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G. \ADMIN \AARON\ LRC \Underpass IGA\20121011 TIE Revenue Analysis
<br />TIF District Analysis
<br />Assumptions:
<br />Organic Value Growth
<br />Mill Levy
<br />2%
<br />84.450 84.450 84.450 84.450 84.450 84.450 84.450 84.450 84.450 84.450 84.450 84.450
<br />Include in Analysis
<br />Tax Year as of January 1 2011 2012 2013 2014 2015 2016 2011 2018 2019 2020 2021 2022
<br />Year Tax paid 2012 2013 2014 2015 2016 2011 2018 2019 2020 2021 2022 2023
<br />Assessed Value Base 28,724,674 29,466,021 30,055,341 30,656,448 31,269,577 31,894,969 32,532,868 33,183,525 33,847,196 34,524,140 35,214,623 35,918,915
<br />Assessed Value Total 29,413,479 30,235,128 30,839,831 31,944,697 32,583,591 36,134,244 39,633,501 40,901,144 42,133,246 43,507,119 44,763,535 46,044,468
<br />y + Empire Storage Center 478,500
<br />y + DELO Phase 1 Res 116,400 955,200
<br />y + DELO Phase 1 Comm - 261,000
<br />y + DELO Phase 2 Res
<br />y + DELO Phase 2 Comm
<br />y + Safeway 1,551,576
<br />y + Arnold 36,862 202,980 202,980 143,280 143,280
<br />y + North End Res 537,300 537,300 262,680 262,680 378,100 378,100 378,100 238,800
<br />y + North End Comm
<br />y + TEBO - 165,650
<br />Total Assessed Value plus Projects 29,413,479 30,235,128 31,318,331 31,944,697 35,425,729 38,856,374 40,099,161 41,307,104 42,654,626 43,885,819 45,141,635 46,283,268
<br />Total TIF Assessed Value
<br />TIF Revenue
<br />688,805 169,107 1,262,989 1,288,249 4,156,152 6,961,405 7,566,293 8,123,579 8,807,430 9,361,679 9,927,013 10,364,353
<br />58,170 64,951 106,659 108,793 350,987 581,891 638,973 686,036 143,788 190,594 838,336 875,270
<br />Expenditure Assumptions
<br />° %Growth of Admin Costs 3°%
<br />% payback to City for Underpass 25%
<br />County Payment °% 7.15%
<br />Expenditures
<br />Professional Services - Investment Fees 20 20 20 20 20 20 20 20 20 20 20 20
<br />Professional Services -Other
<br />Admin & Ops - Current GF Labor Costs 31,120 31,080 32,012 32,913 33,962 34,981 36,030 37,111 38,224 39,371 40,552 41,769
<br />Admin & Ops - Prior LRC Liability 32,630 32,460
<br />County Payment 1,779 25,096 42,034 45,681 49,052 53,181 56,527 59,941 62,582
<br />Underpass Commitment 45,000 65,000 75,000 139,314 149,968 163,096 173,674 184,461 192,730
<br />Total Expenditures 63,770 63,560 32,032 85,771 124,078 152,035 221,051 236,151 254,521 269,592 284,974 297,100
<br />Remaining TIF for Projects (5,600) 1,391 14,627 23,021 226,910 435,856 417,922 449,885 489,267 521,001 553,362 578,169
<br />Interest Rate 1% $5,418,786,70
<br />Total to Underpass by Year 45,000 110,000 185,000 324,314 474,283 637,378 811,052 995,513 1,188,242
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