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I Subsection 1.5. £stimated Public Costs and Supportive <br /> D&t&. ?he estimated 'costs of the public improvements 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. I. <br /> <br /> (AS ORIGINALLY ADOPTED JULY 9, 1985) <br />(Tax Increment Financing District No. 1) <br /> <br /> Pro~ect A <br />(Municipal Community <br /> <br />PUBLIC IMPROVEMENTS <br /> 65,000 sq. ft. structure con- <br /> <br /> taining~ swimming pool, 3 <br />I racquetball courts, 2 meeting <br /> rooms, locker areas with <br /> <br />showers, ice arena, con- <br /> <br />Center) <br /> <br />I cession area, equipment rooms, <br /> gym <br /> <br />$3,900,000 <br /> <br /> PROFESSIONAL SERVICES <br /> CONTINGENCY <br /> <br />ADMINISTRATION <br /> 10t maximum allowed ~or local <br /> a~n/nistration <br /> <br /> SUBTOTAL <br /> <br />I INTEREST ON BONDS PRIOR TO RECEIPT <br /> OF TAX INCREI~.NT TO FULLY FUND <br /> <br /> $ 585,000 <br /> <br /> $ 390,000 <br />$ 390,000 <br /> <br />$5,265,000 <br /> <br />PRINCIPAL AND INTEREST-assumes <br />,.__t $ (~ IS <br /> interest <br /> rate <br /> INSUFFICIENT <br />DISCOUNT BIDDING $ TAX INCREMENTS <br /> GENERATED AT <br /> TOTAL AMOUNTOF PRESENT TIME <br /> <br />BONDS TO BE SOLD <br /> <br />! <br /> (Installation of Municipal <br /> <br />PUBLIC IMPROVEMENTS <br /> <br />36' truck sewer along Highway 10 - <br /> approximately hal£ a mile to <br /> <br />Sunfish Lake Boulevard <br /> <br />sub trunk sewer Erom inter- <br />ceptor to Industry Avenue - <br /> approxi ately half a mile <br /> <br />$ <br /> PROJECT A) <br /> <br />Water and Sewer) <br /> <br /> $ <br /> <br />900,000 <br /> <br /> <br />