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• Distribution of Tax Increment Funds. The following will be <br />administered sequentially as funds are received: <br />1. When Tax Increment Funds are received from the County, any <br />increment remaining after the payment of obligated debt will <br />repay the city funds per percentages outlined below: <br />City Funds Expensed: <br />COR Revolving -Future Armstrong & CR #116 $ 10,000,000 <br />EDA $ 600,000 <br />Equipment Revolving Fund $ 1,132,686 <br />Landfill Trust Fund $ 256,638 <br />MSA $ 8,498,931 <br />Public Improvement Revolving (PIR) $ 1,031,579 <br />Stormwater Management $ 200,000 <br />Stormwater Utility $ 381,882 <br />Street Light Utility $ 112,000 <br />TIF 1 $ 2,183,728 <br />TIF 2 $ 6,921,287 <br />TIF 4 $ 2,255,015 <br />Water Fund $ 396,146 <br />Percentage <br />of Total costs <br />29.44% <br />1.77% <br />3.33% <br />0.76% <br />25.02% <br />3.04% <br />0.59% <br />1.12% <br />0.33% <br />6.43% <br />20.37% <br />6.64% <br />1.17% <br />Total $ 33,969,892 100.00% <br />