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<br />II, <br />I I <br /> <br />EXHIBIT C ~ NUMERICAL "BUT FOR" * <br /> <br />ESTIMATED MARKET VALUE INCREASE FOR A REDEVELOPMENT PROJECT <br />WITHOUT TAX INCREMENT ASSISTANCE <br /> <br />it anticipated that without tax increment assistance there would be no redevelopment of <br />t parcel within the foreseeable future, <br /> <br /> <br />imated Market Value <br />s: Original Market Value <br />reased Market Value <br /> <br />$ ~ 0- <br />$ 235,000 <br />$ ~ 0- <br /> <br />ESTIMATED MARKET VALUE INCREASE FOR A REDEVELOPMENT PROJECT <br />WITH TAX INCREMENT ASSISTANCE <br /> <br />it i anticipated that with tax increment assistance the following construction could be <br />r Iized: <br /> <br />6, 00 square foot office building with surface parking <br /> <br />E imated Market Value <br />L 5: Original Market Value <br />I reased Market Value <br />L 5: Present Value of the Tax Increment Generated* <br />5.0% over the term of the Proposed District <br />See Attached Schedule 1 <br />N Increased Market Value <br /> <br />$ 600,000 <br />$ 235,000 <br />$ 365,000 <br />$ 213,123 <br /> <br />$ 151,877 <br /> <br />* i eludes tax increment revenue generated from the Proposed District <br /> <br />G; PDATA\N\NEW BRIGHTON\55\TIF\COUNCIL RESOLUTION,DOC <br /> <br />8 <br /> <br />I <br />i ,i <br />