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MO O Base Value AssumptioSge 1 <br /> 0 EHLERS <br /> & ASSOCIATES INC <br /> Presbyterian Homes <br /> City of Arden Hills <br /> 152 Senior Apartments and 50 Rental Brownstones <br /> ASSUMPTIONS AND RATES <br /> DistrictType: Renewal and Renovation Maximum/Frozen Local Tax Rate: 105.4326% Pay 2010 <br /> District Name/Number: Current Local Tax Rate:(Use lesser of Current or Max.) 105.4326% Pay 2010 <br /> County District#: State-wide Tax Rate(Comm./Ind.only used for total taxes) 45.8810% Pay 2010 <br /> First Year Construction or Inflation on Value 2011 Market Value Tax Rate(Used for total taxes) 0.18882% Pay 2010 <br /> Existing District - Specify No.Years Remaining <br /> Inflation Rate-Every Year: 0.00% PROPERTY TAX CLASSES AND CLASS RATES <br /> Interest Rate: 6.25% Exempt Class Rate(Exempt) 0.00% <br /> Present Value Date: 1-Feb-12 Commercial Industrial Preferred Class Rate(C/I Pref.) <br /> First Period Ending 1-Aug-12 First $150,000 1.50% <br /> Tax Year District was Certified: Pay 2010 Over $150,000 2.00% <br /> Cashflow Assumes First Tax Increment For District: 2013 Commercial Industrial Class Rate(C/I) 2.00% <br /> Years of Tax Increment 16 Rental Housing Class Rate(Rental) 1.25% <br /> Assumes Last Year of Tax Increment 2028 Affordable Rental Housing Class Rate(Aff.Rental) 0.75% <br /> Fiscal Disparities Election[Outside(A), Inside(B),or NA] NA Non-Homestead Residential(Non-H Res.) 1.25% <br /> Incremental or Total Fiscal Disparities Incremental Homestead Residental Class Rate(Hmstd.Res.) <br /> Fiscal Disparities Contribution Ratio 38.8263% Pay 2010 First $500,000 1.000/0 <br /> Fiscal Disparities Metro-Wide Tax Rate 121.7320% Pay 2010 Over $500,000 1.25% <br /> Agricultural Non-Homestead 1.00% <br /> BASE VALUE INFORMATION (Original Tax Capacity) <br /> Percentage Tax Year Property Current Class After <br /> Land Building Total Of Value Used Original Original Tax Original After Conversion <br /> Use PID Owner Address Market Value Market Value Market Value for District Market Value Market Value Class Tax Capacity Conversion Orig.Tax Cap. Area/Phase <br /> N.Home 33-30-23-43-0023 Pres Homes 3220 Lk.J.Blvd 28,862,400 100% 28,862,400 Pay 2010 Exempt - Exempt <br /> Sr.Apt 33-30-23-43-0023 Pres Homes 3220 Lk.J.Blvd 8,036,400 100% 8,036,400 Pay 2010 Rental 100,455 Rental 100,455 <br /> 36,898,800 100,455 100,455 <br /> Note: <br /> 1. Base values are for pay 2011. <br /> Prepared by Ehlers&Associates,Inc.-Estimates Only N'.Vdinnsot&Arden Hills\Housing-Economic-Redevelopment\Pending Projects\Pres Homes and Library\Renovation Renewal TIE run 8.31.2010.sks <br />