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<br /> <br /> CITY OF NEW BRIGHTON <br /> Transoma (NW Quad - East - Area C) - PHASE I <br /> ASSUMPTIONS <br /> <br /> Acres Sq. Ft. Land Building TOTAL <br /> Original Market Value <br /> C 2130-23-32-0010 4.18 182,081 Menglekoch 164,600 567,100 $731,700 <br /> C 21-30-23-32-0009 1.82 79,279 Darling 237,800 357,400 $595,200 <br /> C 21-30-23-32-0013 1.38 60,113 City of NB 120,200 $120,200 <br /> <br /> <br /> Butcher's Spur <br /> 7.38 321,473 sq. ft. 522,600 924,500 $1,447,100 <br /> 1.63 per sq. ft <br /> <br /> Original Tax Capacity % of new ETC 28,942 <br /> Phase 1 Building 100.0% 1,447,100 @ 2.00% = 28,942 <br /> Other 0 @ 2.00% = 0 <br /> <br /> Estimated Market Value $10,800,000 <br /> Phase 1 Building 120,000 sq. ft. @ 90.00 per sq. ft. = $10,800,000 <br /> Other 0 sq. ft. @ 104.37 per sq. ft. = $0 <br /> <br /> Estimated Tax Capacity 216,000 <br /> Phase 1 Building 2.00% 216,000 <br /> Other 2.00% 0 <br /> WFEstimated Annual Taxes 366,695 <br /> Phase 1 Building 120,000 sq. ft. @ $3.06 per sq. ft. = $366,695 <br /> Other 0 sq. ft. @ $0.00 per sq. ft. = $0 <br /> <br /> Estimated Annual Tax Increment 204,211 <br /> <br /> Coverage 37% <br /> <br /> T Phase 1 <br /> Building <br /> Construction 100% 2008 <br /> Valuatian--T- 2009 <br /> Taxes Payable 2010 <br /> Local Tax Rate - Pay 2007 ISD 621, RC WS 1.09170 " <br /> State Tax Rate - Pay 2007 0.48032 (C/1 only) <br /> Eff. Incr. on local tax rate for taxes at F.D. rate 0.03483 C/1 only) <br /> Combined Tax Rate - C/I Property Only 1.60685 <br /> " used for tax increment calculations <br /> Market Value -Referendum Referendum Tax Rate 0.18163% <br /> Inflation 2.50% <br /> Administration Fees 10.00% <br /> Present Value Rate 12/1/2008 6.0011/( <br /> <br /> <br /> Transoma 2007b - Area C.As Prepared by Krass Monroe, P.A. 7/20/2007 <br />