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SCENARIO B
<br />City of Centerville
<br />Tax Abatement Project
<br />Hotel and Restaurant
<br />Projected Tax Abatement Revenue from City Tax Abatement, No Adjustment for Fiscal Disparities Contribution
<br />Taxable Less FD Net Tax PV
<br />Tax Taxes Less Base
<br />Market Tax Captured Capacity City Tax City Tax Available
<br />Abatement Payable Tax
<br />Value CapacityTax for Tax RateAbatementCity Tax
<br />YearYearCapacity
<br />(TMV)CapacityAbatementAbatement
<br />12026 7,500,000148,500(12,838)135,66241.29%56,01150,901
<br />22027 7,575,000150,000(12,838)137,16241.29%56,630100,366
<br />32028 7,650,750151,515(12,838)138,67741.29%57,256148,436
<br />42029 7,727,258153,045(12,838)140,20741.29%57,887195,149
<br />52030 7,804,530154,591(12,838)141,75341.29%58,525240,542
<br />62031 7,882,575156,152(12,838)143,31441.29%59,170284,654
<br />72032 7,961,401157,728(12,838)144,89041.29%59,821327,519
<br />82033 8,041,015159,320(12,838)146,48241.29%60,478369,173
<br />92034 8,121,425160,929(12,838)148,09141.29%61,142409,648
<br />102035 8,202,640 162,553(12,838)149,71541.29%61,813448,979
<br />112036 8,284,666164,193(12,838)151,35541.29%62,490487,196
<br />122037 8,367,513165,850(12,838)153,01241.29%63,174524,331
<br />132038 8,451,188167,524(12,838)154,68641.29%63,865560,415
<br />142039 8,535,700169,214(12,838)156,37641.29%64,563595,477
<br />152040 8,621,057170,921(12,838)158,08341.29%65,268629,545
<br />TOTAL = 908,093629,545629,545
<br />Key Asssumptions for Cash Flow:
<br />1 Taxable market value (TMV) annual growth assumption = 1.0%
<br />2City Tax Rate 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 3 of 54/20/2023
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