Laserfiche WebLink
Trident/LifeSpark <br />City of Ramsey, MN <br />24 Memory Care Units and 78 Assisted Living Units <br />6.\EHLERS <br />PROJECT INFORMATION (Project Tax Capacity) <br />Estimated <br />Market Value <br />Area/Phase New Use Per Sq. Ft./Unit <br />220,000 <br />Subtili�dl Kesidemial <br />(Subtotal Commercial/Ind. <br />Note: <br />1. Market values are based upon estimates from the County Assessor. <br />Taxable <br />Market Value <br />Per Sq. Ft./Unit <br />220, 000 <br />Total Taxable <br />Total Market <br />Sq. Ft./Units Value <br />102 /2�22,,yy4'y4}�0�,yy0yy0y00 <br />102 z2,4i(/,II(10 <br />0 0 <br />Property <br />Tax <br />Class <br />Rental <br />Project <br />Tax Capacity <br />2�8y0,�55V0Vyy0 <br />0 <br />Percentage <br />Project Tax Completed <br />Capacity/Unit 2026 <br />2,750 50"/0 <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 Capdcijy Tax Capacity Capacijy Taxes Taxes Taxes Taxes <br />0 28 ,5 0 28 ,5 265,235 0 0 41,382 <br />ICJ IAL 290,5aa a 2E1,500 255,235 0 0 41,362 <br />Note: <br />1. Taxes and tax increment will vary signi0cantly 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 />306,617 <br />0 <br />0 <br />(41,382) <br />250,809 <br />Total <br />Taxes <br />306,617 <br />3116,617 <br />Taxes Per <br />Sg Ft./Unit <br />3 U06.05 <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 />2029 <br />