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<br />".'" ....,. <br /> <br />. '. '., ,'.' .' ~. ". <br /> <br />. '. ..... . <br /> <br />,.'.., . <br /> <br />.'r > "." , ...' <br /> <br />. .."...'.:.+...- <br /> <br />CITY OF NEW BRIGHTON <br /> <br />EXHIBIT XXX-C <br /> <br />BCP II SOUTH. TIF #29 <br />ASSUMPTIONS <br /> <br />Original Market Value Area Land @ $1 Building Total <br />Parcel A 7,594 sq. ft. 7,594 0 $7,594 <br />Parcel C 66,890 sq. ft. 66,890 0 66,890 <br />Parcel D 100,130 sq. ft. 100,130 0 100,130 <br />Vacated 5th Ave. 12,267 sq. ft. 12,267 0 12,267 <br /> -------_...------ --------------- <br />Total Original Market Value 174,614 sq. ft. $174,614 <br />Original Tax Capacity 4,536 <br /> 2.45% <= 150,000 <br /> 3.50% > 150,000 <br />Estimated Market Value 1,860,000 <br />Phase III * 38,000 sq. ft. x 40.0% ::: 15,200 sq. ft. @ 37.50 Isf 570,000 <br />PhaselV* 36,000 sq. ft. x 40.0% = 14,400 sq. ft. @ 37.50 1st 540,000 <br />Phase V 20,000 sq. ft. x 100.0% = 20,000 sq. tt. @ 37.50 Isf 750,000 <br />--------------- --------------- <br /> 94,000 sq. ft. TOTAL 49,600 sq. ft. <br /> <br />Estimated Tax Capacity <br />2.45% <br />3.50% <br /> <br />63,525 <br /> <br /><= 150,000 <br />> 150,000 <br /> <br />Estimated Taxes <br /> <br />49,600 sq. ft. @ <br /> <br />1.57 1st <br /> <br />77,891 <br /> <br />Construction <br />Valuation <br />Taxes Payable <br /> <br />2000 <br />2001 <br />2002 <br /> <br />4.2% <br />of mkt value <br /> <br />Pay 1999 Tax Rate <br /> <br />1.22614 <br /> <br />Inflation <br /> <br />2003 / 2004 <br /> <br />2.00% <br /> <br />Administration Fees <br /> <br />10.00% <br /> <br />Present Value Rate <br /> <br />06/01/99 7.50% <br /> <br />BCP2 South TIF29b.WK4 <br /> <br />Prepared by Krass Monroe, P .A. 05/10/99 <br />