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SUNWOOD REALIGNMENT FUNDING OPTIONS <br />REVENUE SOURCES <br />Water Utility <br />$ <br />237,902.94 <br />Stormwater Management <br />$ <br />255,075.50 <br />Anoka County Regional Rail <br />$ <br />1,700,000.00 <br />TIF 2 * <br />$ <br />500,000.00 <br />Land Sale Proceeds ** <br />$ <br />1,400,000.00 <br />Total <br />$ <br />4,092,978.44 <br />Funding Gap <br />$ <br />1,025,713.21 <br />* available in 2013 <br />** assumed total net proceeds <br />OTHER OPTIONS FOR CONSIDERATON TO FUND GAP <br />TIF # <br />$ <br />300,000.00 <br />TIF Bonding ## <br />$ <br />1,100,000.00 <br />Met Council TOD Grant <br />$ <br />2,000,000.00 <br />LR I P Grant <br />$ <br />500,000.00 <br />Total <br />$ <br />1,400,000.00 <br /># generated by improvements on newly created developable area (new retail node) <br />## generated by improvements within entire COR <br />TIF options are either/or, not cumulative <br />Grant options have pending application to Met Council and MnDOT <br />