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TIF Projections District #4-Front Street
<br />Projected Revenue
<br />FOR TIF IV
<br />District I (2014)
<br />Balance
<br />Revenues
<br />TIF Increments
<br />Auction Proceeds -Oasis
<br />Transfer of Int earnings prior to 1997 to HRA
<br />Interest Earnings
<br />Actual Actual
<br />2009 2010
<br />858,342
<br />535,185
<br />36,234
<br />Total Revenue 571,419 507,539
<br />Less:
<br />GB Properties (25,000)
<br />Riverview Community Bank (Premier Land Reim) (30,573) (30,573) (30,573) (14,849)
<br />Administrative Expenses (24,982) (31,847) (11,726) (13,841) (11,347) (9,617) (10,000)
<br />Decertifies
<br />Actual Actual Actual Projected Projected
<br />2011 2012 2013 2014 2015>
<br />1,349,205 321,844 420,373 304,499 335,164 164,083
<br />483,351 443,706 387,854 333,195 318,078
<br />2,029
<br />(52,367)
<br />24,187 9,106 6,137 (6,749) 5,027 2,461
<br />402,474 393,991 326,446 323,106 2,461
<br />Total Expense (80,555) (62,420) (42,299) (13,841) (11,347) (24,465) (10,000)
<br />CIP Project Costs:
<br />Oasis Market (1,078,195) (11,645)
<br />US Bank Road Easement (89,630)
<br />Zeolite
<br />Street Recon-Annual Road Improvements-Sunwood Drive (304,655) (250,000) (275,000) (275,000) (275,000)
<br />Riverdale Drive Ext Traprock-Armstrong(Road Funding?) (194,721) (155,279)
<br />Garnet Recon???
<br />Alpine Drive Road Improvement (South of Alpine Drive in DD1) (221,024) (9,434)
<br />Total CIP Project Costs - (1,472,480) (261,645) (496,024) (284,434) (469,721) (155,279)
<br />Remaining TIF Balance 1,349,205 321,844 420,373 304,499 335,164 164,083 1,266
<br />(Total Revenue less Total Project Costs
<br />Note: 100% of Prin & interest paid thru TIF
<br />Page 209
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