(b)
TIF Appraised Zone Value for Year Jan. 1, Base 2014 1 2015 2 2016 3 2017 4 2018 5 2019 6 2020 7 2021 8 2022 9 2023 10 2024 11 2025 12 2026 13 2027 14 2028 15 2029 16 2030 17 2031 18 2032 19 2033 20 2034 21 2035 22 2036 23 2037 24 2038 25 2039 26 2040 27 2041 28 2042 29 2043 30 2044 Total for years 1-30
(a)
Property Tax Deposited by May 1, 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045
(c)
Notes:
$19,766,518 $19,964,183 $20,163,825 $20,365,463 $20,569,118 $20,774,809 $20,982,557 $44,524,985 $44,970,235 $48,022,253 $53,245,917 $89,309,284 $91,965,657 $99,143,394 $105,469,707 $153,527,690 $160,780,678 $208,654,853 $213,098,750 $244,907,554 $247,356,630 $249,830,196 $256,596,560 $259,162,526 $296,320,459 $299,283,664 $303,943,567 $306,983,003 $311,886,711 $315,005,578
Taxable Value Carried from Previous Year with Inflation @ 1.00% Annually Since 2014
(d)
$0 $0 $0 $0 $0 $0 $19,850,000 $0 $3,000,000 $4,500,000 $26,400,000 $2,191,200 $5,167,200 $4,421,600 $30,782,400 $4,421,600 $28,591,200 $2,230,400 $17,600,000 $0 $0 $3,000,000 $0 $17,600,000 $0 $1,500,000 $0 $1,500,000 $0 $0 $172,755,600
(e) Taxable Value of Improvements (with Land) Completed in Year Prior to Appraisal Date, in 2014 Dollars (from another schedule) $0 $0 $0 $0 $0 $0 $24,412,996 $0 $3,914,320 $6,047,624 $36,543,774 $3,124,127 $7,588,207 $6,688,067 $47,957,976 $7,095,370 $47,256,897 $3,797,107 $30,861,707 $0 $0 $5,748,310 $0 $35,777,176 $0 $3,234,887 $0 $3,431,892 $0 $0 $273,480,437
Taxable Value Added This Year with Inflation @ 3.00% Annually Since 2014
(f)
$0 $0 $0 $0 $0 $0 ($1,311,410) $0 ($1,337,769) ($1,351,147) ($1,364,658) ($1,378,305) ($1,392,088) ($1,406,009) ($1,420,069) ($1,434,270) ($1,448,612) ($1,463,098) ($1,477,729) $0 $0 ($1,522,506) $0 ($1,553,108) $0 ($1,584,326) $0 ($1,616,171) $0 $0 ($23,061,276)
(g) Less Share of 2014 Value with Inflation @ 1.00% Annually Since 2014 (Full value is included with completions.) Taxable Appraised Value $19,570,810 $19,766,518 $19,964,183 $20,163,825 $20,365,463 $20,569,118 $20,774,809 $44,084,144 $44,524,985 $47,546,785 $52,718,730 $88,425,033 $91,055,106 $98,161,776 $104,425,452 $152,007,614 $159,188,790 $206,588,963 $210,988,861 $242,482,727 $244,907,554 $247,356,630 $254,056,000 $256,596,560 $293,386,593 $296,320,459 $300,934,225 $303,943,567 $308,798,723 $311,886,711 $315,005,578
(h)
Total DISD Real Property Tax Levy, If $1.282085 Per $100 $250,914 $253,424 $255,958 $258,517 $261,103 $263,714 $266,351 $565,196 $570,848 $609,590 $675,899 $1,133,684 $1,167,404 $1,258,517 $1,338,823 $1,948,867 $2,040,936 $2,648,646 $2,705,057 $3,108,835 $3,139,923 $3,171,322 $3,257,214 $3,289,786 $3,761,466 $3,799,080 $3,858,233 $3,896,815 $3,959,062 $3,998,653 $4,038,639 $61,501,560
(i)
$0 $195,708 $393,373 $593,015 $794,653 $998,308 $1,203,999 $24,513,334 $24,954,175 $27,975,975 $33,147,920 $68,854,223 $71,484,296 $78,590,966 $84,854,642 $132,436,804 $139,617,980 $187,018,153 $191,418,051 $222,911,917 $225,336,744 $227,785,820 $234,485,190 $237,025,750 $273,815,783 $276,749,649 $281,363,415 $284,372,757 $289,227,913 $292,315,901 $295,434,768
Captured Appraised Value (Taxable less base value)
(j)
DISD Real Property Tax Increment $0 $2,509 $5,043 $7,603 $10,188 $12,799 $15,436 $314,282 $319,934 $358,676 $424,985 $882,770 $916,489 $1,007,603 $1,087,909 $1,697,952 $1,790,021 $2,397,732 $2,454,142 $2,857,920 $2,889,009 $2,920,408 $3,006,299 $3,038,872 $3,510,551 $3,548,166 $3,607,318 $3,645,900 $3,708,148 $3,747,738 $3,787,725 $53,974,127
(k)
Estimated Cumulative Square Feet New Commercial Development 0 0 0 0 0 0 0 30,000 30,000 70,000 115,000 115,000 115,000 164,600 184,600 184,600 204,600 204,600 224,600 224,600 224,600 224,600 264,600 264,600 264,600 264,600 284,600 284,600 304,600 304,600 304,600
(l)
Estimated DISD BPP Tax @ $20 per SF Commercial $0 $0 $0 $0 $0 $0 $0 $9,461 $9,745 $23,420 $39,629 $40,818 $42,043 $61,981 $71,598 $73,746 $84,188 $86,713 $98,045 $100,987 $104,016 $107,137 $130,004 $133,904 $137,921 $142,059 $157,380 $162,101 $178,698 $184,059 $189,580 $2,369,231
(m)
Base value of the TIF fund is from 2013 certified DCAD roll. Estimated values of redevelopment added annually to the to the TIF fund, in 2014 dollars, are from another schedule. Annual inflation or value change rates are long-term average estimates. Actual value adjustments may vary significantly from year to year. DISD tax rate: 1.282085% DISD tax rate is assumed constant. Actual rates will be set annually.
Estimated Total DISD Tax from TIF Zone Retained $0 $2,509 $5,043 $7,603 $10,188 $12,799 $15,436 $323,743 $329,678 $382,095 $464,614 $923,588 $958,532 $1,069,584 $1,159,506 $1,771,698 $1,874,209 $2,484,445 $2,552,187 $2,958,907 $2,993,025 $3,027,545 $3,136,303 $3,172,775 $3,648,472 $3,690,224 $3,764,698 $3,808,002 $3,886,845 $3,931,797 $3,977,305 $56,343,358
(n)
(o) Cumulative Estimated DISD Tax from TIF Zone Retained Net Present Value (2014 dollars) Annual Discount Rate @ 4% $0 $2,320 $6,803 $13,302 $21,676 $31,792 $43,522 $280,078 $511,705 $769,835 $1,071,639 $1,648,510 $2,224,179 $2,841,838 $3,485,670 $4,431,594 $5,393,763 $6,620,155 $7,831,531 $9,181,938 $10,495,378 $11,772,866 $13,045,347 $14,283,115 $15,651,718 $16,982,742 $18,288,402 $19,558,285 $20,804,607 $22,016,854 $23,195,967
EXHIBIT C
Appendix E-2 Annual Projection of Real Property Tax and Business Personal Property Tax to the Dallas Independent School District from the Westmoreland-IH 20 Sub-District
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Preliminary Project Plan and Financing Plan Tax Increment Reinvestment Zone Number Twenty
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