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4/ Base Value Assumptioe 1 aEHLERS S ASSOCIA,CS ,NC Arden Village Apartments - No Inflation City of Arden Hills 55-Unit Apartment-4d Tax Classification ASSUMPTIONS AND RATES DlstrlctType: Housing Maximum/Frozen Local Tax Rate: 105.4760% Pay 2011 Est District Name/Number: Current Local Tax Rate:(Use lesser of Current or Max.) 105.4760% Pay 2011 Eat County District#: State-wide Tax Rate(Comm,/Ind.only used for total taxes) 45.8810% Pay 2011 Est First Year Construction or Inflation on Value 2011 Market Value Tax Rate(Used for total taxes) 0.18845% Pay 2011 Est Existing District • Specify No.Years Remaining Inflation Rate-Every Year: 0.00% PROPERTY TAX CLASSES AND CLASS RATES Interest Rate: 5.75% Exempt Class Rate(Exempt) 0.00% Present Value Date: 1-Aug•11 Commercial Industrial Preferred Class Rate(C/I Pref.) First Period Ending 1-Feb-12 First $150,000 1,50% Tax Year District was Certified: Pay 2010 Over $150,000 2.00% Cashflow Assumes First Tax Increment For District: 2013 Commercial Industrial Class Rate(C/I) 2.00% Years of Tax Increment 26 Rental Housing Class Rate(Rental) 1.25% Assumes Last Year of Tax Increment 2038 Affordable Rental Housing Class Rate(Aft Rental) 0.75% Fiscal Disparities Election[Outside(A), Inside(B),or NA[ NA Non-Homestead Residential(Non•H Res.) 1.25% Incremental or Total Fiscal Disparities Incremental Homestead Residental Class Rate(Hmstd.Res.) Fiscal Disparities Contribution Ratio 37.6592% Pay 2011 Est First $500,000 1.00% Fiscal Disparities Metro-Wide Tax Rate 121.7320% Pay 2011 Est Over $500.000 1.25% Agricultural Non-Homestead 1.00% BASE VALUE INFORMATION (Original Tax Capacity) Percentage Tax Year Property Current Class After Land Building Total Of Value Used Original Original Tax Original After Conversion Map# PID Owner Address Market Value Market Value Market Value for District Market Value Market Value Class Tax Capacity Conversion Orig.Tax Cap. Area/Phase Part of 27,30.23,12.0002 Cell Tower 1296 Cty Rd F 100.000 500.000 600.000 100% 600,000 Pay 2010 C/t Pref. 11,250 Exempt Part of 27.30.23,12.0002 Apt 1296 Cty Rd F 825,000 0 825,000 100% 825,000 Pay 2010 C/I Pref. 15 750 6,188 1,426,000 27,000 6,188 Note: 1. blase values are for pay 2011 per discussions with County Assessor on 4.6.10. Base value will tie reassigned when property is replatted. 2. District is located in SD'N621 Prepared by Ehlers 8 Associates,Inc.-Estimates Only N:wlinnsore'Arden HillstHousing-Economic-Redevelopment)TlF\Penarng ProjecteVArdon Village0TIF Run at 4d Rates 4.08.10xls