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TIF Projections District #8
<br />Maken
<br />Projected Revenue
<br />Actual Actual Actual Actual Projected Projected Projected Projected Projected
<br />FOR TIF VIII 2009 2010 2011 2012 2013 2014 2015 2016 2017
<br />District VIII (2028)
<br />Balance
<br />DECERTIFY IN 2015 Debt over & positive Bal
<br />6,713 8,912 8,233 1,916 90,789 92,751 4,143 228,306 455,830
<br />Revenues
<br />Land Proceeds -Lundeen
<br />Land Proceeds-W Properties
<br />Land Proceeds-Cullinan
<br />Relocation Fees
<br />Tax Increment 267,591 297,177 363,501 360,779 250,000 250,000 250,000 250,000 250,000
<br />Transfer from TIF 2 to pay 20-40% bonded debt 84,577 52,385
<br />Interfund Loan from PIR
<br />Interest Earnings 1,147.96 2,021.51 1,584.71 882.25 1,361.83 1,391.27 62.14 3,424.59 6,837.46
<br />Total Revenue
<br />353,316 351,584 365,086 361,661 251,362 251,391 250,062 253,425 256,837
<br />Less:
<br />Principal on 920,000 GOTI Bond (Fund 330 141st&143rd) (220,000) (200,000) (200,000) (300,000)
<br />Int on 920,000 GOTI Bond(fund 330-141st &143rd Ave) (32,936) (42,050) (41,863) (28,000) (23,500) (14,100)
<br />Principal on 1,680,000 GO Taxable(Fund 329 Maken Land bond -82%) (221,400) (233,700) (41,000)
<br />Interest on 1,680,000 GO Taxable(Fund 329 Maken Land Bond -82%) (42,238) (18,192) (2,768)
<br />S&W Trunk -Sauter & RJM
<br />Interfund Loan Prn
<br />Interfund Loan Int
<br />Clean up Cullinan Site (17,454)
<br />W Properties (Land Reimbursement) (15,899) (15,899) (15,899) (15,900) (15,899) (15,900) (15,899) (15,900) (15,899)
<br />Lundeen Holdings (Phase II Reimbursement) (40,000) (45,000) (17,337)
<br />Administrative Expenses (21,190) (2,423) (4,873) (11,552) (10,000) (10,000) (10,000) (10,000) (10,000)
<br />Total Expense (351,117) (352,263) (371,402) (272,789) (249,399) (340,000) (25,899) (25,900) (25,899)
<br />CIP Project Costs:
<br />Total CIP Project Costs
<br />Remaining TIF Balance 8,912 8,233 1,916 90,789 92,751 4,143 228,306 455,830 686,769
<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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