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Ll <br />TAX INCREMENT FINANCING (ECONOMIC DEVELOPMENT) DISTRICT NO. 1 -7 <br />Exhibit III <br />Centerville <br />Tax Increment Financing District No. 1 -7 <br />Impact on Other Taxing Jurisdictions <br />(Taxes Payable 2012) <br />Development Project <br />ANNUAL TAX INCREMENT <br />Estimated Annual Captured Tax Capacity (Full Development) $14,174 <br />Payable 2012 Local Tax Rate 156.326% <br />Estimated Annual Tax Increment $22,158 <br />Percent of Tax Base <br />Net Tax <br />Net Tax <br />Captured <br />Capacity <br />% of Total <br />Percent of <br />Capacity <br />Tax <br />(NT <br />Share <br />Total NTC <br />(NTC) <br />Capacity <br />42.729% <br />Centerville 3,117,102 <br />14,174 <br />0.45% <br />Anoka County 282,472,017 <br />14,174 <br />0.01% <br />ISD 12 27,711,529 <br />14,174 <br />0.05% <br />Dollar Impact of Affected Taxing Jurisdictions <br />NOTE NO. 1: Assuming that ALL of the captured tax capacity would be available to all taxing jurisdictions <br />even if the City does not create the Tax Increment District, the creation of the District will reduce tax <br />capacities and increase the local tax rate as illustrated in the above tables. <br />NOTE NO. 2: Assuming that NONE of the captured tax capacity would be available to the taxing jurisdiction <br />if the City did not create the Tax Increment District then the plan has virtually no initial effect on the tax <br />capacities of the taxing jurisdictions. However, once the District is established, allowable costs paid from the <br />increments, and the District is terminated, all taxing jurisdictions will experience an increase in their tax <br />base. <br />ADOPTED L <br />14 <br />Net Tax <br />Tax <br />Added <br />Capacity <br />% of Total <br />Increment <br />Local Tax <br />(NT <br />Share <br />Rate <br />Centerville <br />66.796% <br />42.729% <br />9,468 <br />0.304% <br />Anoka County <br />41.146% <br />26.321% <br />5,832 <br />0.002% <br />ISD 12 <br />40.010% <br />25.594% <br />5,671 <br />0.020% <br />Other <br />8.374% <br />5.357% <br />1,187 <br />Totals <br />156.326% <br />100.000% <br />22,158 <br />NOTE NO. 1: Assuming that ALL of the captured tax capacity would be available to all taxing jurisdictions <br />even if the City does not create the Tax Increment District, the creation of the District will reduce tax <br />capacities and increase the local tax rate as illustrated in the above tables. <br />NOTE NO. 2: Assuming that NONE of the captured tax capacity would be available to the taxing jurisdiction <br />if the City did not create the Tax Increment District then the plan has virtually no initial effect on the tax <br />capacities of the taxing jurisdictions. However, once the District is established, allowable costs paid from the <br />increments, and the District is terminated, all taxing jurisdictions will experience an increase in their tax <br />base. <br />ADOPTED L <br />14 <br />