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()- <br />TAX INCREMENT FINANCING REDEVELOPMENT DISTRICT NO. 18 <br />Exhibit I <br />City of Centerville <br />Tax Increment Financing District No. 1-8 <br />Present Value Analysis As Required By Statute <br />Minnesota Statutes 469.175(3)(2) <br />Centerville - Westview St. <br />1 <br />1 Estimated Future Market Value w/ Tax Increment Financing28,047,171 <br />2 Payable 2024 Market Value881,742 <br />3 Market Value Increase (1-2)27,165,428 <br />4 Present Value of Future Tax Increments2,980,952 <br />5 Market Value Increase Less PV of Tax Increments24,184,477 <br />1 <br />6 Estimated Future Market Value w/o Tax Increment Financing1,013,540 <br />7 Payable 2024 Market Value881,742 <br />8 Market Value Increase (6-7)131,798 <br />2 <br />9 Increase in MV From TIF24,052,679 <br />1 <br />Assume 1.00% annual appreciation over 15 year life of district. <br />2 <br />Statutory compliance achieved if increase in market value from TIF (Line 9) is <br />greater than or equal to zero. <br />DRAFT AS OF JUNE 5, 2024 13 <br /> <br />