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Subsection I.S. Estimated Public Costs and Supportive <br />Data. The estimated costs of th - e -- p - 5 7 611c improvements to be <br />maTe within Development District No. 1 and financed by tax <br />increments will be derived from the tax increment financing <br />districts within Development District No. 1. <br />(AS ORIGINALLY ADOPTED JULY 9, 1985) <br />(Tax Increment Financing District No. 1) <br />Project A <br />(Municipal Community Center) <br />PUBLIC IMPROVEMENTS $3,900,000 <br />65,000 sq. ft. structure con- <br />taining: swimming pool, 3 <br />racquetball courts, 2 meeting <br />rooms, locker areas with <br />showers, ice arena, con- <br />cession area, equipment rooms, <br />gym <br />PROFESSIONAL SERVICES <br />$ 585,000 <br />CONTINGENCY <br />$ 390,000 <br />ADMINISTRATION <br />$ 390,000 <br />10% maximum allowed for local <br />administration <br />SUBTOTAL <br />$5,265,000 <br />INTEREST ON BONDS PRIOR TO RECEIPT <br />OF TAX INCREMENT TO FULLY FUND <br />PRINCIPAL AND INTEREST - assumes <br />_8 interest rate <br />$ (THERE IS <br />INSUFFICIENT <br />DISCOUNT BIDDING <br />$ TAX INCREMENTS <br />GENERATED AT <br />TOTAL AMOUNT OF <br />PRESENT TIME <br />BONDS TO BE SOLD <br />$ TO FINANCE <br />PROJECT A) <br />Project B <br />(Installation of Municipal Water <br />and Sewer) <br />PUBLIC IMPROVEMENTS <br />$ 900,000 <br />36" truck sewer along Highway 10 - <br />approximately half a mile to <br />Sunfish Lake Boulevard <br />36" sub trunk sewer from inter- <br />ceptor to Industry Avenue - <br />approximately half a mile <br />1 - 5 <br />