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If collected over the maximum statutory duration,present value of the projected tax increments is estimated <br /> to be$848,000. Based on experience with other development in Orono and in comparable communities and <br /> based on the analysis of the proposed development,it is reasonable to expect that the increased market value <br /> of the site without the use of tax increment financing would be less than$4,918,000. This amount represents <br /> the estimated increase in market value from the proposed development minus the estimated present value of <br /> the tax increments. This finding is based on the assumption that other development of the site would meet <br /> similar public purposes and objectives and would comply with City plans and land use regulations. <br /> APPENDIX B_2 <br />