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Worksheet Number 2 <br />Hamline Senior w <br />Real Estate Tax and TIF Calculations <br />92 Unit Senior Housing & <br />13,450 Sq. Ft. Retail <br />Senior Housing Range <br />Construction Cost <br />S 13.16541480 <br />13 565 4 ,1480 <br />Sales Market Ratio <br />100 <br />.9 <br />Taxable Market Value <br />$1316549480 <br />1 23,97 1,756 <br />Rental Housing (4A) Tax Class Rate <br />.0125 <br />.0125 <br />Tax Capacitor Value <br />1 7001 <br />1621147 <br />Frozen Base Tax Capacity <br />- 239250 <br />- 23,250 <br />Net Tax Capacity <br />147}431 <br />1381$97 <br />Local Tax late (#623) <br />.99401 <br />9940 1 <br />Gross Tax Increment <br />146}547 <br />138,065 <br />Senior Housing Tax Increment./Unit <br />1 f593 <br />13500 <br />Gross Real Estate Tax <br />169,658 <br />1613175 <br />Per Unit Grass Tax <br />1 1844 <br />1 7752 <br />Total Tax Increment <br />Retail Space at 1.5 6 /sq. ft. (See worksheet 2. 1) <br />92 Unit Senior Housing <br />Total Annual TIF <br />89$86 85442 <br />1465547 1381065 <br />1 555433 $1469507 <br />Page 4 <br />Harrdine Senior Housing <br />