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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: <br />of Total costs <br />COR Revolving -Future Armstrong & CR #116 <br />$ <br />10,000,000 <br />29.44% <br />EDA <br />$ <br />600,000 <br />1.77% <br />Equipment Revolving Fund <br />$ <br />1,132,686 <br />3.33% <br />Landfill Trust Fund <br />$ <br />256,638 <br />0.76% <br />MSA <br />$ <br />8,498,931 <br />25.02% <br />Public Improvement Revolving (PIR) <br />$ <br />1,031,579 <br />3.04% <br />Stormwater Management <br />$ <br />200,000 <br />0.59% <br />Stormwater Utility <br />$ <br />381,882 <br />1.12% <br />Street Light Utility <br />$ <br />112,000 <br />0.33% <br />TIF 1 <br />$ <br />2,183,728 <br />6.43% <br />TIF 2 <br />$ <br />6,921,287 <br />20.37% <br />TIF4 <br />$ <br />2,255,015 <br />6.64% <br />Water Fund <br />$ <br />396,146 <br />1.17% <br />Total <br />$ <br />33,969,892 <br />100.00% <br />