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City of Roseville,, Minnesota Section 0 Original Tax Capacity Rate T'hle County Aud�itor shlall also certify the origin�al tax capacity rate of the TIF District. This rate shlall be the sum calf gall local tax ratees thlat apply to, prolpeerty in the TIF District. This rate shlall be for the same taxees payable year as the oirigin�al neet tax capacity. In future years, the amount of tax in�cremen�t generated by the TIF District will be calculated usin�g the lesser of (a) thi; sum of the curren�t local tax rates at th�at time oir (b) the oirigin�al tax capacity rate of the T'IF'District. T'h�e sum of all local tax rates th�at apply to, prolperty in the TIF District, for taxes levied in 2009 and payable im 2QQQ was QQ Q4 Q 99.368% as shown belolw. T'h�e Colunty Aud�itoir sh�all certify th�is amolunt as the oiriginal ta capacity rate of the T'IF'District. I Taxing Jurisdiction City of Rolseville Ramsey Colunty SD #623 #Pfter I Me Section P Projected Retainled Captured Net Tax Capacity and Projected Tax Increment F'inal �2nnQj�2nna A-. W W %.fl 2009/2010 L • 1 G-; 1 .7'�-; Y � 2,,-; t e �2 4 F4 F4 4 A-. 11.%W %W 27.369% F44�r, 50.248% r-�24 01, 13.065% 8.685% !W1WWA1&W1W WWA T'h�e City anticipates th�at the project will be completed by December 31, 2012 creating a total tax capacity for TIF District No,. 18 of $99,221.1 $107,959 as of January 2, 2013. T'h�e captured tax capacity as of th�at d�ate is estimated to, be $6.0,004 $64,207 and the first full year of tax increment is estimated to, be $5)3,911, � $63,801 payable in 2014. A colmplete sch�ed�ule of estimated tax increment from the T'IF'District is shown in Exh�ibit 111. T'hlee estimates shown in this TIF Plan assume thlat affbrdablee reental hlolusin class ratees remain at 0.75% of the estimated markeet valuee, markeet rate reental holusim g class ratees remain at 1.25% of the estimated markeet valuee, and assume a 2.5% ammual imcreeasee in market values. Each year the Colunty Aud�itoir sh�all d�etermine the current net tax capacity of all prolperty in the TIF District. To, the extent th�at th�is total exceed�s the oiriginal net tax capacity, the d�ifference sh�all be known as the captured net tax capacity of the T'IF'District. T'h�e Colunty Aud�itoir sh�all certify to, the City the amount of captured net tax capacity each year. T'h�e City may ch�oloise to, retain any or all of th�is amolunt. It is the City's intention to, retain 100% of the captured net tax capacity of the TIF District. Such amolunt sh�all be known as the retained captured net tax capacity of the T'IF'District. Exh�ibit 11 gives a listing of the various information and assumptiolns used in preparing a number of the exh�ibits contained in th�is TIF Plan. Exh�ibit III sh�olws the projected tax increment generated olver the anticipated life olfth�e TIF District. Section Q Use of Tax Increment Each year the Colunty Treasurer sh�all d�ed�uct 0.36% of the annual tax increment generated by the T'IF'District and pa such amolunt to, the State's General F'und�. Such amolunts will be appropriated to, the State Aud�itoir foir the cost I SPRINGS�TED Page 7