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Projected Tax Increment Report
<br />City of Roseville, Minnesota
<br />Tax Increment Financing (Redevelopment) District No. 17
<br />Twin Lakes Apartments Project - construction commences 2013
<br />Scenario 2-$90K per unit EMV with 1.5% annual MV inflator
<br />Less: Less: Retained Times: Less: Less:
<br />Mnual Total Total Original Fiscal Captured Tax Annual State Aud. Mnual Adm./Pooling Mnual
<br />Period Estimated Net Tax Net Tax Disp. @ Net Tax Capacity Gross Tax Deduction Net Tax Retainage Net
<br />Ending Market Value Capacity Capacity' 0.0000% Capacity Rate" Increment 0.360% Increment 20.00% Revenue
<br />1 2 3 4 5 6 7 8 9 10 11 12
<br />12/31/12 46,394 46,394 0 0 102.078% 0 0 0 0 0
<br />12/31/13 2,463,900 46,394 46,394 0 0 102.078% 0 0 0 0 0
<br />12/31/14 2,463,900 46,394 46,394 0 0 102.078% 0 0 0 0 0
<br />12/31/15 7,868,400 113,950 46,394 0 67,556 102.078% 68,960 248 68,712 13,742 54,970
<br />12/31/16 18,429,968 245,970 46,394 0 199,576 102.078% 203,723 733 202,990 40,598 162,392
<br />12/31/17 22,134,459 292,276 46,394 0 245,882 102.078% 250,991 904 250,087 50,017 200,070
<br />12/31/18 22,429,517 295,964 46,394 0 249,570 102.078% 254,756 917 253,839 50,768 203,071
<br />12/31/19 22,729,001 299,708 46,394 0 253,314 102.078% 258,578 931 257,647 51,529 206,118
<br />12/31/20 23,032,978 303,507 46,394 0 257,113 102.078% 262,456 945 261,511 52,302 209,209
<br />12/31/21 23,341,514 307,364 46,394 0 260,970 102.078% 266,393 959 265,434 53,087 212,347
<br />12/31/22 23,654,678 311,279 46,394 0 264,885 102.078% 270,389 973 269,416 53,883 215,533
<br />12/31/23 23,972,540 315,252 46,394 0 268,858 102.078% 274,445 988 273,457 54,691 218,766
<br />12/31/24 24,295,169 319,285 46,394 0 272,891 102.078% 278,562 1,003 277,559 55,512 222,047
<br />12/31/25 24,622,638 323,378 46,394 0 276,984 102.078% 282,740 1,018 281,722 56,344 225,378
<br />12/31/26 24,955,019 327,533 46,394 0 281,139 102.078% 286,981 1,033 285,948 57,190 228,758
<br />12/31/27 25,292,386 331,750 46,394 0 285,356 102.078% 291,286 1,049 290,237 58,047 232,190
<br />12/31/28 25,634,813 336,030 46,394 0 289,636 102.078% 295,655 1,064 294,591 58,918 235,673
<br />12/31/29 25,982,377 340,375 46,394 0 293,981 102.078% 300,090 1,080 299,010 59,802 239,208
<br />12/31/30 26,335,154 344,785 46,394 0 298,391 102.078% 304,591 1,097 303,494 60,699 242,795
<br />12/31/31 26,693,223 349,261 46,394 0 302,867 102.078% 309,160 1,113 308,047 61,609 246,438
<br />$4,459,756 $16,055 $4,443,701 $888,738 $3,554,963
<br />*Base value assumed to be current land value - value captured as tax increment will be incremental new value of building(s) only. Estimated to be $90,000/unit for 215 units
<br />"Frozen TIF total tax capacity rate per Ramsey County Records Proposed 2012 tax rate 134.912%
<br />P.V. P.V.
<br />Mnual Annual
<br />Net Rev. To Retainage To
<br />02/01/13 02/01/13
<br />4.50% 4.50%
<br />0 0
<br />0 0
<br />0 0
<br />48,882 12,220
<br />138,188 34,547
<br />162,919 40,729
<br />158,242 39,561
<br />153,700 38,425
<br />149,287 37,322
<br />145,001 36,250
<br />140,839 35,210
<br />136,796 34,199
<br />132,868 33,217
<br />129,054 32,263
<br />125,349 31,337
<br />121, 751 30,437
<br />118,255 29,564
<br />114,861 28,715
<br />111,563 27,891
<br />108,360 27,090
<br />$2,195,915 $548,977
<br />Public Sector Adviso�s
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