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City of Roseville,, Minnesota <br />T'hJe City reserves the righJt to ad�minJistrativeily adjust the amoiunJt of anJy of the iteims listed aboive oir to inJcoirpoirate <br />ad�d�itioinJal eiligible items, so loinJg as the total estimated public cost is nJoit inJcreiaseid�. <br />Section L Estimated Sources of Revenue <br />Tax InJcreimeinJt reiveinJue <br />Interest oinJ invested funJds <br />Boind/Noite proiceieid�s <br />Real eistate saleis <br />Ofter <br />mm <br />OriginJal Plan <br />July 13, 2009 <br />$211941615 <br />25,000 <br />0 <br />0 <br />0 <br />Modification 1 <br />JunJe 13. 2011 <br />2,602,233 <br />25,000 <br />0 <br />0 <br />0 <br />$212191615 $216271233 <br />T'hJe City anJticipateis prolvid�inJg finJanJcial assistanJce to, the proposed development oinJ a pay-ias-iyolu-igo, teichJnJiquei. <br />UnJd�eir the pay-ias-iyolu-igo, sceiriJariol, future tax inJcreimeinJts received from the property within the TIF District an; <br />distributed to, the developer/owner as reimbursement for public costs incurred (see Section K). <br />T'hJe City reserves the righJt <br />• oir all public costs • the TIF District usinJg pay-ias-iyolu-igo, assistanJcei, <br />inJteirnJal funJd�inJg, geinJeiral obligation oir revenue d�eibt, oir anJy olthJeir financing meichJanJism authorized by law. T'hJe City <br />also, reserves the righJt to, use olthJeir solurceis of reiveinJue leigally applicable to, the Project Areia to, pay foir such costs <br />inJclud�inJg, but nJolt limited to,, speicial asseissmeinJts, utility reiveinJueis, federal or state funJd�s, and inJveistmeinJt inJcolmei. <br />Section M Estimated Amouin�t of Bonded Indebtedness <br />T'hJe City d�oleis nJolt anJticipate issuinJg tax inJcreimeinJt boinJd�s to, finJanJce the estimated public costs of the TIF District. <br />However it reserves the righJt to, issue an amolunJt thJat would nJolt exceed $1,005,000 ($913,610 plus 10% olveiragei). <br />Section N Original Net Tax Capacity <br />T'hJe ColunJty Aud�itoir shJall certify the oiriginJal nJeit tax capacity of the T'IF'District. T'hJis value will be eiqual to, the total nJeil, <br />tax capacity of all prolpeirty in the TIF District as certified by the State ColmmissiolnJeir of ReiveinJuei. F'olr d�istricts certified <br />between JanJuary 1 and JunJe 30, inJclusivei, thJis value is based oinJ the preiviolus asseissmeinJt yeiar. For d�istricts <br />certified between July 1 and December 31, inJclusi thJis value is based oinJ the curreinJt asseissmeinJt yeiar. <br />T'hJe Estimated Market Value of all property within the TIF District as of JanJuary 2, 2009, for taxeis payable i <br />2QQQ is $Fi non 0 <br />.WW%e I %iiiW1W 0,900. Upoin eistablishJmeinJt of the TIF District, and subseiqueinJt reclassification of <br />portion of the prolpeirty to, reinJtal from affoird�able reinJtal, it is estimated thJat the oiriginJal nJeit tax capacity of the T'l <br />District will be approiximateily $391921%lf $43,752. 1 <br />Each yeiar the ColunJty Aud�itoir shJall certify the amolunJt thJat the oiriginJal nJeit tax capacity hJas increased oir decreased aas <br />;z result of: <br />illiq 111111111111111 <br />;11 1 1111111llIIIIIIIi <br />iiiiiii 11111111 Jill <br />FF mam <br />SiPRINGSiTED Page 6 <br />