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against park obligations as park improvements are non-TIF <br /> eligible. Park Trust Fund will be the benefitting fund. <br /> 3. After steps 1 and 2 above have been paid in full, additional <br /> land proceeds generated will pay back the city HRA (other <br /> designated City Fund if HRA dissolved) for any expended funds <br /> related to non-TIF eligible items such as administrative <br /> expenses and marketing. <br /> 4. After steps 1, 2 and 3 above have been paid in full, additional <br /> land proceeds will be distributed to the respective city funds <br /> per percentages outlined below: <br /> Percentage <br /> City Funds Expensed: of Total costs <br /> COR Revolving-Future Armstrong&CR#116 $ 10,000,000 29.44% <br /> EDA $ 600,000 1.77% <br /> Equipment Revolving Fund $ 1,132,686 3.33% <br /> Landfill Trust Fund $ 256,638 0.76% <br /> MSA $ 8,498,931 25.02% <br /> Public Improvement Revolving(PIR) $ 1,031,579 3.04% <br /> Stormwater Management $ 200,000 0.59% <br /> Stormwater Utility $ 381,882 1.12% <br /> Street Light Utility $ 112,000 0.33 <br /> TIF 1 $ 21183,728 6.43% <br /> TIF 2 $ 61921,287 20.37% <br /> TIF 4 $ 2,255,015 6.64% <br /> Water Fund $ 396,146 1.17% <br /> Total $ 33,969,892 100.00% <br />