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Market Value Analysis Report
<br />City of Roseville, Minnesota
<br />Tax Increment Financing (Housing) District No. 18
<br />Proposed Har Mar Apartments Project
<br />TIF Plan Exhibits: $12.2M EMV - Full 25+ years
<br />Assumptions
<br />Present Value Date
<br />P.V. Rate - Gross T.I.
<br />Increase in EMV With TIF District
<br />Less: P.V of Gross Tax Increment
<br />Subtotal
<br />Less: Increase in EMV Without TIF
<br />Difference
<br />1
<br />2
<br />3
<br />4
<br />5
<br />6
<br />7
<br />8
<br />9
<br />10
<br />11
<br />12
<br />13
<br />14
<br />15
<br />16
<br />17
<br />18
<br />19
<br />20
<br />21
<br />22
<br />23
<br />24
<br />25
<br />26
<br />Year
<br />2013
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />2020
<br />2021
<br />2022
<br />2023
<br />2024
<br />2025
<br />2026
<br />2027
<br />2028
<br />2029
<br />2030
<br />2031
<br />2032
<br />2033
<br />2034
<br />2035
<br />2036
<br />2037
<br />2038
<br />06/30/09
<br />5.00%
<br />$16, 917, 395
<br />938, 650
<br />$15, 978, 745
<br />0
<br />$15, 978, 745
<br />Annual Present
<br />Gross Tax Value @
<br />Increment 5.00%
<br />37, 802 30, 719
<br />53,911 41,723
<br />56,142 41, 381
<br />58, 428 41, 015
<br />60, 771 40, 628
<br />63,173 40, 223
<br />65,634 39,800
<br />68,158 39, 362
<br />70, 744 38, 910
<br />73,395 38,446
<br />76,112 37, 971
<br />78,898 37,486
<br />81,752 36,992
<br />84,679 36,492
<br />87,678 35,985
<br />90,752 35,473
<br />93, 904 34, 958
<br />97,134 34,438
<br />100,444 33,916
<br />103, 838 33, 392
<br />107, 316 32, 867
<br />110, 882 32, 342
<br />114,536 31,817
<br />118,282 31,293
<br />122,122 30, 771
<br />126,057 30,250
<br />$2,202,544 $938,650
<br />Exhibit V
<br />SPRINGSTED Page 17
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