|
<br />1970490v2
<br />
<br />EXHIBIT D
<br />
<br />Impact on Other Taxing Jurisdictions and Other Financial
<br />Data Present Value Analysis As Required
<br />by Minnesota Statutes, Section 469.175(3)(2)
<br />
<br />City of Ramsey, Minnesota
<br />Tax Increment District No. 12
<br />
<br /> City of Anoka I.s.D. #11
<br /> Ramsey County Anok3-Hennepin Other Total
<br />Total Taxable NTC 2006/2007 19,172,542 290.582,182 150.031.481 NA 459,786.205
<br />Projected Retained NTC 46,756 46,756 46,756 0
<br />Hypothetical New NTC 19,219,298 290,628,938 150,078,237 NA
<br />EXisting Local Tax Rate 2006!20rl7 39.928% 30.675% 19.337%. 5.i44% 95.684%
<br />Hypothetical Adj. Local Tax Rate 39.831% 30.670% 19.331% 5.744% 95.576%
<br />Difference 0.097'10 0.005% 0.006% NA 0.108%
<br />Hypothetical Taxes on Retained NTC 18,623 14,340 9,038 NA
<br />
<br />Statemeat 1:
<br />If the projected Retained Captured Net Tax Capacity of the TIF District was hypothetically available to each of
<br />the taxingjurisdicrions above, the result would be a Jower local tax rate (see Hypothetical Adjusted Tax Rate above)
<br />which would produce the same amount ortaxes for each taxing jurisdiction. In such a. case, the total local tax rate
<br />would decrease by 0.108% (see Hypo1hetical Decrease in LocaJ Tax Rate above). The hypothetical tax that the
<br />Retained Captured Net Tax Capacity of the TlF District would generate is also shown above.
<br />
<br />StatemeDt 2:
<br />Since the projected Retained Captured Net Tax Capacity of the TIF District is not available to the taxingjurisdicrions,
<br />then there is no impact on taxes levied or local tax rates.
<br />
<br />(I) Taxable net tax capacity = total net tax capacity - captured TIF _ Fiscal Disparities Contnbution.
<br />(2) The impact on these taXing jurisdictions is negligible since they represent only 6.00% of the total tax rate.
<br />
<br /> Annual Present
<br /> Gross Tax Value @
<br />Year Increment 7.00%
<br />1 2009 44,738 37,143
<br />2 2010 44,738 34.713
<br />3 2011 44,738 32,442
<br />4 2012 44,738 30,319
<br />5 2013 44,738 28,336
<br />6 2014 44,738 26,482
<br />7 2015 44,738 24,750
<br />8 2016 44,738 23,130
<br />9 2017 44,738 21,617
<br />10 2018 44.738 20,203
<br />11 2019 44,738 18,881
<br />12 2020 44,738 17,646
<br />13 2021 44,738 16,492
<br />14 2022 44,738 15,413
<br />15 2023 44,738 14,405
<br />16 2024 44,738 13,462
<br />17 2025 44,738 12,581
<br />18 2026 44,738 11.758
<br />19 2027 44,738 10,989
<br />20 2028 44,738 10,270
<br />21 2029 44,738 9,598
<br />22 2030 44,738 8,970
<br />23 2031 44,738 8,384
<br />24 2032 44,738 7,835
<br />2S 2033 44,738 7.323
<br />26 2034 44,738 6,843
<br />27 2035 0 0
<br />28 2036 0 0
<br /> 1,163,188 469,985
<br />Prepared by: Northland Securities, Inc. -12/1912008 3:28 PM
<br />
<br />Market Value Analysis
<br />
<br />Present Value Date
<br />Present Value Rate (Gross TIF)
<br />
<br />01101107
<br />7.00%
<br />
<br />Increase in EMV With TIF District
<br />Less: P.V of Gross Tax Increment
<br />
<br />$3.964.000
<br />469,985
<br />
<br />Subtotal
<br />Less: Increase in EMV Without TIF
<br />
<br />53,494.015
<br />()
<br />
<br />DilfOIellCe
<br />
<br />53,494,015
<br />
<br />T1F 121506.x1s - MVA~mpact
<br />
<br />D-l
<br />
<br />-211-
<br />
|