I-3 - Development Agreement -MD Real Estate - Draft

EXHIBIT B CLINIC’S ESTIMATE WORKSHEET (1) Date of Preparation: October _____, 20____. (2) Assessed Taxable Valuation of Property as of January 1, 20_____: $_____________________. (3) Base Taxable Valuation of Property: $_____________. (4) Incremental Taxable Valuation of Property (2 minus 3): $_____________________ (the “TIF Value”). (5) Current City fiscal year consolidated property tax levy rate for purposes of calculating Incremental Property Tax Revenues (the “Adjusted Levy Rate”): $_____________________ per thousand of value. (6) The TIF Value (4) factored by the Adjusted Levy Rate (5). $__________ x $_________/1000 = $__________ (the “TIF Estimate”) (7) TIF Estimate ($__________ x Annual Percentage = Clinic’s Estimate ($__________). Payment Year Annual Percentage First Payment Year 50% Second Payment Year 33% Third Payment Year 33% Fourth Payment Year 33% Fifth Payment Year 33% -7- 4820-9541-0390\1