|
TIF Projections District #8
<br />Maken
<br />TIF PROJECTIONS DISTRICT #8
<br />Projected Revenue Actual Actual Actual Projected Projected Projected Projected Projected Projected
<br />FOR TIF VIII 2008 2009 2010 2011 2012 2013 2014 2015 2016
<br />District VIII (2028)
<br />Balance 36,278 6,713 8,912 - 8,233 - (36,644) - (54,531) - (54,748) - (145,568) - 76,350 -
<br />Revenues
<br />Land Proceeds - Cullinan
<br />Tax Increment 261,929 267,591 297,177 250,000 250,000 250,000 250,000 250,000 250,000
<br />Transfer from TIF 2 to pay 20-40% bonded debt 41,062 84,577 52,385 82,476 126,426
<br />Interest Earnings 3,174.07 1,147.96 2,021.51 123.49 (549.66) (817.96) (821.21) (2,183.52) 1,145.25
<br />Total Revenue 306,165 353,316 351,584 332,599 375,876 249,182 249,179 247,816 251,145
<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) (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 t (205,000) (221,400) (233,700) (41,000)
<br />Interest on 1,680,000 GO Taxable(Fund 329 Maken Land II (49,346) (42,238) (18,192) (2,768)
<br />S &W Trunk - Sauter & RJM (117,727)
<br />Interfund Loan Prn
<br />Interfund Loan Int
<br />Old Castle Precast Site Impr
<br />Clean up Cullinan Site (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 (22,675) (21,190) (2,423) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000)
<br />Total Expense (335,730) (351,117) (352,263) (377,477) (393,763) (249,399) (339,999) (25,899) (25,899)
<br />CIP Project Costs:
<br />Total CIP Project Costs - -
<br />Remaining TIF Balance 6,713 8,912 8,233 (36,644) (54,531) (54,748) (145,568) 76,350 301,596
<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 11/8/2011
<br />
|