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' district pursuant to this paragraph (3) unless the <br />authority has concluded an agreement or agreements <br />for the development of at least 50 percent of the <br />acreage having the unusual soil or terrain defi- <br />ciencies, which agreement provides recourse for the <br />authority should the development not be completed." <br />Subsection 2.12. Duration of Tax Increment Financin <br />District No. 1. The duration of Tax Increment Financing <br />' District No. 1 is expected to be twenty -three (23) years <br />from the receipt of the first tax increment. The date of <br />receipt of the first tax increment will be 1986. <br />Subsection 2.13. Estimated Impact on Other Taxing Ju- <br />risdictions. The estimated impact on other taxing juris- <br />fictions assumes construction would have occurred without <br />the creation of a Tax Increment Financing District No. 1. <br />If the construction is a result of tax increment financing, <br />the impact is $0 to other entities. Notwithstanding the <br />' fact that the fiscal impact on the other taxing juris- <br />dictions is $0 due to the fact that the financing would not <br />have occurred without the assistance of the city, the fol- <br />lowing estimated impact of Tax Increment Financing District <br />No. 1 would be as follows if the "but for" test was not met: <br />' IMPACT ON TAX BASE <br />I <br />1 <br />2 of <br />Captured <br />Assessed <br />Value to <br />Entity <br />.163 <br />3.244 <br />.318 <br />(1) Other taxing entities include Metropolitan Mosquito <br />Control District, Anoka County Library, Rice Creek Watershed <br />District, Metropolitan Council, Metropolitan Transit Commis- <br />sion, Vocational School District. <br />2 - 8 <br />Original Future <br />Captured <br />Assessed Assessed <br />Assessed <br />Entity Tax Base <br />Value Value <br />Value <br />' <br />Anoka County 1,062,665,311 <br />29,858 1,758,812 <br />1,728,954 <br />City 53,301,844 <br />29,858 1,758,812 <br />1,728,954 <br />' <br />S.D. #11 543,901,063 <br />29,858 1,758,812 <br />1,728,954 <br />' <br />IMPACT ON MILL RATES <br />Current <br />Potential <br />' <br />Entity <br />Mill Rate <br />Taxes <br />Anoka County <br />27.017 <br />46,711 <br />City <br />S.D. #11 <br />17.314 <br />52.830 <br />29,935 <br />91,341 <br />Special Districts 1.237 <br />2,139 <br />Total: <br />98.398 <br />I <br />1 <br />2 of <br />Captured <br />Assessed <br />Value to <br />Entity <br />.163 <br />3.244 <br />.318 <br />(1) Other taxing entities include Metropolitan Mosquito <br />Control District, Anoka County Library, Rice Creek Watershed <br />District, Metropolitan Council, Metropolitan Transit Commis- <br />sion, Vocational School District. <br />2 - 8 <br />