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city of <br /> I HTON <br /> ...E4�eft?(Mot ..:,Of ... City of New Brighton <br /> New Brighton Exchange <br /> Blocks G&1 <br /> APi Scenarios <br /> As of 10/12/2012 <br /> Finished Unit Total Taxable Total Net Tax Total Estimated <br /> Comparison Summary Value Market Value Capacity TIF <br /> BLOCK G <br /> 1) City"Concept Plan 1" $ 95,000 $ 11,210,000 $ 140,125 $ 2,704,829 <br /> Residential Apartments <br /> 118 Units built over two years beginning in 2013 <br /> 2) City"Concept Plan 2" $ 105.000 $ 9 110.780 $ 91,108 $ 1,784,884 <br /> Senior Housing(Owner Occupied/Co-op) PREVIOUS ASSUMPTIONS2 <br /> 118 units built over two years beginning in 2013 $ 195.000 $ 20.686.580 $ 206.866 $ 4,654.368 <br /> 3)City"Minimum Development"Scenario' S 105.000 $ 8.184.260 $ 81 843 $ 2,096.782 <br /> Senior Housing(Owner Occupied/Co-op) PREVIOUS ASSUMPTIONS2 <br /> 106 units built over two years beginning in 2014 $ 195,000 S 16,479,140 $ 164.791 $ 3.501.305 <br /> 3) APi Concept Plan <br /> South Lot: 30,000 sq.ft.building built in 2014/2015 $ 115.00 $ 3,450,000 <br /> North Lot: 45,000 sq.ft.building built in 2018/2019 $ 115.00 5,175,000 <br /> Total Block G $ 8,625,000 $ 172,500 $ 2,717,990 <br /> BLOCK J <br /> 1)City"Concept Plan 1"&"City Concept Plan 2" $ 115.00 $ 1,035.000 $ 20.700 $ 305.277 <br /> API expansion facility PREVIOUS ASSUMPTIONS2 <br /> 9,000 square feet built in 2014 $ 150.00 $ 1,350,000 $ 27,000 $ 440,128- <br /> 2) APi Concept Plan <br /> Additional parking <br /> Inflationary increases in market value only Land Only $ 299,700 $ 5,994 $ 40,746 <br /> Notes: <br /> 1) Due to continuing decline in market values,the Minimum Development Scenario has been adjusted from a 1 year lag and 20%fewer units <br /> to a 1 year lag and 10%fewer units than City Concept Plan 2 <br /> 2) Market values for Concept Plan 1 &2 and Minimum Development Scenario have been adjusted downward based on current comparable <br /> market values for taxes payable in 2013. Values are not inflated in future years. <br /> 10/12/2012 0 E H L E R S <br />