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<br /> <br /> <br /> CITY OF NEW BRIGHTON <br /> Transoma (NW Quad - East - Area D) - PHASE 2 <br /> ASSUMPTIONS <br /> Acres Sq. Ft. Land Building TOTAL <br /> OriginaN Market Value <br /> <br /> <br /> <br /> <br /> D 20-30-23-41-0001 3.96 172,498 Darling 517,500 $517,500 <br /> Butcher's Spur <br /> 3.96 172,498 sq. ft. 517,500 0 $517,500 <br /> 3.00 per sq. ft <br /> <br /> Original Tax Capacity % of new ETC 10,350 <br /> Other 0.0% 0 @ 2.00% = 0 <br /> Phase 2 Building 100.0% 517,500 @ 2.00% = 10,350 <br /> <br /> Estimated Market Value $12,524,689 <br /> Other 0 sq. ft. @ 90.00 per sq. ft. = $0 <br /> Phase 2 Building 120,000 sq. ft. @ 104.37 per sq. ft. = $12,524,689 <br /> <br /> Estimated Tax Capacity 250,494 <br /> Other 2.00% 0 <br /> Phase 2 Building 2.00% 250,494 <br /> <br /> Estimated Annual Taxes 425,254 <br /> Other 0 sq. ft. @ #DIV101 per sq. ft. = $0 <br /> Phase 2 Building 120,000 sq. ft. @ $3.54 per sq. ft. = $425,254 <br /> <br /> Estimated Annual Tax Increment 262,165 <br /> <br /> Coverage 70% <br /> Phase 2 Building <br /> Construction 100% 2014 <br /> Valuation 2015 <br /> Taxes Payable 2016 <br /> Local Tax Rate - Pay 2007 ISD 621, RC WS 1.09170 w <br /> State Tax Rate - Pay 2007 0.48032 (C/I only) <br /> Eff. Incr. on local tax rate for taxes at F.D. rate 0.03483 C/I only) <br /> Combined Tax Rate - C/I Property Only 1.60685 <br /> " used for tax increment calculations <br /> <br /> Market Value Referendum Tax Rate 0.18163% <br /> Inflation 2.50% <br /> Administration Fees 10.00% <br /> Present Value Rate 12/1/2008 6.00% <br /> <br /> <br /> Transoma 2007b - Area D.xls Prepared by Krass Monroe, P.A. 7/20/2007 <br />