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TIF Projections District #1-Rivers Bend
<br />TIF PROJECTIONS DISTRICT#1
<br />Projected Revenue Actual Actual Actual Actual Projected
<br />FOR TIF I 2007 2008 2009 2010 2011
<br />bistrict I (2011)
<br />Balance 893,335 817,357 1,012,349 1,415,773 2,122,527
<br />Revenues
<br />TIF Increments 811,974 853,646 886,402 867,508 756,980
<br />Repay for Sunfish Park 30,000
<br />Bond Proceeds
<br />Interest Earnings 46,152.90 41,458.38 44,765.79 59,429.26 31,837.90
<br />Total Revenue 858,126 895,104 961,168 926,937 788,818
<br />Less:
<br />Bond Principal (Fund 322/334, 324) (255,000)
<br />Bond Interest (2,869)
<br />Bond Prn/Int-Sunfish Business Park(Fund 331, 332)
<br />($1,045,000 & $1,215,000) (104,590) (426,927) (327,127)
<br />(Azurite St & Waste Mgmt Site)
<br />Bond Principal (B&A Cyl $1,035,000) FUND #342 (160,000) (165,000) (175,000) (185,000) (200,000)
<br />Bond Interest (B&A Cyl $1,035,000) (44,330) (36,570) (28,485) (19,735) (10,300)
<br />Interfund Loan F&C (Tif Spending Plan) (1,300,000)
<br />Administrative Expenses (30,986) (28,354) (27,132) (15,448) (35,000)
<br />Total Expense (597,775) (656,851) (557,744) (220,183) (1,545,300)
<br />CIP Project Costs:
<br />Amoco Acquisition
<br />B&A Cylinder (bonded)6 yrs @4.5%
<br />Ramp Construction Extension (1,064,399)
<br />County #116 acquisition (193,000)
<br />Well #6 RTC Site
<br />Well #7 RTC Phase 1 (336,330) (43,262) (62,167)
<br />Watermain RTC
<br />***Highway #47
<br />***Projects completed or to be completed
<br />Total CIP Project Costs
<br />Remaining TIF Balance
<br />(Total Revenue less Total Project Costs
<br />(336,330) (43,262)
<br />817,357 1,012,349
<br />1,415,773 2,122,527
<br />(1,319,566)
<br />46,478
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