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TIF Projections District #8
<br />Maken
<br />TIF PROJECTIONS
<br />DISTRICT#8
<br />Projected Revenue
<br />Actual
<br />Actual
<br />Actual
<br />Projected
<br />Projected
<br />Projected
<br />Projected
<br />Projected
<br />Projected
<br />FOR TIF VIII
<br />2007
<br />2008
<br />2009
<br />2010
<br />2011
<br />2012
<br />2013
<br />2014
<br />2015
<br />District VIII (2028)
<br />Balance
<br />3,521
<br />36,278
<br />6,713
<br />8,912. -
<br />(30,954) -
<br />(16,419) -
<br />(94,902) -
<br />(95,724) -
<br />(187,159)
<br />Revenues
<br />Land Proceeds- Cullinan
<br />Tax Increment
<br />117,755
<br />266,041
<br />261,929
<br />267,591
<br />250,000
<br />250,000
<br />250,000
<br />250,000
<br />250,000
<br />250,000
<br />Transfer from TIF 2 to pay 20 -40% bonded debt
<br />3,428.46
<br />41,062
<br />3174 07
<br />84,577
<br />1,147.96
<br />70,601
<br />133 68
<br />82,476
<br />(464.31)
<br />126,426
<br />(1,1462
<br />(1
<br />(1,435.86)
<br />(2 807.39)
<br />Interest Earnings
<br />Total Revenue
<br />387,224
<br />306,165
<br />353,316
<br />320,735
<br />332,012
<br />375,280
<br />248,576
<br />248,564
<br />247,193.
<br />Less:
<br />Principal on 920,000 GOTI Bond (Fund 330 141st&143rd)
<br />(220,000)
<br />(200,000)
<br />(200,000)
<br />(300,000)
<br />Int on 920,000 GOTI Bond(fund 330 -141st &143rd Ave)
<br />(41,062)
<br />(42,810)
<br />(32,.936)
<br />(42,810)
<br />(42,810)
<br />(32,800)
<br />(23,500)
<br />(14,100)
<br />Principal on 1,680,000 GO Taxable(Fund 329 Maken Land bond
<br />(192,700)
<br />(2052000)
<br />(221,400)
<br />(233,700)
<br />(41,000)
<br />Interest on 1,680,000 GO Taxable(Fund 329 Maken Land Bond -
<br />(57,843)
<br />(49,346)
<br />(42,238)
<br />(18,192)
<br />(2,768)
<br />S&W TrunkSauter & RJM
<br />(117,727)
<br />Interfund Loan Pm
<br />Interlund Loan Int
<br />Old Castle Precast Site Impr
<br />(10,000)
<br />Clean up Culfinan Site
<br />W Properties (Land Reimbursement)
<br />(17,960)
<br />(15,899)
<br />(15,899)
<br />(17,454)
<br />(15,899)
<br />(15,899)
<br />(15,899)
<br />(15,899)
<br />(15,899)
<br />(15,899)
<br />(15,899)
<br />Lundeen Holdings (Phase II Reimbursement)
<br />(21,190)
<br />(40,000)
<br />(10,000)
<br />(45,000)
<br />(10,000)
<br />(17,337)
<br />(10,000)
<br />(10,000)
<br />(10,000)
<br />(10,000)
<br />Administrative Expenses
<br />(19,004)
<br />(22,675)
<br />Total Expense (354,467) (335,730) (351,117) (360,601) (377 477) ( 3 9 3 ,7 63) (249 • (339,999) (25,899)
<br />CIP Project Costs:
<br />Total CIP Project Costs - - - - - - - - -
<br />Remaining TIF Balance 36,278 6,713 8,912 (30,954) (76,419) (94,902) (95,724) (187,159) 34,134
<br />(Total Revenue less Total Project Costs
<br />Note: Will need to pool increment from TIF 2 to pay off bonds
<br />Prepared by Finance Department 11/912010
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