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Preliminary for Discussion Purposes Only <br />City of Centerville <br />Tax Increment Financing District No. 1-8 (Redevelopment) <br />Tax Increment Financing (TIF) Scenarios <br />Notes/Assumptions for Scenarios: <br />1. TIF estimates are after deducting State Auditor fee of 0.36% of tax increment collected. <br />2. TIF estimates assume taxable market value (TMV) annual growth of 0.50% over life of TIF District. <br />3. Original tax capacity rate for calculating TIF is based on rates as of Payable Year 2018. <br />4. Assumes election for captured tax capacity is 100.00% <br />5. Base Tax Capacity is calculated based on a TMV = $6,641,730. <br />6. Present value is calculated based on semi-annual payments, 4.0% rate, and date of 6/1/2019. <br />7. TMV for calculating TIF includes value of existing property based on assumed growth assumption plus <br />new housing project based on the different Scenarios. <br />8. Election for fiscal disparities (FD) contribution of commercial tax capacity to be paid from TIF District. <br />9. Maximum duration of 26 years is assumed for each of the Scenarios. <br />10. Annual TIF Revenue is representative of the first year of tax increment collection only. <br />Centerville TIF 1-8 Preliminary <br />.- Ik. <br />NORTHLAND <br />��..u, PUBLIC FINANCE <br />2/11/2019 <br />