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TIF Projections District #2 - Gateway
<br />(2013) Decertifies FUTURE
<br />Actual Actual Actual Projected Projected Projected Projected
<br />2008 2009 2010 2011 2012 2013 - 2014»»>
<br />Revenues
<br />TIF Increments on agreements 1,597,314 1,713,092 1,778,780 1,606,000 1,437,582 1,437,582
<br />Land Sale -Brown 38,653
<br />Internal Loan From Landfill Trust Fund 1,811,000
<br />F&C City Fees Paid back via TIF 14 (limit 5% annual increment)Prn only 4% int allowed 2,444,000
<br />F&C Admin Fees Paid Back Via TIF 14 (limit 10% annual increment)-Prn only 4% int allowed 500,000
<br />Land Sale -Ace 278,749
<br />Transfer of Int earnings prior to 1997 to HRA (41,387)
<br />Interest Earnings(2000 neg int adj for borrowing) 71,906.17 80,303.68 122,918.08 67,028.93 9,004.63 1,019.03 3,604.59
<br />Total Revenue $1.986.623 $1.793.395 $1.901.698 $3.442.642 $1,446,587 81.438.601 82.947.605
<br />Expenses
<br />Sauter Land Purchase Bond Int (Fund 329 $1,680,000 Bond-18% of br (2,088) (7,152) (3,993) (608)
<br />Sauter Land Purchase Bond Prin (Fund 329 $1,680,000 Bond-18% of (45,000) (48,600) (51,300) (9,000)
<br />Parabody Pay-Go(site impr) (20,264) (20,264) (20,264) (20,264) (20,264) (20,264)
<br />Well #5-Bond Prin (Fund 328 $1,695,000 bond) (450,000)
<br />Well #5 Bond Int (Fund 328 $1,695,000 Bond) (24,075) (12,038)
<br />Bond Interest (Fund 323/335 $2,600,000 Bond) (16,334) (10,468) (3,644)
<br />Bond Principal (Fund 323/335 $2,600,000 Bond) (255,000) (265,000) (265,000)
<br />Sac/Wac misc projects(estimated 12-31-01) (500,000)
<br />Sharp Reimbursement -Sunfish Gateway (46,875) (46,875) (46,875) (46,875)
<br />Debt Service from TIF 8 (41,062) (84,577) (52,385) (82,476) (82,476) (82,746)
<br />F&C City Fees(Spending Plan) (2,444,000)
<br />Decrease in Fees
<br />Administrative Expenses (38,972) (35,133) (13,960) (40,000) (40,000) (40,000)
<br />Total Expense ($489,669) ($980,107) ($457,422) ($2,643,223) ($142,740) ($643,010) $0
<br />AVAILABLE REVENUES $1,496,954 $813,288 $1,444,276 $799,419 $1,303,847 $795,591 $2,947,605
<br />CIP Project Costs:
<br />Bury Carlson Land (159,905)
<br />Command/National Growth -Minks Property (25,000) (25,000) (25,000)
<br />141 st Avenue Road Construction
<br />142nd Court Street Improvements (B&A CyI) (325,000)
<br />Internal Loan from TIF 14 for Admin Fees F&C project (89,069). (410,931)
<br />Brothers Property (600,000)
<br />Johnson Brothers (415,300)
<br />Healthquest (900,000)
<br />D & P Properties (700,000)
<br />Road Reconstruction (572,000)
<br />RAIL STOP (See Internal Loan From Above) (3,890,000)
<br />Internal Loan from Landfill Trust -Principal (1,200,000) (611,000)
<br />Internal Loan from Landfill Trust -Interest 2% (36,220) (12,220)
<br />Parks Acquisition (17,500)
<br />Pond Reim Tag Machine (19,360)
<br />Sparkle Pool (310,400)
<br />Brown (4,500)
<br />y McKinley Street (6,601)
<br />m County Road #116 (#47 toDysprosium) (600,000)
<br />w County Road #116 (Dysprosium to County #57) (58,225) (41,775)
<br />o Total CEP Project Costs (523,906) (102,584) (114,069) (4,667,706) (1,836,220) (623,220) (3,187,300)
<br />Remaining TIF Balance/(Deficit) $2,427,684 $3,138,388 $4,468,595 $600,308 $67,935 $240,306 $611
<br />»>After Year 2012 City will keep TIF 2 open to track funds that can be transferred from TIF 14 to pay back for F&C development Fees
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