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<br />EXHIBIT XXXI-C
<br />
<br />ASSUMPTIONS
<br />
<br />Original Market Values
<br />
<br />Brighton Village Site
<br />Commercial Center
<br />Beisswenger Site
<br />N. Res. Prop.
<br />S. Res. Prop.
<br />Decoster
<br />Thermo King
<br />
<br />19-30-23-43-0035
<br />
<br />Area of Parcel
<br />(Acres) (Sq. Feet)
<br />
<br />1/2/2002 Market Value (Pay 2003)
<br />Land Building Total
<br />
<br />1873 Old Hwy 8 NW 16-30-23-33-0007
<br />1853 Old Hwy 8 NW 16-30-23-33-0005
<br />1823 Old Hwy 8 NW 16-30-23-33-0006
<br />1951 Old Hwy 8 NW 16-30-23-33-0008 only part of this PIN
<br />
<br />Totals
<br />
<br />Original Tax Capacity
<br />Beisswenger
<br />Brighton Village
<br />Commercial I Retail
<br />Rental
<br />Owner Occupied
<br />
<br />% of New ETC
<br />
<br />100.0%
<br />0.0%
<br />0.0%
<br />100.0%
<br />
<br />7.87
<br />
<br />0.69
<br />0.34
<br />1.74
<br />0.84
<br />
<br />11 .48
<br />
<br />342,817
<br />
<br />30,000
<br />15,000
<br />77,983
<br />36,639
<br />
<br />502,439
<br />
<br />475,190 @
<br />1,715,100 @
<br /> @
<br /> @
<br />1,715,100
<br />
<br />Phase 1
<br />Estimated Market Value
<br />Estimated Tax Capacity
<br />Estimated Taxes
<br />Estimated Tax Increment
<br />
<br />YEAR
<br />
<br />2005
<br />2006
<br />
<br />Phase 2 (combined)
<br />Estimated Market Value
<br />Estimated Tax Capacity
<br />Estimated Taxes
<br />Estimated Tax Increment
<br />
<br />2006
<br />2007
<br />
<br />Phase 3 (combined)
<br />Estimated Market Value
<br />Estimated Tax Capacity
<br />Estimated Taxes
<br />Estimated Tax Increment
<br />
<br />2007
<br />2008
<br />
<br />o units
<br />113,630 sq. ft.
<br />
<br />o units
<br />113,630 sq.ft.
<br />
<br />o units
<br />113,630 sq. ft.
<br />
<br />Class Rate'
<br />2.00%
<br />
<br />2.00% ""
<br />1.25% ==
<br />1.00% ""
<br />
<br />. Final rates for Pay 2004
<br />
<br />$8,687,558
<br />173,751
<br />307,586
<br />154,757
<br />
<br />8,687,558
<br />173,751
<br />307,586
<br />154,757
<br />
<br />8,687,558
<br />173,751
<br />307,586
<br />154,757
<br />
<br />9,504
<br />
<br />34,302
<br />o
<br />o
<br />
<br />$1,714,100 $
<br />
<br />1,000 $ 1,715,100
<br />
<br />70.000
<br />45,000
<br />151,500
<br />56,790
<br />
<br />63,000
<br />88,900
<br />b1dg gone
<br />
<br />133,000
<br />133,900
<br />151,500
<br />56,790
<br />
<br />o
<br />
<br />Local Tax Rate
<br />State Tax Rate
<br />Combined Tax Rate - ell Property Only
<br />
<br />1 .1 9094 . C/I
<br />0.57933 (C/I only) Rental
<br />1.77027 For Sale
<br />. used for tax increment calculations
<br />
<br />Admin Fees
<br />
<br />State Auditor Fee
<br />
<br />Inflation
<br />
<br />(after 2 yrs of full value in each tract)
<br />
<br />Present Value Rate
<br />
<br />6/1/2004
<br />
<br />$2,037,390 $ 152,900 $ 2,190,290
<br />4.06 per sq. ft. of Land
<br />
<br />43,806
<br />
<br />4.0 time increase in market value
<br />
<br />50.3% of total taxes
<br />
<br />4.0 time increase in market value
<br />
<br />503% of total taxeS
<br />
<br />4,0 time increase in market value
<br />
<br />50.3% of total taxes
<br />
<br />10.00%
<br />
<br />0.00%
<br />
<br />5.00%
<br />
<br />6.75%
<br />
<br />XXXI-C-1
<br />
<br />3.5% effective tax rate
<br />0,0% effective tax rate
<br />effective tax rate
<br />
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