Resolution No. 2026-015 – A Resolution Setting the Date of March 17, 2026, for a Public Hearing at which it is Proposed to Approve a Development Agreement with Iowa Development Group, Inc., Including Annual Appropriation Tax Increment Payments — I.2

EXHIBIT C DEVELOPER’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 (January 1, 2026): $___________. (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 “Available TIF Estimate”) (7) Subtract anticipated property tax credits from the Available TIF Estimate (6 minus 7) = $_________ (the “Developer’s Estimate”) (8) Factor the Available TIF Estimate (7) by the Annual Percentage = Developer’s Estimate: $_____________________ x .50 = __________________. -9- 4899-0541-8130\2