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12/14/10 Special
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12/14/10 Special
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7/17/2025 3:05:01 PM
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Meetings
Meeting Document Type
Agenda
Document Title
Housing & Redevelopment Authority - Special
Document Date
12/14/2010
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= <br />a) <br />a) <br />- <br />e <br />\ 2 <br />o <br />\ o <br />� 7 m <br />m <br />< <br />± <br />< <br />» <br />{ S»}7 <br />E _"E .\\ <br />E <br />ce ( 03 -iƒ%a <br />t + o 7 / 7 <br />E / f a 8 <br />° .E <br />/ -0,»wL_ <br />m = <br />26 Years <br />Present Value <br />$500,000 <br />Up to 26 Years <br />Present Value <br />$1, 943, 200 <br />< <br />7 <br />& <br />g j .- <br />CO <br />\kI \ <br />Ts <br />4- /|—\ <br />15%ofTIF <br />Generated By <br />Development <br />TIF generated by <br />other development <br />85% of TIF <br />generated by <br />development <br />--Z. <br />How to Mitigate <br />Risk <br />Rei mbursement <br />only after <br />expenditures <br />Corporate <br />guarantee <br />Timing of payment <br />to City <br />N/A Since PAYGO <br />< <br />» <br />§5 <br />45 <br />\\/ <br />} <br />\ <br />< <br />< <br />» <br />E y <br />«2 <br />%o- <br />� <br />Up front by City at time <br />of plat <br />(Source is Existing TIF) <br />Pay -As -You -Go TIF <br />(PAYGO) <br />= <br />S <br />5/ <br />»f <br />) <br />z <br />>,[\ <br />= o <br />« <br />» <br />, <br />% ._ <br />0 <br />§®S <br />_ <br />-/\ <br />m <br />E <br />Rei mburse <br />City for various <br />development <br />fees <br />Rei mbursement <br />for qualfied TIF <br />costs <br />= <br />oo <br />m/- <br />7 <br />00�= <br />E 0 , p <br />ƒ}6 <br />\ <br />$ 2,443,200 <br />$ 2,000,000 <br />\ <br />\ <br />/ <br />\ <br />3 <br />m <br />e <br />0 <br />Development Fees <br />Present Value of TIF From <br />Project (85%) <br />TOTAL CONTRIBUTION <br />0 <br />57 <br />u <br />0 <br />5 <br />\ <br />0 <br />co <br />0 <br />•— <br />c <br />O <br />M <br />.� <br />>- <br />-0 <br />Ln <br />_0 <br />4J <br />a) <br />Z <br />-0 <br />CO <br />0- <br />w <br />0 <br />0 <br />0 <br />O <br />N <br />11111 <br />11111 <br />y <br />551) <br />
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