,499 93,571 88,993 64,828 47,539 17,107 218,467 2,229.25 <br /> 142,070 48,499 93,571 88,993 64,828 47,539 17,107 218,467 <br /> 'Tote: <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 <br /> Total Property Taxes 218,467 <br /> less State-wide Taxes (47,539) <br /> less Fiscal Disp.Adj. (18,701) <br /> less Market Value Taxes (17,107) <br /> less Base Value Taxes (5,217) <br /> Annual Gross TIF 129,903 <br />