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I <br /> I <br /> I <br /> I <br /> I <br /> <br />'1 <br /> ! <br /> I <br /> I <br /> I <br />I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> <br /> Subsection 1.5. Estimated Public Costs and Supportive <br />Data. The estimated costs of the publi~ ~mprovements to be <br />~ within Development District No. 1 and financed by tax <br />increments will be derived from the tax increment financing <br />districts within Development District No. 1. <br /> <br /> (AS ORIGINALLY ADOPTED JULY 9, 1985) <br />(Tax Increment Financing District No. 1) <br /> <br /> P~oject A <br />(Municipal Community Center) <br /> <br />PUBLIC IMPROVEMENTS <br /> 65,000 sq. ft. structure con- <br /> taining: swimming pool, 3 <br /> racquetball courts, 2 meeting <br /> rooms, locker areas with <br /> showers, ice arena, con- <br /> cession area, equipment rooms, <br /> gym <br /> <br />$3,900,000 <br /> <br />PROFESSIONAL SERVICES <br /> <br />$ 585,000 <br /> <br />CONTINGENCY <br /> <br />$ 390,000 <br /> <br />ADMINISTRATION <br /> 10% maximum allowed for local <br /> administration <br /> <br />390,000 <br /> <br />SUBTOTAL <br /> <br />$5,265,000 <br /> <br />INTEREST ON BONDS PRIOR TO RECEIPT <br />OF TAX INCREMENT TO FULLY FUND <br />PRINCIPAL AND INTEREST-assumes <br /> % interest rate <br /> <br />DISCOUNT BIDDING <br /> <br />TOTAL AMOUNT OF <br />BONDS TO BE SOLD <br /> <br /> Project B <br />(Installation of Municipal Water and Sewer) <br /> <br />PUBLIC IMPROVEMENTS <br /> 36" truck sewer along Highway 10 - <br /> approximately half a mile to <br /> Sunfish Lake Boulevard <br /> 36" sub trunk sewer from inter- <br /> ceptor to Industry Avenue - <br /> approximately half a mile <br /> <br />900,000 <br /> <br />1 - 5 <br /> <br /> <br />