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TIF Projections District #2 - Gateway
<br />(2013)
<br />Tif Plan budget amended 12-11
<br />Actual Actual Actual Actual
<br />2009 2010 2011 2012
<br />Tif Plan Budget Amended 11-13
<br />Actual
<br />2013
<br />Revenues
<br />TIF Increments on agreements $ 1,713,092 $ 1,778,780 $ 1,823,891 $ 1,713,507 $ 1,557,425
<br />Transfer of Int earnings prior to 1997 to HRA (41,387)
<br />Easement funds for Business Park 95 10,454
<br />Transfer in for F&C Transfer done in previous years -set up as DU E to FROM 217,422
<br />Interest Earnings(2000 neg int adj for borrowing) 80,303.68 122,918.08 111,750.72 68,211.43 (21,681.33) 33,633 33,335
<br />Total Revenue $1,793,395 $1,901,698 $1,894,255 $1,999,140 $1,546,197 $33,633 $33,335
<br />Projected Projected
<br />2014 2015>
<br />0 0
<br />Expenses
<br />Sauter Land Purchase Bond Int (Fund 329 $1,680,000 Bond-18% of bond) (7,152) (3,993) (608)
<br />Sauter Land Purchase Bond Prin (Fund 329 $1,680,000 Bond-18% of bond) (48,600) (51,300) (9,000)
<br />Parabody Pay-Go(site impr) (20,264) (20,264) (20,264) (20,264)
<br />*** Well #5-Bond Prin (Fund 328 $1,695,000 bond) (450,000)
<br />Well #5 Bond Int (Fund 328 $1,695,000 Bond) (12,038)
<br />Bond Interest (Fund 323/335 $2,600,000 Bond) (10,468) (3,644)
<br />Bond Principal (Fund 323/335 $2,600,000 Bond) (265,000) (265,000)
<br />Sharp Reimbursement -Sunfish Gateway (46,875) (46,875) (46,875)
<br />Debt Service from TIF 8 (84,577) (52,385)
<br />Administrative Expenses (35,133) (13,960) (18,438) (22,511) (10,021) (3,241) (4,000)
<br />Total Expense ($980,107) ($457,422) ($95,184) ($42,775) ($10,021) (3,241) (4,000)
<br />AVAILABLE REVENUES
<br />$813,288 $1,444,276 $1,799,071
<br />$1,956,365 $1,536,177
<br />CIP Project Costs:
<br />Command/National Growth -Minks Property (25,000j (25,000) (25,000)
<br />142nd Court Street Improvements (B&A Cyl) (325,000)
<br />Internal Loan from TIF 14 for Admin Fees F&C project (89,069) (126,701)
<br />Parking Ramp Costs (66,363)
<br />Sunwood Drive (Use of Excess Funding from Rail Stop See Below) (500,000)
<br />RAIL Stop -net of (contingency-$839,000) per Tim Yantos 2-4-14 (Did not need internal loan received tax funds prior to payment (2,700,436)
<br />Zeolite Street Constr
<br />Pond Reim -Tag Machine (19,360)
<br />County Road #116 (#47 toDysprosium) (450,000)
<br />Sunwood Drive Realignment (500,000)
<br />County Road #116 (Dysprosium to County#57) (58,225)
<br />Total CIP Project Costs (102,584) (114,069) (926,701) (3,766,799)
<br />(Available Revenue less Total Project Costs) $710,704 $1,330,207 $872,370 ($1,810,434) $1,536,177
<br />Remaining TIF Balance/(Deficit) $3,138,388 $4,468,595 $5,340,965 $3,530,531 $5,066,708
<br />$30,393 $29,335
<br />(450,564)
<br />(400,000)
<br />(41,775)
<br />(892,339)
<br />$30,393 ($863,004)
<br />$5,097,100 $4,234,097
<br />Internal Loans - F&C & TIF 14 Admin Expe $ (2,782,605) $ (2,824,477) $2,943,202 eligibl, $ (2,874,746) $ (2,874,746)
<br />Cash Balance not including delinquent tax rec $747,926 $2,242,231 $2,222,354 $1,359,351
<br />BALANCE NET OF INTERNAL LOANS FOR F&C & TIF 14
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