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ESTIMATE For Discussion Only Trident Project/Valuation /Tax/TIF Summary 2.22.24 <br /> Project Description (Trident) <br /> Type SF Units <br /> Building 1 Assisted Living 83,328 60 <br /> Building 2 Memory Care 121264 14 <br /> 95,592 74 <br /> Development Scenario 1- 12.1M <br /> Land (3.67 Acres) $ 11102,546 <br /> Buildings(95,592 SF) $ 10,997,454 <br /> Total Tax Assessed Value* $ 121100,000 <br /> Annual Tax Estimate-4A Apt** $ 153,691 <br /> TIF Calculation*** Trident(annual) City(annual) Trident(25 yrs) City(25 yrs) <br /> Estimated TIF 90/10 Split(25 yrs) $ 104,871 $ 11,652 $ 21621,775 $ 291,300 <br /> Estiamted TIF 80/20 Split(25 yrs) $ 93,218 $ 23,305 $ 21330,450 $ 582,625 <br /> Development Scenario 2- 13.7M <br /> Land $ 11102,546 <br /> Buildings $ 12,597,454 <br /> Total Tax Assessed Value* $ 131700,000 <br /> Annual Tax Estimate-4A Apt** $ 174,014 <br /> TIF Calculation*** Trident(annual) City(annual) Trident(25 yrs) City(25 yrs) <br /> Estimated TIF 90/10 Split $ 120,128 $ 13,348 $ 31003,200 $ 333,700 <br /> Estiamted TIF 80/20 Split $ 106,781 $ 26,695 $ 21669,525 $ 667,375 <br /> Development Scenario 3- 15.8M <br /> Land $ 11102,546 <br /> Buildings $ 14,697,454 <br /> Total Tax Assessed Value* $ 15,800,000 <br /> Annual Tax Estimate-4A Apt** $ 200,688 <br /> TIF Calculation*** Trident(annual) City(annual) Trident(25 yrs) City(25 yrs) <br /> Estimated TIF 90/10 Split $ 140,151 $ 15,573 $ 31503,775 $ 389,325 <br /> Estiamted TIF 80/20 Split $ 124,581 $ 311145 $ 31114,525 $ 778,625 <br /> * Values based on Assessors Estimate dated 2/14/24 <br /> **Tax Estimate provide by County Assessor dated 2/14/24 <br /> *** No Inflation, Locked Value <br />