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Attachment B <br />City of Roseville, Minnesota <br />Financing Summary for TIF 17 Twin Lakes <br />July 8, 2015 <br />Page 2 <br />o $10,500,000 taxable value <br />o $208,500 new tax capacity <br />o Less fiscal disparities portion ($70,793) <br />o Additional tax capacity of $137,707 <br />■ Construction commences in 2015 <br />• 50% assessed in January of 2016 for taxes payable in 2017 <br />• 100% assessed in January of 2017 for taxes payable in 2018 <br />• Frozen Tax Rates remain constant through term (less than current tax rate) <br />o City : 24.516% <br />o County: 49.210% <br />o School: 22.112% <br />o Other: 6.240% <br />o Total 102.078% <br />• Payable 2015 Combined Tax Rate <br />0 135.95098611 % <br />o Calculation based on frozen tax rate (lesser of frozen or current) <br />• Fiscal disparities contribution from commercial industrial properties <br />0 33.9533% <br />• Class rates remain constant <br />o Commercial-industrial <br />0 1.5% first $150,000 of market value <br />0 2% all value above $150,000 <br />• 0% annual market value inflator assumetl <br />Bond Analysis <br />• Project cost amount of $3.170 million <br />• Tax exempt financing (for public improvements) <br />• 16 yearterm <br />• Total par (principal) amount of $3,270,000 <br />• Estimated annual surplus of approximately $30,000 <br />Thank you for the opportunity to be of assistance to the City of Roseville. Please let us know how we can best assist <br />you as this project moves forward and should you have any questions please feel free to contact us. <br />