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I Subsection 1.5. Estimated Public Costs and Supportive <br /> Data. The estimated LcOsts of the public improvements to be <br /> ~ within Development District No. 1 and finance~ by tax <br />I increments will be derived from the tax increment fxnancin9 <br /> districts within Development District No. 1. <br />I (AS ORIGINALLY ADOPTED JULY 9, 1985] <br /> (Tax Increment Financing District No. 1) <br /> <br />I Project A <br /> (Municipal Community Center) <br /> <br />I PUBLIC IMPROVEMENTS <br /> 65,000 sq. ft. structure con- <br /> <br /> raining: swimming pool, 3 <br />I racquetball courts, 2.meeting <br /> rooms, locker areas w~th <br /> showers, ice arena, con- <br />I cession area, equipment rooms, <br /> <br />$3,900,000 <br /> <br />I <br />I <br />I <br /> <br /> PROFESSIONAL SERVICES <br /> CONTINGENCY <br /> <br />ADMINISTRATION <br /> 10% _~ximum allowed for local <br /> administration <br /> <br /> SUBTOTAL <br /> <br />585,000 <br />390,000 <br />390,000 <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 />I Project B <br /> <br />(THERE IS <br />INSUFFICIENT <br />TAX INCREMENTS <br />GENERATED AT <br />PRESENT TIME <br />TO FINANCE <br />PROJECT A) <br /> <br /> (Installation of MUnicipal Water and Sewer) <br /> <br />PUBLIC IMPROVEMENTS $ <br /> <br /> 36" truck sewer along Highway 10 - <br />I approximately half a mile to <br /> Sunfish Lake Boulevard <br /> 36" sub trunk sewer from inter- <br />I ceptor to Industry Avenue - <br /> approximately half a mile <br /> <br />900,000 <br /> <br />1-5 <br /> <br /> <br />