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TAX INCREMENT FINANCING (ECONOMIC DEVELOPMENT) DISTRICT NO. 1 -7 <br />Exhibit I <br />Centerville <br />Tax Increment Financing District No. 1 -7 <br />Present Value Analysis As Required By <br />Minnesota Statutes 469.175(3)(2) <br />Development Project <br />1 Estimated Future Market Value w/ Tax Increment Financing 1,456,990 <br />2 Payable 2012 Market Value 202,400 <br />3 Market Value Increase (1 -2) 1,254,590 <br />4 Present Value of Future Tax Increments 147,024 <br />5 Market Value Increase Less PV of Tax Increments 1,107,566 <br />6 Estimated Future Market Value w/o Tax Increment Financing 210,639 1 <br />7 Payable 2012 Market Value 202,400 <br />8 Market Value Increase (6 -7) 8,239 <br />9 Increase in MV From TIF 1,099,327 2 <br />1 Assume 0.5% annual appreciation over 8 year life of district. <br />2 Statutory compliance achieved if increase in market value from TIF (Line 9) is <br />greater than or equal to zero. <br />ADOPTED ( 12 <br />