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TIF Projections District #2 - Gateway
<br />(2013)
<br />Tif Plan Budget Amended 11-13
<br />Decertified
<br />Actual
<br />2013 2016
<br />Actual
<br />Actual
<br />2017
<br />Actual
<br />2018
<br />Actual
<br />2019
<br />Actual
<br />2020
<br />Actual
<br />2021
<br />Actual Actual Projected Projected
<br />2022 2023 2024 2025
<br />Revenues
<br />TIF Increments on agreements $ 1,557,425 $ $ - $ $ $ - $ $ $ - $ - $
<br />Easement funds for Business Park 95 10,454 0 0 0 0 0 0 0 0 -
<br />Reim for Prior 2010 exp COR area 1,137 1,137 1,137
<br />Int on F&C City Fee Loan 97,728 93,237 88,567
<br />Interest on F&C Admin Loan (TIF 14 in amount of $425,845.90) for 2010-2015 int 17,034 16,255 15,445
<br />Interest Earnings(2000 neg int adj for borrowing) (21,681.33) 22,679 33,465 41,585 76,821 67,026 11,641 19,829 108,361 11,400 11,222
<br />Total Revenue $1,546,197 $22,679 $33,465 $41,585 $76,821 $67,026 ( 11,641) (19,829) $224,260 $122,029 $116,371
<br />Expenses
<br />Transfer out per Ehlers for non -increment funds
<br />Wetland analysis
<br />Administrative Expenses
<br />Total Expense
<br />AVAILABLE REVENUES
<br />(14,740)
<br />(10,021) (1,569) (987) (1,230) (946) (1,011) (893) (1,004) (953) (2,090) (2,090)
<br />($10,021) ($1,569) ($987) ($1,230) ($946) ($1,011) ($893) ($15,744) ($953) ($2,090) ($2,090)
<br />$1,536,177 $21,110 $32,478 $40,355 $75,875 $66,015 ($12,534) ($35,572) $223,307 $119,939 $114,281
<br />CIP Project Costs:
<br />TIF amendment recorded incorrectly in prior years
<br />Transfer to Pavement Mgmt Fund for Flintwood Hills Recon (TIF Dev District) -$1,015,920 Proj Est 2025-2034 CIP
<br />Transfer to Pavement Mgmt Fund for Riverside West Recon (TIF Dev District) -$199,665 Proj Est 2025-2034 CIP
<br />Transfer to Pavement Mgmt Fund for Windemere Woods (TIF Dev District) -$658,685 Proj Est 2025-2034 CIP
<br />RAIL Stop -net of (contingency-$889,517) (Did not need internal loan
<br />received tax funds prior to payment)Final payment 3/19
<br />Center Street (See TIF 1) (See Bolton & Menk est 11-23
<br />Ramsey Parkway Al (Bolton & Menk Est 11-23)
<br />Ramsey Parkway A2 (See Tif 14)
<br />Total CIP Project Costs -
<br />(Available Revenue less Total Project Costs) $1,536,177 $21,110
<br />29,155.12
<br />(297,983)
<br />(325,000)
<br />(950,000)
<br />(975,000)
<br />29,155 - (297,983)
<br />$61,633 $40,355
<br />($222,108) $66,015
<br />($12,534) ($35,572)
<br />$223,307
<br />(2,250,000)
<br />($2,130,061) $114,281
<br />Remaining TIF Balance/(Deficit) $5,066,708 $5,215,712 $5,277,345 $5,317,701 $5,095,593 $5,161,608 $5,149,074 $5,113,502 $5,336,808 $3,206,748 $3,321,028
<br />Internal Loans - F&C & TIF 14 Admin Expe
<br />CASH BALANCE AVAILABLE
<br />$ 2,824,477 $ 2,869,048 $ 2,869,048 $ 2,869,048 $ 2,869,048 $ 2,869,048 $ 2,869,048 $ 2,869,048 $ 2,737,310 $ 2,600,302 $ 2,456,814
<br />$2,242,231 $2,346,664 $2,408,298 $2,448,653 $2,226,545 $2,292,560 $2,280,026 $2,244,454 $2,599,498 $606,445 $864,214
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