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SCENARIO A
<br />City of Centerville
<br />Tax Abatement Project
<br />Hotel and Restaurant
<br />Projected Tax Abatement Revenue from City Tax Abatement, Adjusted for Fiscal Disparities ContributionProjected Tax Abatement Revenue from City Tax Abatement, Adjusted for Fiscal Disparities
<br /> Contribution
<br />Taxable Less FD Net Tax PV
<br />Tax Taxes Less Base
<br />Market Tax Captured Capacity for City Tax City Tax Available
<br />Abatement Payable Tax
<br />Value CapacityTax Tax RateAbatementCity Tax
<br />YearYearCapacity
<br />(TMV)CapacityAbatementAbatement
<br />12026 7,500,000148,500(12,838)(38,199)97,46341.29%40,24036,569
<br />22027 7,575,000150,000(12,838)(38,621)98,54141.29%40,68572,106
<br />32028 7,650,750151,515(12,838)(39,048)99,62941.29%41,134106,641
<br />42029 7,727,258153,045(12,838)(39,479)100,72841.29%41,588140,201
<br />52030 7,804,530154,591(12,838)(39,914)101,83941.29%42,046172,813
<br />62031 7,882,575156,152(12,838)(40,353)102,96041.29%42,509204,504
<br />72032 7,961,401157,728(12,838)(40,797)104,09341.29%42,977235,299
<br />82033 8,041,015159,320(12,838)(41,246)105,23741.29%43,449265,224
<br />92034 8,121,425160,929(12,838)(41,698)106,39241.29%43,926294,303
<br />102035 8,202,640 162,553(12,838)(42,156)107,55941.29%44,408322,559
<br />112036 8,284,666164,193(12,838)(42,618)108,73841.29%44,894350,015
<br />122037 8,367,513165,850(12,838)(43,084)109,92841.29%45,386376,694
<br />132038 8,451,188167,524(12,838)(43,555)111,13041.29%45,882402,617
<br />142039 8,535,700169,214(12,838)(44,031)112,34541.29%46,384427,807
<br />152040 8,621,057170,921(12,838)(44,512)113,57141.29%46,890452,282
<br />TOTAL = 652,398452,282452,282
<br />Key Asssumptions for Cash Flow:
<br />1 Taxable market value (TMV) annual growth assumption = 1.0%
<br />2City Tax Rate, and Fiscal Disparities rates, estimated based on Taxes Payable Year 2023.
<br />3Election for captured tax capacity is 100.00%
<br />4Base Tax Capacity is calculated based on a TMV = $679,400.
<br />5Present Value (PV) is calculated based on semi-annual payments, 4.0% rate, and based on estimated date of
<br />6/1/2024.
<br />6TMV is based on assessor's estiamte for 84 unit hotel and 4,800 SF restaurant.
<br />Page 2 of 54/20/2023
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