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<br />1971165v3
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<br />EXHIBIT E
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<br />Cash Flow Projections and Other Financial Data Relating
<br />to Tax Increment Financing District No. 13
<br />City of Ramsey, Minnesota
<br />Tax Increment District No. 13
<br />
<br />Certification Request Date 01/01/07
<br />Decertification Date 12/01/23 (15 Years ofIncrement)
<br />Present Value Date 01/01/07
<br />Present Value Rate 7.00%
<br />Type of TIP District: Renewal and Renovation
<br />Type of Debt: Loan (Pay-as-you-go)
<br />Fiscal Disparities Election: Inside
<br />Fiscal Disparities Rate: 32.9612%
<br />Local Tax Capacity Rate: 95.684% 2006107
<br />Administration: 10.00%
<br />Pooling/Sharing: 0.00%
<br />Percentage of Tax Capacity Retained: 100.00%
<br />Market Value Inflator: 101.50%
<br />Base Value Infonnation 2006/2007 2006/2007
<br /> 2006/2007 CLASS RATE CLASS RATE 2006/2007
<br />Class PID# EMV 1st Tier 2nd Tier NTC
<br />CTP 29-32-25-11-0007 119,400 1.50% 2.00% 1,791
<br />CIP 29-32-25-11-0008 231,600 1.50% 2.00% 3,882
<br />CTP 29-32-25-11-0009 394,600 1.50% 2.00%. 7,142
<br />elP 29-32-25-11-0010 372,900 1.50% 2.00% 6,708
<br />elP 29-32-25-11-0011 325,800 1.50% 2.00% 5,766
<br />ClP 29-32-25-11-0012 180,600 1.50% 2.00% 2,862
<br />CIP 29-32-25-11-0013 710,000 1.50% 2.00% 13,450
<br />CIP 29-32-25-14-0005 427,500 1.50% 2.00% 7,800
<br />eIP 29-32-25-14-0008 405,700 1.50% 2.00% 7,364
<br />CIP 29-32-25-14-0009 712,100 1.50% 2.00% 13,492
<br />elP 29-32-25-14-0010 237,600 1.50% 2.00% 4,002
<br />CIP 29-32-25-14-0011 247,800 1.50% 2.00% 4,206
<br />CIP 29-32-25-14-0012 342,900 1.50% 2.00% 6,108
<br />ClP 29-32-25-14-0013 374,600 1.50% 2.00% 6,742
<br />elP 29-32-25-14-0014 460,200 1.50% 2.00% 8,454
<br />CIP 29-32-25-14-0015 532,900 1.50% 2.00% 9,908
<br /> Total 6,076,200 109,677
<br /> 2008/2009 2009/2010 2010/2011 201112012
<br />Base EMV $6,076,200 $6,167,343 $6,259,853 $6,353,751
<br />Increase in EMV
<br />Project 1 25,000,000 41,000,000 41,615,000 42,239,225
<br />Total Estimated Market Value $31,076,200 $47,167,343 $47,874,853 $48,592,976
<br />NTC
<br />Project 1 Cl 500,000 820,000 832,300 844,785
<br />Total Net Tax Capacity $500,000 $820,000 $832,300 $844,785
<br />
<br />Prepared by: Northland Securities, Inc. - 12/19/2006 2:59 PM
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<br />TIF 120706.xls - Assumptions
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