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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 /> 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) $ 1,0311579 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 $ 2,183,728 6.43% <br /> TIF 2 $ 6,921,287 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 />