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<br />I
<br />
<br />! Dev Original Market Values
<br />IArea
<br />: A 1-West i I nffir<>.rnrnrV:l
<br />B .i ~ iHousinq
<br />C i 2-~()"ut,~, 3 :s. 4
<br />15 : I Housinq; Pond
<br />I ! E ' 8 i i Housing
<br />i
<br />i
<br />
<br />I I I i
<br />I Phase 5 (combined)
<br />Estimated Market Value
<br />Estimated Tax Capacity
<br />Estimated Tax Increment
<br />~~ III
<br />jf'h~se 6 (combil'!~~!L_ ",_, """"
<br />i I I Estimated Market Value i
<br />""":-~-l I Estimated Tax Capacity i
<br />''''T''--r- Estimated Tax Increment
<br />i I I I
<br />I IPhase 7 (combined) I
<br />~J=-_"L,~stimated Market Value 595 units 255,932,740
<br />
<br />,,_,,~, :1~'~*~~~~J~~~"~~~!~~nt-~- "",-",-,~j",-,- 660,000 ~--,~ ~:~~~:~~~
<br />--L-, I I I
<br />i Phase 8 (combined)
<br />~"J",_,L, Estimated Market Value 595 units
<br />_,,1..,___1 I Estimated Tax capac~ 2012 660,000 sq. ft.
<br />!!,J~~~r:!:l~!E3c'J..I~~"",_,_j,,,,, 2013 i i i
<br />j , iE~rrn,atf~Trl!l~~(3_rn~~-t,+ ,===J==~ ,~'='~=~=~T-==='=-==f'
<br />
<br />~' " " , ! Local Tax Ratel Pay 2004 i ISD #621 I 1.04922 y-- i
<br />,'--!State Tax RateiPay 2004 I 0.54109 (C/lonly)
<br />I Eft. Incr. on local tax rate for taxes at F.D. ra 0.10243 (C/lonly)
<br />_!Ii,_..~.. ! I,'colm" binled Ta!x Rate 1.69274
<br />. .. I * i used for tax increment calculations
<br />---1- -- ~TAdmin Fees T I I 10.000/01 --^-~---_._""."--
<br />_,,,,' FnflatlonTfafter-2yrsOffUllv'alue ineachtractf 2.50% ''''--1
<br />I I Fiscal Disparities Sharing Factor 31.8268% Pay 2004 31.8268%
<br />'''''r,i~' Present Value Rate 7.00%
<br />---r_ Bonds I I I 5.50%
<br />,-i, Bond Coverage I 111.11 %
<br />
<br />_u,
<br />
<br />, ,
<br />
<br />--
<br />
<br />,
<br />
<br />, 'H
<br />
<br />....,
<br />
<br />I
<br />Totals
<br />
<br />Original Tax Capacity
<br />::;GI Commercial/Retail
<br />AE Rental '-1-'
<br />ul_",,-LJQ~ner Occupie9...._~..,_
<br />
<br />IT" 'I
<br />Phase 1 i I
<br />'_'"~ L"'IIlIlClICU Market Value I
<br />L"'IIlIlClLCU Tax Capacity
<br />Lv'" 1I0lc;U Tax III\A t:11lt:11l
<br />I
<br />Phase 2 ,'-UIIIUIII"'U/
<br />L"'LIII IClLCU Market Value
<br />Tax Capacity
<br />~, ,. , . Tax IIIL;I t:111t:lIl
<br />I I
<br />Phase 3 (~mbined)
<br />I Estimated Market Value
<br />_,;,_,m,___.__,___-J_.__" 1 Es'ifma'ied-t ax'Capacity -1-----------
<br />i ,_...J,_~mated Tax Increment
<br />
<br />u, :Ph~seI4 (c~mblined) I
<br />Market Value I
<br />Tax Capacity
<br />Tax Increment
<br />
<br />i
<br />
<br />-
<br />
<br />i
<br />
<br />TWIN LAKES REDEVELOPMENT AREA
<br />DEVEL..... ,.,L" I AREAS 1 - 5 & 8
<br />ASSUMI-' IIUN~
<br />
<br />Area of Parcel
<br />(Acres: (Sq. Feet)
<br />11.15 485.520
<br />17.00 740,520
<br />30.20 1,315.425
<br />9.46 411.969
<br />6.11 265,934
<br />
<br />1/2/2004 MarKet value Pav 2005)
<br />Lan'a Building
<br />, 1.918.409 930,740
<br />2-:-9'13,()38 2,807,696
<br />7,940,153 4,916,165
<br />1.465.100 628,600
<br />1 nnR qnn q li;Ali; nnn
<br />
<br />Total
<br />2.849,148
<br />5,720,734
<br />12,856,317
<br />2,093,700
<br />4,591,300
<br />
<br />73.91 3,219,367 $ 1 c; ')/1 ':l nnn $ 1? ARA ?nn $ 28,111,200
<br />0.00 0 0 0 0
<br /> Class Rate * 438,167 I
<br /> 15,705.466 @ 2.00% = 314,109
<br /> 0 @ I 1.25% = 0
<br /> 12,405,734 @ 1.00% = 124,057
<br /> 28,111,200
<br /> 0 * Final rates for Pay 2004
<br />
<br />o
<br />o
<br />o
<br />o
<br />
<br />""
<br />
<br />Y..I;AR
<br /> o !units T $OT
<br />2005 o sq. ft. 0
<br />2006 0
<br /> 149 units 39,703,375
<br />2006 0 sq. ft. 397,034
<br />2007 286,412
<br /> !
<br />------', 298 I units --~- j 127,861,063 I
<br />2007 435,000 i sq. ft. 1,743,302 .
<br />2008 1,369,374
<br />
<br /> 0
<br /> 0
<br /> 0
<br /> 0
<br /> 0
<br /> 0
<br /> 0
<br />! 0
<br /> (205,460)
<br />!
<br />I
<br /> 0
<br />i 0
<br /> (367,995)
<br /> 0
<br /> 0
<br /> (379,817) I
<br /> 0
<br /> 0
<br /> (391,935) I
<br />r 0
<br /> 0
<br /> (404,355)
<br />
<br />-'
<br />
<br />o
<br />
<br />o
<br />
<br />(205,460)
<br />
<br />2008
<br />2009
<br />I
<br />
<br />I
<br />446 units
<br />660,000 sq. ft.
<br />
<br />195,945,634
<br />2,667,512
<br />2,339,074
<br />
<br />(367,995)
<br />
<br />2009
<br />2010
<br />
<br />595 units
<br />660.000 sq. ft.
<br />
<br />243,600,467
<br />3,161,762
<br />2,857,650 '
<br />
<br />(379,817)
<br />
<br />'-'-'u
<br />
<br />I
<br />_____ uu ." ..L..
<br />
<br />2010 !
<br />2011
<br />
<br />,I..,
<br />~ 249,690,479
<br />: 3,240,806
<br />2,940,585
<br />
<br />(391,935)
<br />
<br />595 units
<br />660,000 sq. ft.
<br />
<br />(404.355)
<br />
<br />262,331,059 9.3 0
<br />3,404,871 times incr. in MV 0
<br />
<br />~:~~~:;~~II;;-T olal ~:~~: 1--(~o~)I- .. ---+-(417,087)
<br />
<br />I
<br />i
<br />1.7% I
<br />Eff. Tax Rate
<br />
<br />,
<br />I
<br />i
<br />
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