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City of Roseville,, Minnesota Section V Estimated Impact on Other Taxing Juirisdiction�s Exh�ibit IV sh�ows the estimated impact on olth�er taxing jurisd�ictiolns if the maximum projected retained captured net tax capacity • the TIF District was h�ypo e available to, the • er taxing jurisd�ictioln�s. T'h�e City believes th�at them will be no ad e e pact on o er taxing jurisd�ictio e life of the TIF District, sin�ce e proposed development would nolt h�ave occurred olut the e e • the TIF District and the provision • public assistance. A poisitive impact on olth�er taxing jurisd�ictiolns will occur when the TIF District is decertified and the development therein becolme part • the ge eral tax base. T'h�e fiscal and ecoin�olmic implicatioln�s of the proposed tax in�cremen�t fin�an�cin�g d�istrict, as pursuan�t to, M�in�n�esolta Statutes, Section 469.175, Subdivision 2, are listed belolw. 1 T'h�e total amolun�t of tax in�cremen�t th�at will be generated olver the life of the d�istrict is estimated to, be $ 2 7 2 OF 2 7 5 4 4 11,634. the exten�t the project in the proposed TIF District No,. 18 ge e ate any public cost impacts on city- provided services such as pollice and fire� prolte tioln�, public in�frastructure�, and boirrolwin�g costs attributable to, the d�istrict, such costs will be levied upon the taxable e t tax capacity of the City, e�xclun�g th�at portion captured by the District. T'h�e� City may co id�e�r issuing I obligation r en�t bo d�s to, fin�a e a portion of the costs attributable to, the District. amo t of r olver the life of the strict th�at would be attributable r• district levies, assumin�g the sch�ololl strict's sh�are of the total local r for all taxin�g jurisd�ictioln�s remained the same, is estimated to, be $26)(I.A. $343,381. 4. T'h�e� amolun�t of tax in�cre�me�n�ts olver the life of the trict th�at would be attributable to, county levies, assuming the county's sh�are of the total local tax rate for all taxin�g jurisd�ictioln�s remained the same is estimated to, be $1. 71 do 1 7 20,653. ad�d�itioln�al information h as been requested by the colun�ty or sch�ololl d�istrict th�at would en�able it to, determine ad�d�itioln�al costs th�at will accrue� to, it d�ue� to, the development proposed for the d�istrict. To, our knowledge n�eith�er en�tity h�as adopted standard questioln�s in a written pollicy on information requested for fiscal and ecoin�olmic implicatioln�s. Section W Prior Planned Improvements T'h�e City sh�all accolmpa equest for certification to, the Co d oir (o r• e arge ent), with a listing • all prolpe e e TIF District fo pr e been issued e 18 mointh�s immed�iately preced�ing approval of the TIFT'lan. T'h�e Colunty Aud�itoir sh�all increase the oiriginal net tax capacity olfth�e TI F District by the net tax capacity of each improlvement for which a build�ing permit was issued�. T'h�ere h�ave been no b pr rd in the last 18 mo onjunction with any • the prolperties within the 7'IF' District. I Section X Development Agreements If within a project coin�tain�in�g a h�olusin�g d�istrict, mom than 25% of the acreage of the prolperty to, be acquired by th City is purchased with tax in�cremen�t boin�d�s proiceed�s (to, which tax in�cremen�t from the prolperty is pled�ged�), then pri to, such acquisitioln�, the City must en�ter in�to, an agreement for the development • the prolperty. Such agreeme must p• ,r recourse for the City should the developme olt be colmpleted�. I S�PRINGS�TED Page 1 0