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TIF Projections District #1- Rivers Bend
<br />Projected Revenue
<br />FOR TIF I
<br />District I (2011)
<br />Balance
<br />Revenues
<br />TIF Increments
<br />Trans from TIF 10 Land sales /Orig Land Purchased
<br />Advancement on F &C 10 year loan (See $1,420,000
<br />Transfer from TIF 10 for non - increment int attriuted
<br />F &C Loan paid back
<br />Repay for Sunfish Park
<br />Bond Proceeds
<br />Transfer of Int earnings prior to 1997 to HRA
<br />Interest Earnings
<br />Actual
<br />2008
<br />817,357
<br />853,646
<br />with TIF 1 Bond (Fund 332)
<br />below)
<br />to land sales above
<br />41,458.38
<br />Total Revenue 895,104
<br />Less:
<br />Bond Prn /Int- Sunfish Business Park(Fund 331, 332)
<br />($1,045,000 & $1,215,000) (426,927)
<br />(Azurite St & Waste Mgmt Site)
<br />Bond Principal (B&A Cyl $1,035,000) FUND #342 (165,000)
<br />Bond Interest (B&A Cyl $1,035,000) (36,570)
<br />McKinley Street or Road Reconstructions
<br />Interfund Loan F &C (Tif Spending Plan)
<br />Administrative Expenses - (28,354)
<br />Total Expense
<br />CIP Project Costs:
<br />Ramp Construction Extension
<br />Rail Stop ROW
<br />County #116 acquisition
<br />Well #7 RTC Phase 1
<br />Total CIP Project Costs
<br />m
<br />N Remaining TIF Balance
<br />(Total Revenue less Total Project Costs
<br />TIF PROJECTIONS DISTRICT #1
<br />(656, 851)
<br />(43,262)
<br />(43,262)
<br />1,012,349
<br />Actual
<br />2009
<br />1,012,349
<br />886,402
<br />30,000
<br />44,765.79
<br />961,168
<br />(327,127)
<br />(175,000)
<br />(28,485)
<br />(27,132)
<br />(557,744)
<br />1,415, 773
<br />Actual
<br />2010
<br />1,415, 773
<br />867,508
<br />59,429.26
<br />926,937
<br />(185,000)
<br />(19,735)
<br />(15,448)
<br />(220,183)
<br />2,122,527
<br />Decertifies
<br />Projected
<br />2011
<br />»After Year 2012 City will keep TIF 1 open to track funds that will be paid back from Loan #1 with F &C -The Residence Project
<br />2,122,527
<br />796,980
<br />787,803
<br />120,000
<br />24,713
<br />(263,496)
<br />31,837.90
<br />(200, 000)
<br />(10,300)
<br />(1,420,000)
<br />(35,000)
<br />(900,000)
<br />(862,064)
<br />(193,000)
<br />(1,955,064)
<br />0
<br />FUTURE
<br />Projected
<br />2012 » »>
<br />1,300,000
<br />1,497,838 1,300, 000
<br />(1,250,000)
<br />(1,665,300) (1,250,000)
<br />50,000
<br />
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