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Assuml ption�s Report
<br />City of Roseville, Minnesota
<br />Tax Increment Financing (Houisiing) District No., 18,
<br />Sienna Green Aeon TIF Project
<br />Modified TIF Plan Exhibits: $13.3501YI EM' V with 2.,5% MIV Inflator - 25 + yrs
<br />Type of'Tax Increment Financing District Housing
<br />Maximum Duration ofTIF District 25 years from 1 st increment
<br />Projected Certification Request Date
<br />Decertification Date
<br />Base Estimated Market Value
<br />09.,29.,23,.,44.,0248
<br />09.,29.,23,.,44.,0249
<br />09.,29.,23,.,44.,0250
<br />Original Net Tax Capacity
<br />Base Estimated Market Value
<br />Estimated Increase in Value - New Construction
<br />Total Estimated Market Value
<br />Total Net Tax Capacity
<br />sum
<br />06/3,0/09
<br />12/3,1/3,8 (26 Years ofIncrement)
<br />QOM 113u):JUU
<br />City of Roseville
<br />$43)52
<br />Ramsey County
<br />50.,248%
<br />ISD #623,
<br />Assessment/Collection
<br />Year
<br />8.,685%
<br />2009/2010
<br />2010/2011
<br />2011/2012
<br />2012/2013,
<br />$5)13,0)900
<br />$5,)13,0)900
<br />$5,)13,0)900
<br />$5,)13,0)900
<br />0
<br />0
<br />3,)269)100
<br />4x71 6x600
<br />5)130)900
<br />5)130)900
<br />8)400)000
<br />9)847)500
<br />$43,) 752
<br />$43,) 752
<br />$67)200
<br />$78)161
<br />City of Roseville
<br />27.,3,69%
<br />Ramsey County
<br />50.,248%
<br />ISD #623,
<br />13,.,065%
<br />Other
<br />8.,685%
<br />Local Tax Capacity Rate
<br />99.,3,68% 2009/2010
<br />Fiscal Disparities Contribution From TIF District
<br />NA
<br />Administrative Retainage Percent (maximum = 10%)
<br />10.,00%
<br />Pooling Percent
<br />0.,00%
<br />Bondy
<br />Note (Pay-As-You-Go)
<br />Bondy Dated
<br />NA
<br />Note Dated
<br />08/01/11
<br />Bond Issue @ 0.,00% (NIIC)
<br />$0
<br />Note Rate
<br />4.,25%
<br />Eligible Project Costs
<br />$0
<br />Note Amount
<br />$935)055
<br />Present Value Date & Rate
<br />06/01/11
<br />4.,25% PV Amount
<br />$1)227)73,3,
<br />Present Value Date & Rate
<br />06/01/11
<br />5.,00% PV Amount
<br />$1)108)864
<br />Notes
<br />* Based on April 2011 semi-annual long-term AF'R (Applicable Federal Rates) of 4.25%
<br />Calculation assumes no changes to future tax rates, class rates, or market values. ,
<br />Construction schedule: Phase 1 25% renovated by Dec., 3,1, 2009 and 100% by Dec., 3,1, 2010.
<br />Phase 2 25% constructed by Dec., 3,1, 2011 and 100% by Dec., 3,1, 2012.,
<br />Payable 2 010 Tax Rates and) C I ass Rates were provided) by Ramsey Cou nty.,
<br />Total project value of'$13,.,3,5M as esti m atedl by Ramsey County Assessor, may change. ,
<br />Base value of 5, 13,0) 90 0 M as per m od i fi cat i on - expected) to be frozen for I i fe ofd i st ri ct.,
<br />includles a 2.,5% market value inflator.,
<br />S�PRINGS�TED Page 14,
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