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If the new taxes were not captur:d (and if the project could be done without tax increment financing), they <br /> would be distributed as follows: <br /> IMPACT ON TAX RATES <br /> 1988/1989 Percent Potential <br /> Extension Rates of Total CTC Taxes <br /> Anoka Couniv 0274250 24.5244 18,000 4,937 <br /> I.S.D. No, 12 0.539670 48.26% 18,000 9,714 <br /> City of Centerville 0250790 22,41% 18,000 4,514 <br /> Other 0,053570 4.79% 18,000 964 <br /> Total 1.118280 100.00% 20.129 <br /> School District No. 12 comp*.iscd 48.3`'- - o[ the 1981;/89 tax rate, while Ano'ra County comprised 24.5%. The <br /> City of Centerville made up =14 of ti,c 19S8/89 cun;ulativc !cvy for the taxing jurisdictions affected by the <br /> Tax lticrdnient fhstnct propoial. A O grocs t:i ?: e paeit)' :ate of 111 has been utilized in the tax increment <br /> financing plan_ <br /> If the new mxea estimated within Tax locrcfnv nt;.isttict No. 1 -3 are captured for the duration of the District, <br /> taxes and values wilt experieace no change. <br /> (As modified September 24, 1997) <br /> The County and School District previously beer. h< ve notified of the fiscal implications of District No. <br /> 1 -3. The follewing is a restatement of the current, fiscal implications based on current tax rates and <br /> values. There are no additional f;,. al implications as a result of this modification. The estimated <br /> impact on other taxing jurisdi: Lions assumes construction would have occurred without the creation <br /> of a Tax Increment Financing District. If the construction is a result of tax increment financing, the <br /> impact is $0 to Other entities. Not+vlthsta!id:ng the fast that the fiscal impact on the other taxing <br /> jurisdictiors is $0 due to thle fact (flat the construction would not have occurred without the assistance <br /> of the City, the followinu is the estimated total impact of Tax Increment Financing District No. 1 -3 as <br /> of Pay 1997 if the "but for" test w, as not met: <br /> IMPACT ON TAX BASE <br /> 1996 /1997 Estimated Captured <br /> Total Net Tax Capacity (CTC) Percent of CTC <br /> Tax Capacity Upon Proiect to Entity Total <br /> Completion <br /> Anoka County 183,317,918 78,115 0.0426% <br /> I.S.D. No. 12 15,297,037 78,115 0.5107% <br /> City of Centerville I,274,916 78,115 6,1271% <br /> City of C,ntcr. ill, M1!a1:fi:,i;iatl 15 ;I:e Toa Inc: e:rent Fare.. =.c:ne f':: , for T5x Increment Fuanrmg Dutti.l No, 1 3 4 -3 <br />