|
<br />~
<br />
<br />TWIN LAKES REDEVELOPMENT AREA
<br />2-South, 3 & 4 - L;Ornrnerclal
<br />I.\SSLIYIl IIUN~
<br />
<br />I
<br />ev Original MarKet Values
<br />.~. i Area I
<br />~. . i II
<br />! i
<br />i C 12-South, 3 & 4
<br />
<br />i1 . ~~.-~
<br />
<br />1/2/2004 Market Value Pay 2005)
<br />Land Building Total
<br />
<br />Area of Parcel
<br />(Acres) (Sq. Feet)
<br />30.20 1.315.425
<br />- ....
<br />30.20 1 '<1t; A?t;
<br />% of new ETC
<br />100.0% 12,856,317
<br />0.0% 0
<br />0.0% 0
<br />100.0% 12,856,317
<br />
<br />$7.940.153
<br />
<br />$4,916,165
<br />
<br />!
<br />1
<br />I
<br />
<br />i i i ...~.__. ~~
<br />i IToT~is
<br />I I
<br />! I
<br />
<br />:.. ~...~: Tax vOPO'-'LY
<br />C (':, . '/ Retail
<br />Rental I
<br />I Owner uccu ']/eo
<br />I I
<br />i
<br />
<br />$ 7,940,153
<br />
<br />$ 4,916,165
<br />
<br />..
<br />
<br />CI::lSS R::lte *
<br />@ 2.00% -
<br />@ 1.25% =
<br />@ 1.00% =
<br />
<br />* Final rates for Pay 2004
<br />i
<br />
<br />257,126
<br />o
<br />o
<br />
<br />- --~- ~
<br />
<br />Phase 1
<br />C:::>lIllldll;:;U Market Value
<br />I F"~;" 'OlGU Tax Capacity
<br />i ;:::"~;"'O'GU Tax :,,'-, G",<:;, "
<br />i
<br />
<br />YEAR
<br />
<br />2005
<br />2006
<br />
<br />$0
<br />o
<br />o
<br />
<br />o units
<br />o sq. ft.
<br />
<br />Phase 2
<br />
<br />~
<br />
<br />o units
<br />o sq. ft.
<br />
<br />o
<br />o
<br />01
<br />
<br />L Market Value
<br />I:"'" ,,'-"w Tax Capacity
<br />Estimated Tax Increment
<br />I
<br />_~L_____j.!~hase 3 (combined)
<br />~ I I Estimated Market Value
<br />. '-1 i I I
<br />_J____-L. i Estimated Tax Capacity I
<br />Estimated Tax Increment
<br />.----r--li I I 1
<br />1.",,_ _ _J___"___---L-.___________~___4--,,.."- ""~_
<br />Phase 4 (combined) I
<br />. "-E-siimate-d""MarketValue~t~-_~n_~ ---~--
<br />: Estimated Tax Capacity
<br />~I Estimated Tax Increment
<br />-----r-- I I I
<br />--1-
<br />--1----1 Phase 5 (combined)
<br />I i Estimated Market Value
<br />-1-T I Estimated Tax Capacity
<br />r---l--l Estimated Tax Increment
<br />
<br />~=-T~~asJ 6 (C~mb:ned) I
<br />
<br />...~....... ,'--------' 1 Estimated Market Value I
<br />L . J . .L~slmaied Taxc.al?~ty-~_l______.~jQIQI=
<br />._ !~s~if!1~~~'I~x Increme..':1!.J~_____~L
<br />. I Ii' i 1 i
<br />-==r~ase 7 (combined)
<br />_~__.i Estimated Market Value I 0 units
<br />I Estimated Tax Capacity 2011 I 350,000 sq'. ft.
<br />J '., Estimate. d Tax Increment 2012 I,. I
<br />-~~ 1--' 1 ! ! 1 J 1 I
<br />
<br />-.~r-~=l~al::ti~~~::~~r:=~value ~t- ~1:;,991,756
<br />
<br />i i ,Estimated Tax Capacity 2012 350,000 sq. ft. 899,835 I
<br />-==I=___1-::TEstimated Taxes 2013 I J-. 1,523,191
<br />i .:l~~~~ed Tr Increment -j I -1.' ---+ 674,343
<br />
<br />J!::~~aIJfax ~te[Pay 200~_ i ISO #621 1 1.04922 I~j I
<br />State Tax Rate i Pay 2004 i I . 0.54109 I (CII only) I
<br />I lEft. Incr. on local tax rate for taxes at F.D. rate 0.10243 ' (C/I only) - ,
<br />I Combined Tax Rate 1.69274
<br />~.! I I I I. * used for tax increment calculations
<br />.~ __--1~'1.1inFees~J_ 1 10.00%1
<br />.._J__ IlnflatiOl1T 1 1 (2008 12009) 2.50%
<br />l~-l Fiscal Disparities Sharing Factor 31.8268% Pay 2004
<br />-ilPresent Value Rate I 6/1/2006 7.00% I
<br />I I Bonds I I I 5.50%
<br />! I Bond Coverage I 111.11 %
<br />
<br />~ . ~ .
<br />
<br />2006
<br />2007
<br />
<br />I
<br />
<br />o units
<br />2007 280,000 sq. ft.
<br />2008 r-
<br />I
<br />--- -j -.. --
<br />-_._--~!
<br />
<br />31,812,925
<br />636,259
<br />397,793
<br />
<br />2008
<br />2009
<br />
<br />I
<br />
<br />I !
<br />I !
<br />. no ~--l-----~-l----~
<br />.. . ---T
<br />o units 40,760,310
<br />350,000 sq. ft. 815,206
<br />585,549
<br />
<br />2009
<br />2010
<br />
<br />o units
<br />350,000 sq. ft.
<br />
<br />41,779,318
<br />835,586
<br />606,932
<br />
<br />I
<br />
<br />----35-6:o66-1~~~t~. -----t--42,~~~::~~ H-----1
<br />- ~~-~~-r---.-- -----T~ 628,85Ql-- -- ~..........~.. .....~ ~.
<br />
<br />43,894,396
<br />877,888
<br />651,315
<br />
<br />3.5
<br />Itimes incr. in MV
<br />
<br />44.3%
<br />of Total Taxes
<br />
<br />3.4%
<br />Eft. Tax Rate
<br />
<br />Twin Lakes 17a.xls
<br />
<br />Preoared bv Krass Monroe. P.A.
<br />
<br />$ 12,856,317
<br />
<br />$ 12,856,317
<br />
<br />257,126
<br />
<br />~. ----
<br />
<br />~. ~
<br />
<br />{ ::;?)
<br />
<br />~.
<br />
<br />.
<br />
<br />--
<br />
<br />..
<br />
<br />7/6/2004
<br />
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