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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= 4.00% 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 75,248 74,048 1.04 77,010 (7,701) 34,655 78,317 8/1/2004
<br /> 34,655 102,920 2/1/2005
<br /> 2005 1,200 75,248 74,048 1.04 77,010 (7,701) 34,655 126,491 8/1/2005
<br /> 34,655 149,075 2/1/2006
<br /> 2006 1,200 75,248 74,048 1.04 77,010 (7,701) 34,655 170,712 8/1/2006
<br /> 34,655 191,442 2/1/2007
<br /> 2007 1,200 75,248 74,048 1.04 77,010 (7,701) 34,655 211,304 8/1/2007
<br /> 34,655 230,332 2/1/2008
<br /> 2008 1,200 78,258 77,058 1.04 80,140 (8,014) 36,063 249,305 8/1/2008
<br /> 36,063 267,481 2/1/2009
<br /> 2009 1,200 81,388 80,188 1.04 83,396 (8,340) 37,528 285,604 8/1/2009
<br /> 37,528 302,967 2/1/2010
<br /> 2010 1,200 84,644 83,444 1.04 86,782 (8,678) 39,052 320,277 8/1/2010
<br /> 39,052 336,862 2/1/2011
<br /> 2011 1,200 88,030 86,830 1.04 90,303 (9,030) 40,636 353,396 8/1/2011
<br /> 40,636 369,238 2/1/2012
<br /> 2012 1,200 91,551 90,351 1.04 93,965 (9,396) 42,284 385,030 8/1/2012
<br /> 42,284 400,161 2/1/2013
<br /> 2013 1,200 95,213 94,013 1.04 97,773 (9,777) 43,998 415,245 8/1/2013
<br /> 43,998 429,697 2/1/2014
<br /> 2014 1,200 99,021 97,821 1.04 101,734 (10,173) 45,780 444,104 8/1/2014
<br /> 45,780 457,908 2/1/2015
<br /> 2015 1,200 102,982 101,782 1.04 105,854 (10,585) 47,634 471,668 8/1/2015
<br /> 47,634 484,851 2/1/2016
<br /> 2016 1,200 107,102 105,902 1.04 110,138 (11,014) 49,562 497,993 8/1/2016
<br /> 49,562 510,584 2/1/2017
<br /> 2017 1,200 111,386 110,186 1.04 114,593 (11,459) 51,567 523,135 8/1/2017
<br /> 51,567 535,160 2/1/2018
<br /> 2018 1,200 115,841 114,641 1.04 119,227 (11,923) 53,652 547,147 8/1/2018
<br /> 53,652 558,632 2/1/2019
<br /> 2019 1,200 120,475 119,275 1.04 124,046 (12,405) 55,821 570,079 8/1/2019
<br /> 55,821 581,047 2/1/2020
<br /> 2020 1,200 125,294 124,094 1.04 129,057 (12,906) 58,076 591,980 8/1/2020
<br /> 58,076 602,455 2/1/2021
<br /> 2021 1,200 130,305 129,105 1.04 134,270 (13,427) 60,421 612,896 8/1/2021
<br /> 60,421 622,899 2/1/2022
<br /> 2022 1,200 135,518 134,318 1.04 139,690 (13,969) 62,861 632,870 8/1/2022
<br /> 62,861 642,423 2/1/2023
<br /> 2023 1,200 140,938 139,738 1.04 145,328 (14,533) 65,398 651,944 8/1/2023
<br /> 65,398 661,067 2/1/2024
<br /> 2024 1,200 146,576 145,376 1.04 151,191 (15,119) 68,036 670,160 8/1/2024
<br /> 68,036 678,872 2/1/2025
<br /> 2025 1,200 152,439 151,239 1.04 157,289 (15,729) 70,780 687,555 8/1/2025
<br /> 70,780 695,874 2/1/2026
<br /> 2026 1,200 158,537 157,337 1.04 163,630 (16,363) 73,633 704,166 8/1/2026
<br /> 73,633 712,110 2/1/2027
<br /> 2027 1,200 164,878 163,678 1.04 170,225 (17,023) 76,601 720,029 8/1/2027
<br /> 76,601 727,615 2/1/2028
<br /> Total 2,780,671 (278,067) 2,502,604
<br /> Ehlers&Associates,Inc. 1/12/2001 Dunbar options
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