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TIF Projections District #8
<br />Maken
<br />TIF PROJECTIONS DISTRICT #8
<br />Projected Revenue Projected Projected Projected Projected Projected Projected Projected Projected Projected
<br />FOR TIF VIII 2016 2017 2018 2019 2020 2021 2022 2023 2024
<br />District VIII (2028)
<br />Balance 76,350 - 301,596 - 530,221 - 762,275 - (50,523) -- 172,820 - 399,513 - 645,506 - 895,189 -
<br />Revenues
<br />Land Proceeds-Cullinan
<br />Tax Increment 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000-
<br />Transfer from TIF 2 to pay 20-40% bonded debt
<br />Interest Eamings 1,145.25 4,523.94 7,953.31 11,434.13 (757.85) 2,592.30 5,992.70 9,682.59 13,427.83
<br />Total Revenue 251,145 254,524 257,953 261,434 249,242 252,592 255,993 259,683 263,428
<br />Less:
<br />Principal on 920,000 GOTI Bond (Fund 330 141st8
<br />Int on 920,000 GOTI Bond(fund 330-141st &143rd
<br />Principal on 1,680,000 GO Taxable(Fund 329 Mak(
<br />Interest on 1,680,000 GO Taxable(Fund 329 Make!
<br />S&W Trunk -Sauter & RJM
<br />Intertund Loan Prn (500,000)
<br />Interfund Loan Int (548,333)
<br />Old Castle Precast Site Impr
<br />Clean up Cullinan Site
<br />W Properties (Land Reimbursement) (15,899) (15,899) (15,899) (15,899) (15,899) (15,899)
<br />Lundeen Holdings (Phase II Reimbursement)
<br />Administrative Expenses (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000)
<br />Total Expense (25,899) (25,899) (25,899) (1,074,232) f25,899) (25,899 f10,000) f10,000) (10,000)
<br />CIP Project Costs:
<br />Total CIP Project Costs
<br />Remaining TIF Balance 301,596 530,221 762,275 (50,5231 172,820 399,513 645,506 895,189 1,148,617
<br />(Total Revenue less Total Project Costs
<br />Note: Will need to pool increment from TIF 2 to pa
<br />Prepared by Finance Department 4/20/2011
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