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**PROPOSED RATES
<br /> CITY OF PEQUOT LAKES LEVY AND TAX EXTENSION RATE 14-Nov-05 PAYABLE 2006
<br /> PEQUOT LAKES
<br /> INITIAL TAX CAPACITY: 2,288,872 Pop. PREV GEN RATE: 79.161% 3.276%
<br /> Less TIF Value: 57,051 1,824 PREV RSD RATE: 39.581% 1.638%
<br /> TAXABLE TAX CAPACITY: 2,231,821 PREV ANNEX RATE: 61.816% 10.539%
<br /> ANNEX AREA: 161,447 PREV HRA RATE: 1.174% 0.125%
<br /> RURAL SERVICE: 1,214,186
<br /> REMAINDER: 856,188 PREV TXBLE MV: 173,640,200 15.8%
<br /> Total PREV TIF: 52,569 8.5%
<br /> REFERENDUM MKT VALUE: 146,721,890 Total PREV TC: 1,938,506 15.1%
<br /> TOTAL TAXABLE MKT VALUE: 201,117,600 w/o HRA PREV LEVY: 1,323,099 0.0%
<br /> TOTAL EST MKT VALUE: 228,965,200 w/o HRA PREV HACA: 0 0.0%
<br /> NEW CONSTRUCTION: 5,814,000. w/o HRA PREV NET LEVY: 1,100,000 20.3%
<br /> PREV HRA LEVY: 22,750 27.5%
<br /> Levied Certified
<br /> TOTAL CITY LEVY: $1,323,099.00 $1,323,099.00 Max. HRA Levy= .0144%of Txble MV(469.033.s.6)
<br /> BONDED DEBT LEVY: 0.00 0.00 0.0144% 28,960.93
<br /> CITY LEVY w/o DEBT $1,323,099.00 $1,323,099.00
<br /> TOTAL Over
<br /> REQUIRED DEBT LEVY: $10,600.00 Pd by assmt&lot sale
<br /> Check Debt Lev LGA RELIEF: 101,083
<br /> RATE: 4.529%
<br /> BENEFIT RATIO FOR RURAL SERVICE DISTRICT=50%(Beginning Pay 2003)
<br /> TAX CAPACITIES USED: *** NON-DEBT **** (w/o Annex) *** DEBT*** (w/Annex)
<br /> General City 100% 856,188 100% 856,188
<br /> Rural Service 50% 607,093 100% 1,214,186
<br /> Annex Area 100% 161,447
<br /> TOTAL 1,463,281 2,231,821
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