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<br />TAX INCREMENT FINANCING REDEVELOPMENT DISTRICT NO. 18
<br />Exhibit II
<br />City of Centerville
<br />Tax Increment Financing District No. 1-8 (Redevelopment)
<br />Centerville - Westview St.
<br />Projected Tax Increment Financing (TIF) Cash Flow
<br />Taxable Less
<br />TIF Taxes Less Captured Original PV
<br />Market Tax Captured State Available
<br />District Payable Base Tax Tax Tax
<br />Available
<br />Value CapacityTIFAuditor TIF
<br />YearYearCapacityCapacityRateTIF
<br />(TMV)Fee
<br />12028 24,890,440311,131(11,022)300,10994.30%282,988(1,019)281,969257,581
<br />22029 25,139,344314,242(11,022)303,22094.30%285,921(1,029)284,892505,292
<br />32030 25,390,738317,384(11,022)306,36294.30%288,884(1,040)287,844743,509
<br />42031 25,644,645320,558(11,022)309,53694.30%291,877(1,051)290,826972,597
<br />52032 25,901,092323,764(11,022)312,74294.30%294,900(1,062)293,8381,192,905
<br />62033 26,160,103327,001(11,022)315,98094.30%297,953(1,073)296,8801,404,768
<br />72034 26,421,704330,271(11,022)319,25094.30%301,036(1,084)299,9521,608,509
<br />82035 26,685,921333,574(11,022)322,55294.30%304,151(1,095)303,0561,804,439
<br />92036 26,952,780336,910(11,022)325,88894.30%307,296(1,106)306,1901,992,856
<br />102037 27,222,308340,279(11,022)329,25794.30%310,473(1,118)309,3552,174,049
<br />112038 27,494,531343,682(11,022)332,66094.30%313,682(1,129)312,5532,348,293
<br />122039 27,769,476347,118(11,022)336,09794.30%316,922(1,141)315,7812,515,854
<br />132040 28,047,171350,590(11,022)339,56894.30%320,196(1,153)319,0432,676,989
<br />142041 28,327,643354,096(11,022)343,07494.30%323,501(1,165)322,3362,831,942
<br />152042 28,610,919357,636(11,022)346,61594.30%326,840(1,177)325,6632,980,952
<br />TOTAL = 4,566,620(16,440)4,550,1802,980,952
<br />Key Assumptions for Cash Flow:
<br />1 Taxable market value (TMV) annual growth assumption = 1.0%
<br />2Original Tax Capacity Rate estimated based on Taxes Payable Year 2024.
<br />3Election for captured tax capacity is 100.00%
<br />4Base Tax Capacity is calculated based on a TMV = $881,742.
<br />5Present Value (PV) is calculated based on semi-annual payments, 5.0% rate, and based on estimated date of
<br />1/1/2027.
<br />6TMV is based on 104-home market rate apartment project and estimated TMV by the city assessor of
<br />$24,400,000 for tax year 2024. The TMV for Taxes Payable Year 2028 is adjusted for the assumed annual growth
<br />assumption of 1.0%.
<br />7City elects for first year of TIF to be 2028.
<br />8Available TIF is after deducting state auditor fee (0.36%).
<br />9Net Available TIF is calculated at 95% of the Available TIF.
<br />10Election for fiscal disparities to be paid from inside of the TIF District (option "B"). Fiscal disparities applies to
<br />commercial development only. The current TIF Plan includes residential development only. Future modification
<br />to the TIF Plan may include commercial development.
<br />DRAFT AS OF JUNE 5, 2024 14
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