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TIFMaken Projections District88
<br />Decertify Dec 31, 2021
<br />Projected Revenue Actual Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected
<br />FOR TIF VIII 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
<br />District Vlll (2028)
<br />Balance 730,519 907,682 695,397 579,929 562,728 590,264 894,118 1,202,530 1,515,568 1,833,301 2,155,801 2,483,138
<br />Revenues
<br />Tax Increment 301,294 305,000 305,000 305,000 305,000 305,000 305,000 305,000 305,000 305,000 305,000 305,000
<br />Interest Earnings 11,303 13,615 10,431 8,699 8,441 8,854 13,412 18,038 22,734 27,500 32,337 37,247
<br />Total Revenue 312,598 318,615 315,431 313,699 313,441 313,854 318,412 323,038 327,734 332,500 337,337 342,247
<br />Less:
<br />Intel -Fund Loan Prn from 2001 (not booked until 2017) (98,800) (95,000) (102,752) (103,442) (100,006)
<br />Intel -Fund Loan Int(4%) (16,200) (20,000) (12,248) (11,558) (4,000)
<br />W Properties (Land Reimbursement) (15,899) (15,900) (15,899) (15,900) (15,899)
<br />Lundeen Holdings (Phase II Reimbursement)
<br />Administrative Expenses (4,536) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (22,103)
<br />Total Expense (135,435) (130,900) (130,899) (130,900) (119,905) (10,000) (10.000) (10,000) (10,000) (10,000) (10,000) (22,103)
<br />CIP Project Costs:
<br />Road Projects: Riversbend (200,000)
<br />Road Projects: Chestnut Ridge, Wood Pond Hills & Hy 10 (300,000)
<br />Road Projects: Barthel's Rum River Acres 2nd (200,000)
<br />Road Projects: Woodpond Hills 2-5th (166,000)
<br />Road Projects eligibile amount per 1-17-18 Ehlers Email
<br />Maken Property Acquisition
<br />Ebony & 141st Avenue
<br />143rd Extension (also Tif 6)
<br />Engr Fees 141 & 143rd
<br />Total CIP Project Costs
<br />Remaining TIF Balance
<br />(Total Revenue less Total Project Costs
<br />Remaining Intertund Loan
<br />(200,000) (300,000) (200,000) (166,000)
<br />907.682 695.397 579.929 562.728 590,264 894.118 1,202,530 1,515,568 1,833,301 2,155.801 2,483,138 2,803,282
<br />**This will be sent back to County 12-31-21
<br />401,200 306,200 203,448 100,006
<br />6,481 462,722 590,264
<br />262
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