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against park obligations as park improvements are non-TIF <br />eligible. Park Trust Fund will be the benefitting fund. <br />3. After steps 1 and 2 above have been paid in full, additional <br />land proceeds generated will pay back the city HRA (Other <br />designated City Fund if HRA dissolved) for any expended funds <br />related to non-TIF eligible items such as administrative <br />expenses and marketing. <br />4. After steps 1, 2 and 3 above have been paid in full, additional <br />land proceeds will be distributed to the respective city funds <br />per percentages outlined below: <br />Percentage <br />City Funds Expensed: of Total costs <br />COR Revolving -Future Armstrong & CR #116 $ 10,000,000 29.44% <br />EDA $ 600,000 1.77% <br />Equipment Revolving Fund $ 1,132,686 3.33% <br />Landfill Trust Fund $ 256,638 0.76% <br />MSA $ 8,498,931 25.02% <br />Public Improvement Revolving (PIR) $ 1,031,579 3.04% <br />Stormwater Management $ 200,000 0.59% <br />Stormwater Utility $ 381,882 1.12% <br />Street Light Utility $ 112,000 0.33% <br />TIF 1 $ 2,183,728 6.43% <br />TIF 2 $ 6,921,287 20.37% <br />TIF 4 $ 2,255,015 6.64% <br />Water Fund $ 396,146 1.17% <br />Total $ 33,969,892 100.00% <br />