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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 />686,769
<br />921,170 110,756
<br />336,517 565,666
<br />814,151 1,066, 363
<br />1,322,358 1,582,194
<br />1,845,927 2,113,616
<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 10,301.53 13,817.56 1,661.33 5,047.75 8,484.98 12,212.26 15,995.44 19,835.38 23,732.91 27,688.90 31,704.23
<br />Total Revenue
<br />260,302 263,818 251,661 255,048 258,485 262,212 265,995 269,835 273,733 277,689 281,704
<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 & RJM
<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 (25,900) (1,074,232) (25,900) (25,899) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (22,103)
<br />CIP Project Costs:
<br />Total CIP Project Costs
<br />Remaining TIF Balance 921,170
<br />(Total Revenue less Total Project Costs
<br />110,756 336,517
<br />565,666 814,151
<br />1,066,363 1,322,358
<br />1,582,194 1,845,927
<br />2,113,616 2,373,217
<br />Note: Will need to pool increment from TIF 2 to pay off bonds
<br />Page 321
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