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PRELIMINARY-For Discussion Only <br /> City of Orono <br /> Dunbar Housing <br /> Project Value Information <br /> EMV Tax <br /> Per Capacity Units Built Per Year <br /> Project Unit Per Unit 2001 2002 2003 2004 <br /> Senior Housing (Class rate-1.20%/1.50%) 93,000 1,167 62 0 0 0 <br /> Tax Increment Projections <br /> Inflation= 0.00% Tax Gross Local Net <br /> Tax Capacity Values Extension Tax Retained Semi-Annual 8.75% <br /> Year Base Total Captured Rate Increment 10.00% Increment PV <br /> 2001 1,200 0 0 1.04 0 0 0 0 8/1/2001 <br /> 0 0 2/1/2002 <br /> 2002 1,200 0 0 1.04 0 0 0 0 8/1/2002 <br /> 0 0 2/1/2003 <br /> 2003 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 26,882 8/1/2003 <br /> 33,300 52,637 2/1/2004 <br /> 2004 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 77,313 8/1/2004 <br /> 33,300 100,954 2/1/2005 <br /> 2005 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 123,605 8/1/2005 <br /> 33,300 145,306 2/1/2006 <br /> 2006 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 166,097 8/1/2006 <br /> 33,300 186,017 2/1/2007 <br /> 2007 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 205,102 8/1/2007 <br /> 33,300 223,387 2/1/2008 <br /> 2008 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 240,906 8/1/2008 <br /> 33,300 257,690 2/1/2009 <br /> 2009 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 273,7'71 8/1/2009 <br /> 33,300 289,177 2/1/2010 <br /> 2010 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 303,938 8/1/2010 <br /> 33,300 318,080 2/1/2011 <br /> 2011 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 331,630 8/1/2011 <br /> 33,300 344,611 2/1/2012 <br /> 2012 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 357,048 8/1/2012 <br /> 33,300 368,964 2/1/2013 <br /> 2013 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 380,381 8/1/2013 <br /> 33,300 391,319 2/1/2014 <br /> 2014 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 401,798 8/1/2014 <br /> 33,300 411,839 2/1/2015 <br /> 2015 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 421,458 8/1/2015 <br /> 33,300 430,674 2/1/2016 <br /> 2016 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 439,504 8/1/2016 <br /> 33,300 447,964 2/1/2017 <br /> 2017 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 456,069 s 8/1/2017 <br /> 33,300 463,834 2/1/2018 <br /> 2018 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 471,274 8/1/2018 <br /> 33,300 478,402 2/1/2019 <br /> 2019 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 485,232 8/1/2019 <br /> 33,300 491,775 2/1/2020 <br /> 2020 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 498,043 8/1/2020 <br /> 33,300 504,049 2/1/2021 <br /> 2021 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 509,804 8/1/2021 <br /> 33,300 515,317 2/1/2022 <br /> 2022 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 520,599 8/1/2022 <br /> 33,300 525,659 2/1/2023 <br /> 2023 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 530,508 8/1/2023 <br /> 33,300 535,153 2/1/2024 <br /> 2024 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 539,603 8/1/2024 <br /> 33,300 543,867 2/1/2025 <br /> 2025 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 547,953 8/1/2025 <br /> 33,300 551,867 2/1/2026 <br /> 2026 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 555,617 8/1/2026 <br /> 33,300 559,209 2/1/2027 <br /> 2027 1,200 72,354 71,154 1.04 74,000 (7,400) 33,300 562,651 8/1/2027 <br /> 33,300 565,949 2/1/2028 <br /> Total 1,850,004 (185,000) 1,665,004 <br /> Ehlers&Associates,Inc. 1/12/2001 Dunbar options <br />