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TIF Projections District #1-Rivers Bend TIF PROJECTIONS DISTRICT #1
<br />Decertifies FUTURE
<br />Projected Revenue Actual Actual Actual Projected Projected
<br />FOR TIF I 2008 2009 2010 2011 2012»»>
<br />District I (2011)
<br />Balance 817,357 1,012,349 1,415,773 2,122,527
<br />Revenues
<br />TIF Increments 853,646 886,402 867,508 796,980
<br />Trans from TIF 10 Land sales/Orig Land Purchased with TIF 1 Bond (Fund 332) 787,803
<br />Advancement on F&C 10 year loan (See $1,420,000 below) 120,000
<br />Transfer from TIF 10 for non -increment int attriuted to land sales above 24,713
<br />F&C Loan paid back
<br />Repay for Sunfish Park 30,000
<br />Bond Proceeds
<br />Transfer of Int earnings prior to 1997 to HRA (263,496)
<br />Interest Earnings 41,458.38 44,765.79 59,429.26 31, 837.90
<br />Total Revenue 895,104 961,168 926,937 1,497,838 1,300, 000
<br />Less:
<br />Bond Prn/Int-Sunfish Business Park(Fund 331, 332)
<br />($1, 045, 000 & $1,215,000) (426, 927) (327,127)
<br />(Azurite St & Waste Mgmt Site)
<br />Bond Principal (B&A Cyl $1,035,000) FUND #342 (165,000) (175,000) (185,000)
<br />Bond Interest (B&A Cy1 $1,035,000) (36,570) (28,485) (19,735)
<br />McKinley Street or Road Reconstructions
<br />Interfund Loan F&C (Tif Spending Plan)
<br />Administrative Expenses (28, 354) - (27,132)
<br />Total Expense (656, 851) (557, 744)
<br />CIP Project Costs:
<br />Ramp Construction Extension
<br />Rail Stop ROW
<br />County #116 acquisition
<br />Well #7 RTC Phase 1
<br />y Total CIP Project Costs
<br />G)
<br />m
<br />Remaining TIF Balance
<br />(Total Revenue less Total Project Costs
<br />(43,262)
<br />(43,262)
<br />1,012,349
<br />(200, 000)
<br />(10,300)
<br />(1,420,000)
<br />(15,448) -(35,000)
<br />(220,183) (1,665,300) (1,250,000)
<br />1,300,000
<br />,250,000)
<br />(900,000)
<br />(862,064)
<br />(193, 000)
<br />- - (1,955,064)
<br />1,415, 773 2,122, 527 0 50,000
<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
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