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<br />TWIN LAKES REDEVELOPMENT AREA
<br />1-West - ()=: 'fJUI dlt: site
<br />
<br />...................... IIUN~
<br />
<br />,
<br />
<br />-,
<br />
<br />:
<br />Area of Parcel !
<br />(Acres (Sq. Feet) i
<br />11.15 485,520
<br />
<br />!
<br />1/2/20()4Market Value (Pa~ 2005)
<br />Land I i Building I
<br />~ $930,740
<br />
<br />Total
<br />$ 2,849,148
<br />
<br />. Ori'linal M Irket '
<br />,Area, i i i
<br />A 1-"!!f!,st_ ; Office-Corpo
<br />
<br />I Phase 1
<br />Estimated Market Value
<br />Estimated Tax Capacity
<br />. C~lIllldlt::U Tax Increment
<br />! ,..".1 I
<br />iPhase 2 . l}
<br />Estimated Market Value
<br />Estimated Tax Capacity
<br />i~ Tax,..""..,
<br />, ! I , i, i
<br />T 1 Ph)';:;. 3 \~UllllJlllO::Ul 1
<br />I IE's Market Value ,..."
<br />I Estimated Tax Capacity
<br />I I Estimated Tax Increment
<br />I I I
<br />Phase 4 (combined)
<br />Estimated Market Value
<br />_.j__ ! I Estimated Tax Capacity , 2008
<br />'m~lEstimated Tax Increment I 2009 j
<br />--1'----'1 I I I .
<br />1 I Phase 5 (COmbined)-+ . I
<br />--[__=--.LJ Estimated Market Value I-~~----l
<br />! i: Estimated Tax Capacity I 2009 ~
<br />=--r=__L~Estimated T~x Increm~~ 2010 I
<br />1__ " I i I I
<br />!Phase 6 (combined) 'I
<br />I Estimated Market Value
<br />1---'----1"1 Estimated Tax Capacity 2010
<br />=:t=,' ,t', I Esrmatid Tr Increment ' 2011
<br />
<br />'=.=l==fhase 7 (combined) ._
<br />
<br />]==~f-~j:~f:f~~r:!=~T- -==-1g~~~~ ' 310,00~ f~u-~~~:~~ t~
<br />
<br />
<br />1 ! Ph~{.i~~~a"rll~r~1IvaiUe ~'L_____I___ '0 I uniis -33:164,333 r 116
<br />
<br />~j--,.1. ......I-~~!im~t~:(L Tax ca2<:l.'?i!Y__l.__... ____19J~j-.-~o,ooo _2..q. ft. 663,287 I times incr. in MV
<br />~ I I Estimated Taxes i 2013 ~ 1,122,775
<br />
<br />==~'~I- 'l m ~l=r~ T~X Incremenll= ~! __nO . . I 636,146 T of Total ~~~:o~o
<br />
<br />__ _ I Local Tax Rate,' Pay 2004 ISO #621 1.04922 *
<br />t . i State Tax Rate I Pay 2004 0.54109 (CII only)
<br />=--:+==' -j Eft. Incr. on local tax rate for taxes at F.D. rate I 0.10243 I (C/I only)
<br />~.._j_J~_ombi~ed Tax Rate, __+,__,_______, 1.69274 I
<br />____+..___,,_~_____'__~----.. *! used for tax increment calculations ~
<br />.J_,JAdmin Fees ~__..,,_.-..J_ 10.00% I
<br />:..-1 Ilnflation I I ._--.J (2007/2008) 2.50%
<br />____ I =l Fiscal Disparities Sharing Factor 31.8268% Pay 2004
<br />i i Present Value Rate 6/1/2005 7.00%
<br />'___+--- I Bonds I ~ 5.50%
<br />I I Bond Coverage 111.11 % I
<br />
<br />YEAR
<br />
<br />2005
<br />2006
<br />
<br />o units
<br />o sq. ft.
<br />
<br />2006
<br />2007
<br />i
<br />I
<br />"T-
<br />2007 I
<br />2008
<br />
<br />o units
<br />o sq. ft.
<br />
<br />o
<br />o
<br />o
<br />
<br />I
<br />I
<br />o lunits
<br />155,000 sq. ft.
<br />
<br />14,656,219
<br />293,124
<br />247,764
<br />r
<br />
<br />o units
<br />310,000 sq. ft.
<br />
<br />30,045,248 I
<br />600,905
<br />570,694
<br />
<br />o units .
<br />~~-----j
<br />310,000 rft_t
<br />
<br />30,796,380
<br />615,928
<br />586,456
<br />
<br />(186,650
<br />
<br />o units
<br />310,000 sq. ft.
<br />
<br />31,566,289
<br />631,326
<br />602,612
<br />
<br />3.4%
<br />Eft. Tax Rate
<br />
<br />Twin Lakes 17a.xls
<br />
<br />Prepared bv Krass Monroe. PA
<br />
<br />I
<br />
<br />7/fi/2004
<br />
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