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<br />I <br /> <br />I;! <br /> <br />XXXVI-C <br /> <br />CITY OF NEW BRIGHTON <br />Marv's Transmission Site. Office Condo Development. TIF #33 <br />ASSUMPTIONS <br /> <br /> Area of Parcel 1/212006 Market Value (Pay 2007) <br />Original rket Values (Acres) . (Sq. Feet) land Building Total <br />Marv's nsmission 29.30.23.11-0093 0.43 18,620 123,500 111,500 $ 235,000 <br /> 6.63 per sq. ft. of Land <br />Original T Capacity Class Rate 3,950 <br />Comme aI/Retail 235,000 @ 1.5%/2.0% '" 3,950 <br />Rental 0 @ 1.25% '" 0 <br />Owner cupied 0 @ 1.00% '" 0 <br /> 235,000 <br /> <br />Estimated arket Value <br />Estimated ax Capacity <br />Estimated axes <br />Estimated ax Increment <br /> <br />liB <br />Built-2006 <br />2007 <br />2008 <br /> <br />6,000 sq. ft. @ $ 100.00 <br /> <br />$600,000 <br />11 ,250 <br />19.425 <br />8,140 <br /> <br />2.6 times Increase in MV <br /> <br />41.9% of lotal taxes <br /> <br />Coverage <br /> <br />32.2% <br /> <br />Local Tax <br />State Tax <br />Eft. Incr. 0 <br />Combin <br /> <br />ate - Pay 2006 ISO 621, RC WS <br />te. Pay 2006 <br />ocal tax rate for taxes at F.D. rate <br />Tax Rate - CIl Property Only <br /> <br />1.11508 .. <br />0.50827 (C/I only) <br />0.03504 (CIl only) <br />1.65839 <br />.. used for lax Increment calculations <br /> <br />Market Va e Referendum Tax Rate <br /> <br />0.12803% <br /> <br />Program I dmln Fees <br /> <br />10.00% <br /> <br />State Aud r Fee <br /> <br />0.000% <br /> <br />Inflation <br /> <br />5.00% <br /> <br />Marv's ansmission site 2006e - TIF Plan.xls <br /> <br />XXXVI-C-1 <br /> <br />6/21/2006 <br /> <br />, I <br />