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IV-C
<br />CITY OF ARDEN HILLS; MINNESOTA
<br />COTTAGE LIFESTYLES SENIOR HOUSING
<br />Original
<br />Estimated
<br />Captured
<br />Estimated
<br />10%
<br />Available
<br />Tax
<br />Tax
<br />Tax
<br />Tax
<br />Admin.
<br />Tax
<br />Year
<br />Capacity
<br />Capacity
<br />Capacity
<br />Increment
<br />Expense
<br />Increment
<br />1993
<br />$5,443
<br />$5,443
<br />0
<br />0
<br />0
<br />0
<br />1994
<br />5,443
<br />5,443
<br />0
<br />0
<br />0
<br />0
<br />1995
<br />51443
<br />54,296
<br />$48,853
<br />$63,930
<br />$6,393
<br />$57,537
<br />1996
<br />51443
<br />54,296
<br />48,853
<br />63,930
<br />6,393
<br />57,537
<br />1997
<br />5,443
<br />54,296
<br />48,853
<br />63,930
<br />61393
<br />57,537
<br />1998
<br />51443
<br />54, 296
<br />48,853
<br />63,930
<br />61393
<br />57,537
<br />1999
<br />51443
<br />54,296
<br />48,853
<br />63,930
<br />61393
<br />57,537
<br />2000
<br />51443
<br />54,296
<br />48,853
<br />63,930
<br />61393
<br />57,537
<br />2001
<br />51443
<br />54,296
<br />48,853
<br />63,930
<br />6,393
<br />57,537
<br />2002
<br />51443
<br />54,296
<br />48,853
<br />63,930
<br />61393
<br />57,537
<br />2003
<br />51443
<br />54, 296
<br />48,853
<br />63,930
<br />61393
<br />57,537
<br />2004
<br />51443
<br />54,296
<br />48,853
<br />63,930
<br />61393
<br />57,537
<br />2005
<br />5,443'
<br />54,296
<br />48,853
<br />63,930
<br />61393
<br />57,537
<br />2006
<br />51443
<br />54,296
<br />48,853
<br />63,930
<br />61393
<br />57,537
<br />2007
<br />5,443
<br />54,296
<br />48,853
<br />63,930
<br />61393
<br />57,537
<br />2008
<br />51443
<br />54,296
<br />48,853
<br />63,930
<br />61393
<br />57,537
<br />2009
<br />51443
<br />54,296
<br />48,853
<br />63,930
<br />6,393
<br />57,537
<br />958,950 $95,895 $863,055
<br />Original tax capacity: 51443
<br />Estimated Market Value:
<br />Building (2 .4 % class rate) 2,100,000
<br />Land (3 .4 % class rate) 114,600
<br />Total Tax Capacity 54,296
<br />Tax Capacity Rate 130.864
<br />Completion 1993
<br />(AS MODIFIED DECEMBER 14, 2009)
<br />See Section 2-12 of this Plan for the current assumptions used in the estimates of increments used in
<br />the authorized budgets for Tax Increment Financing District No. 3.
<br />City of Arden Hills Modification of Tax Increment Financing District No. 3 15
<br />
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