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TIF Projections District #8
<br />Maken
<br />Projected Revenue
<br />Projected Projected Projected Projected Projected Projected Projected Projected
<br />FOR TIF VIII 2021 2022 2023 2024 2025 2026 2027 2028
<br />District VIII (2028)
<br />Balance 542,234 774,469 1,026,086 1,281,477 1,540,699 1,803,809 2,070,867 2,341,930
<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 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 8,133.51 11,617.03 15,391.28 19,222.15 23,110.48 27,057.14 31,063.00 35,128.94
<br />Total Revenue 258,134 261,617 265,391 269,222 273,110 277,057 281,063 285,129
<br />Less:
<br />Principal on 920,000 GOTI Bond (Fund 330141st&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
<br />Interest on 1,680,000 GO Taxable(Fund 329 Maken Land
<br />Interfund Loan Prn from 2002
<br />Interfund Loan Int (4%)
<br />Clean up Cullinan Site
<br />W Properties (Land Reimbursement)
<br />Lundeen Holdings (Phase II Reimbursement)
<br />Administrative Expenses
<br />Total Expense
<br />CIP Project Costs:
<br />Total CIP Project Costs
<br />Remaining TIF Balance
<br />(Total Revenue less Total Project Costs
<br />(15,899)
<br />(10,000) (10,000)
<br />(10,000) (10,000)
<br />(10,000) (10,000)
<br />(10,000) (22,103)
<br />(25,899) (10,000)
<br />(10,000) (10,000)
<br />(10,000) (10,000)
<br />(10,000) (22,103)
<br />774,469 1,026,086 1,281,477 1,540,699 1,803,809 2,070,867 2,341,930 2,604,956
<br />Note: Will need to pool increment from TIF 2 to pay off b
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