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Zero Zone Refrigeration <br />City of Ramsey, MN <br />55,000 sq It Expansion <br />g`EHLERS <br />PROJECT INFORMATION (Project Tax Capacity) <br />Estimated <br />Market Value <br />Area/Phase New Use Per Sq. Ft./Unit <br />Total Value Industrial 12,689,700 <br />S0btOilal jiesltlentlol <br />Taxable <br />Market Value <br />Per Sq. Ft./Unit <br />12,689,700 <br />(Subtotal Commercial/Intl. <br />Note: <br />1. Market values are based upon estimates from the County Assessor. <br />Total Taxable Property <br />Total Market Tax Project <br />Sq. Ft./Units Value Class Tax Capacity <br />1 12,689,700 C/I Pref 253,044 <br />12,07, MU 20194 <br />0 <br />1 12,689,700 253,044 <br />Percentage <br />Project Tax Completed <br />Capacity/Unit 2026 <br />253,044 100% <br />TAX CALCULATIONS <br />o a Isca oca oca Isca a e-wl.e a e <br />Tax Disparities Tax Property Disparities Property Value <br />New Use CM?, Tax C y city C {oci Taxes Taxes Taxes Taxes <br />Industrial 97,040 156,0 746,093 120,221 72,372 24,916 <br />it., IAL 253,044 07,040 156,004 146,093 120,221 72,372 24,915 <br />(vote: <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 />Total Property Taxes <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 />363,602 <br />(72,372) <br />(120,221) <br />(24,916) <br />(85,791) <br />60,302 <br />Total <br />Taxes <br />363,602 <br />303402 <br />Taxes Per <br />$2jy. Ft./Unit <br />S63,601.86 <br />Percentage <br />Completed <br />2027 <br />100% <br />Percentage <br />Completed <br />2028 <br />100% <br />Percentage <br />Completed <br />2029 <br />100% <br />First Year <br />Full Taxes <br />Payable <br />2028 <br />