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TIF Projections District #8
<br />Maken
<br />Projected Revenue
<br />Actual Actual Actual Actual Actual Projected Projected Projected Projected Projected Projected Projected
<br />FOR TIF VIII 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
<br />District VIII (2028)
<br />Balance 6,713 8,912 8,233 1,916 90,789 142,818 101,839 327,468 556,480 788,928 88,011 313,433
<br />DECERTIFY After 2019 Debt over & positive Bal
<br />Revenues
<br />Land Proceeds -Lundeen
<br />Land Proceeds-W Properties
<br />Land Proceeds-Cullinan
<br />Relocation Fees
<br />Tax Increment 267,591 297,177 363,501 360,779 297,781 292,875 250,000 250,000 250,000 250,000 250,000 250,000
<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 (2,820.19) 2,142.27 1,527.59 4,912.02 8,347.20 11,833.92 1,320.17 4,701.49
<br />Total Revenue
<br />353,316 351,584 365,086 361,661 294,961 295,017 251,528 254,912 258,347 261,834 251,320 254,701
<br />Less:
<br />Principal on 920,000 GOTI Bond (Fund 330141st&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) (20,495) (12,000)
<br />Principal on 1,680,000 GO Taxable(Fund 329 Maken Land (221,400) (233,700) (41,000)
<br />Interest on 1,680,000 GO Taxable(Fund 329 Maken Land (42,238) (18,192) (2,768)
<br />Interfund Loan Prn from 2002 (500,000)
<br />Interfund Loan Int (4%) (436,851)
<br />Clean up Cullinan Site (17,454)
<br />W Properties (Land Reimbursement) (15,899) (15,899) (15,899) (15,900) (15,899) (15,899) (15,899) (15,900) (15,899) (15,900) (15,899) (15,900)
<br />Lundeen Holdings (Phase II Reimbursement) (40,000) (45,000) (17,337)
<br />Administrative Expenses (21,190) (2,423) (4,873) (11,552) (6,537) (8,097) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000)
<br />Total Expense
<br />CIP Project Costs:
<br />Total CIP Project Costs
<br />Remaining TIF Balance
<br />(Total Revenue less Total Project Costs
<br />(351,117) (352,263)
<br />(371,402) (272,789)
<br />(242,931) (335,996)
<br />(25,899) (25,900)
<br />(25,899) (962,751)
<br />(25,899) (25,900)
<br />8,912 8,233
<br />1,916 90,789
<br />142,818 101,839
<br />327,468 556,480
<br />788,928 88,011
<br />313,433 542,234
<br />Note: Will need to pool increment from TIF 2 to pay off bonds
<br />Page 211
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