|
TIF Projections District #14-COR (2015-2040)
<br />Projected Revenue
<br />FOR TIF XIV
<br />District 14
<br />Balance
<br />Actual Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected
<br />2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
<br />(24,765,270) (24,708,315) (24,487,347) (24,387,656) (24,284,268) (24,181,169) (24,513,393) (24,818,700) (25,124,642) (25,929,960) (26,738,369) (27,543,362)
<br />Revenues
<br />TIF Increments-F&C 1,398,272 2,121,914 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
<br />Bond Proceeds - 2023 Issue 7,000,270
<br />Int on Bond Proceeds 19,288
<br />Grant Funds County ARPA-Develop Roads in COR 45,000
<br />Developer Contribution from Waterfront For Parkway Constr 256,600
<br />Interfund Loan TIF 1 COR Roads 1,134,000
<br />Interfund Loan TIF 2 CO Roads 1,925,000
<br />Other TIF Increments (Alina VA)
<br />TIF Increments PSD Apartments(2018-2040)
<br />TIF Increments - Commonbond (2016-2040)
<br />Interest Earnings 65,086 23,697 25,906 26,903 27,937 28,968 25,646 22,593 19,533 11,480 3,396 (4,654)
<br />Total Revenue 8,463,628 5,525,499 2,025,906 2,026,903 2,027,937 2,028,968 2,025,646 2,022,593 2,019,533 2,011,480 2,003,396 1,995,346
<br />Expenditures
<br />F&CTIF ($3M) (361,998) (447,532) (492,809) (492,809) (492,809) (29,078) - - - - -
<br />COR Land Pay Back (200,000) (200,000) (200,000) (200,000) (200,000) (500,000) (500,000) (500,000) (1,000,000) (1,000,000) (1,000,000) (300,000)
<br />Pay Back Prior 2010 Expenses for COR Area (400,000) (400,000) (400,000) (400,000) (400,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000)
<br />Int On prior years interfund loans (114,762) (109,492) (104,012) (98,313) (92,385) (86,220) (79,809) (73,142) (66,207) (58,996) (51,495) (43,695)
<br />Affinity (2020-2040) (257,258) (188,356)
<br />Debt Service 2023 Bond Issue (646,010) (644,394) (642,394) (644,644) (645,894) (646,144) (645,394) (643,644) (645,894) (641,894) (646,894)
<br />Admin Expenses $500,000 Interfund Loan Dec 2010 & Fund 9468 (81,920) (85,000) (85,000) (90,000) (95,000) (100,000) (105,000) (110,000) (115,000) (115,000) (115,000) (115,000)
<br />Total Expenditures (1,415,938) (2,076,391) (1,926,215) (1,923,515) (1,924,838) (2,361,192) (2,330,953) (2,328,535) (2,824,851) (2,819,889) (2,808,389) (2,105,589)
<br />CIP Project Costs:
<br />Improvements Sunwood Drive in the COR
<br />116/Sunfish improvements(agreement with County) (23,780)
<br />COR Tree Removal (331,278)
<br />Hy-10/Ferret St Recon/Mass Grading/Bolton & Menk Services On projec (6,635,677)
<br />Ramsey Roads (Zeolite, Parkway, Center) (3,228,140)
<br />Total OP Project Costs (6,990,735) (3,228,140)
<br />Remaining TIF Balance -Fund Balance (24,708,315) (24,487,347) (24,387,656) (24,284,268) (24,181,169) (24,513,393) (24,818,700) (25,124,642) (25,929,960) (26,738,369) (27,543,362) (27,653,605)
<br />Remaining TIF Balance - Cash Balance
<br />TIF 14
<br />2,369,676 2,590,644 2,690,335 2,793,723 2,896,822 2,564,598 2,259,291 1,953,349 1,148,031 339,622 (465,371) (110,243)
<br />314
<br />
|