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SCENARIO C
<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 or for
<br />Base Value
<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 7,500,000148,500148,50041.29%61,31155,718
<br />22027 7,575,000150,000150,00041.29%61,931109,813
<br />32028 7,650,750151,515151,51541.29%62,556162,333
<br />42029 7,727,258153,045153,04541.29%63,188213,323
<br />52030 7,804,530154,591154,59141.29%63,826262,828
<br />62031 7,882,575156,152156,15241.29%64,470310,891
<br />72032 7,961,401157,728157,72841.29%65,121357,554
<br />82033 8,041,015159,320159,32041.29%65,779402,858
<br />92034 8,121,425160,929160,92941.29%66,443446,843
<br />102035 8,202,640 162,553 162,55341.29%67,113489,546
<br />112036 8,284,666164,193164,19341.29%67,790531,005
<br />122037 8,367,513165,850165,85041.29%68,475571,256
<br />132038 8,451,188167,524167,52441.29%69,166610,335
<br />142039 8,535,700169,214169,21441.29%69,863648,275
<br />152040 8,621,057170,921170,92141.29%70,568685,110
<br />TOTAL = 987,600685,110685,110
<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 4 of 54/20/2023
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