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TIF Projections District #8
<br />Maken
<br />Projected Revenue
<br />Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected
<br />FOR TIF VIII 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
<br />District VIII (2028)
<br />Balance
<br />DECERTIFY IN 2015 Debt over & positive Bal
<br />690,836
<br />925,298 114,945
<br />340,770 569,982
<br />818,532 1,070,810
<br />1,326,872 1,586,775
<br />1,850,577 2,118,335
<br />Revenues
<br />Land Proceeds -Lundeen
<br />Land Proceeds-W Properties
<br />Land Proceeds-Cullinan
<br />Relocation Fees
<br />Tax Increment 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000
<br />Transfer from TIF 2 to pay 20-40% bonded debt
<br />Interfund Loan from PIR
<br />Interest Earnings 10,362.54 13,879.47 1,724.18 5,111.54 8,549.73 12,277.98 16,062.15 19,903.08 23,801.63 27,758.65 31,775.03
<br />Total Revenue 260,363
<br />263,879 251,724
<br />255,112 258,550
<br />262,278 266,062
<br />269,903 273,802
<br />277,759 281,775
<br />Less:
<br />Principal on 920,000 GOTI Bond (Fund 330 141st&143rd)
<br />Int on 920,000 GOTI Bond(fund 330-141st &143rd Ave)
<br />Principal on 1,680,000 GO Taxable(Fund 329 Maken Land bond -82%)
<br />Interest on 1,680,000 GO Taxable(Fund 329 Maken Land Bond -82%)
<br />S&W Trunk -Sauter & R1M
<br />Interfund Loan Prn (500,000)
<br />Interfund Loan Int (548,333)
<br />Clean up Cullinan Site
<br />W Properties (Land Reimbursement) (15,900) (15,899) (15,900) (15,899)
<br />Lundeen Holdings (Phase II Reimbursement)
<br />Administrative Expenses (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (22,103)
<br />Total Expense
<br />CIP Project Costs:
<br />Total CIP Project Costs
<br />(25,900)
<br />(1,074,232) (25,900)
<br />(25,899) (10,000)
<br />(10,000) (10,000)
<br />(10,000) (10,000)
<br />(10,000) (22,103)
<br />Remaining TIF Balance 925,298 114,945 340,770 569,982 818,532 1,070,810 1,326,872 1,586,775 1,850,577 2,118,335 2,378,007
<br />(Total Revenue less Total Project Costs
<br />Note: Will need to pool increment from TIF 2 to pay off bonds
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