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• Distribution of Tax Increment Funds. The following will be <br />administered sequentially as funds are received: <br />1. When Tax Increment Funds are received from the County, any <br />increment remaining after the payment of obligated debt will <br />repay the city funds 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 />