I-2 - Second Amended Development Agreement - DERS

EXHIBIT F DEVELOPER’S ESTIMATE WORKSHEET (1) Date of Preparation: October _____, 20____. (2) Assessed Valuation of Development Property as of January 1, 20_____: $_____________________. (3) Base Taxable Valuation of Development Property: $_____________________. (4) Incremental Taxable Valuation of Development 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 .80 (80%) = Developer’s Estimate ($__________). -13-