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Zero Zone Refrigeration
<br />City of Ramsey, MN
<br />55,000 sq. ft. Expansion
<br />g_.EHLERS
<br />PROJECT INFORMATION (Project Tax Capacity)
<br />Area/Phase New Use
<br />Total Value Industrial
<br />IL) IAL
<br />Subtotal Residential
<br />Subtotal Commercial/Intl.
<br />Estimated
<br />Market Value
<br />Per Sq. Ft./Unit
<br />12,689,700
<br />Taxable
<br />Market Value Total
<br />Per Sq. Ft./Unit Sq. Ft./Units
<br />12,689,700 1 12,689,700 0/1 Pref. 253,044
<br />Note:
<br />1. Market values are based upon estimates from the County Assessor.
<br />12,000,/00 203,094
<br />0 0
<br />12,689,700 253,044
<br />Total Taxable Property
<br />Percentage
<br />Market Tax Project Project Tax Completed
<br />Value Class Tax Capacity Capacity/Unit 2026
<br />253, 044 100%
<br />TAX CALCULATIONS
<br />oa Isca oca oca Isca ae-wl.e ,a e
<br />Tax Disparities Tax Property Disparities Property Value
<br />New Use Capacity Tax Capacity Capacity Taxes Taxes Taxes Taxes
<br />I0005t98l 253,044 97,040 156,004 146,093 120,221 72,372 24,916
<br />IL/IAL 253,394 97,040 153,004 143,093 120,221 72,372 24,013
<br />Nate:
<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 />2. If tax increment in received in 2027, then the district will be one year shorter.
<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 />Total
<br />Taxes
<br />363,602
<br />333,302
<br />Taxes Per
<br />Sq. Ft./Unit
<br />363,601.86
<br />MARKET VALUE BUT / FOR ANALYSIS
<br />363,602 Current Market Value - Est.
<br />(72,372) New Market Value - Est.
<br />(120,221) Difference
<br />(24,916) Present Value of Tax Increment
<br />81 M] Difference
<br />60,302 Value likely to occur without Tax Increment is less than:
<br />7,467,300
<br />12.689.700
<br />5 777 400
<br />542 787
<br />4.679.613
<br />4,679,613
<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 />
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