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TIF Projections District #8
<br />Maken
<br />TIF PROJECTIONS DISTRICT #8
<br />Projected Revenue
<br />FOR TIF VIII
<br />District VIII (2028)
<br />Balance
<br />Actual
<br />2007
<br />Actual
<br />2008
<br />Actual Actual Projected Projected Projected Projected Projected
<br />2009 2010 2011 2012 2013 2014 2015
<br />3,521 36,278 6,713 8,912 - 8,233 - (36,644) - (54,531) - (54,748) - (145,568)
<br />Revenues .
<br />Land Proceeds-Cullinan 117,755
<br />Tax Increment 266,041 261,929 267,591 297,177 250,000 250,000 250,000 250,000 250,000
<br />Transfer from TIF 2 to pay 20-40% bonded debt 41,062 84,577 52,385 82,476 126,426
<br />Interest Earnings 3,428.46 3,174.07 1,147.96 2,021.51 123.49 (549.661 (817.96) (821.21) (2,183.52)
<br />Total Revenue 387,224 306,165 353,316 351,584 332,599 375,876 249,182 249,179 247,816
<br />Less:
<br />Principal on 920,000 GOTI Bond (Fund 330 141st&143rd) (220,000) (200,000) (200,000) (300,000)
<br />Int on 920,000 GOTI Bond(fund 330-141st&143rd Ave) (41,062) (42,810) (32,936) (42,050) (42,810) (32,800) (23,500) (14,100)
<br />Principal on 1,680,000 GO Taxable(Fund 329 Maken Land bond (192,700) (205,000) (221,400) (233,700) (41,000)
<br />Interest on 1,680,000 GO Taxable(Fund 329 Maken Land Bond . (57,843) (49,346) (42,238) (18,192) (2,768)
<br />S&W Trunk -Sauter & RJM (117,727)
<br />Interfund Loan Pm
<br />Interfund Loan Int
<br />Old Castle Precast Site Impr (10,000)
<br />Clean up Cullinan Site (17,960) (17,454)
<br />W Properties (Land Reimbursement) (15,899) (15,899) (15,899) (15,899) (15,899) (15,899) (15,899) (15,899) (15,899)
<br />Lundeen Holdings (Phase II Reimbursement) (40,000) (45,000) (17,337) '
<br />Administrative Expenses (19,004) (22,675) (21,190) (2,423) (10,000) (10,000) (10,000) (10,000) (10,000)
<br />Total Expense (354,467) (335,730) (351,117) 1352,263) (377,477) (393,763) (249,399) (339,999) 125,899)
<br />CIP Project Costs:
<br />Total CIP Project Costs -
<br />Remaining TIF Balance 36,278 6,713 8,912 8,233 (36,644) (54,5311 (54,748' (145,568) 76,350
<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 4/20/2011
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