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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 84.450
<br />Tax Year as of January 1 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
<br />Year Tax paid 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
<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 36,637,293
<br />Assessed Value Total 29,413,479 30,235,128 30,839,831 31,456,627 32,085,760 35,588,856 38,089,204 39,118,921 40,169,233 41,358,280 42,571,108 43,808,192 44,927,932
<br />+ DELO Phase 1 Res 716,400 955,200 -
<br />+ DELO Phase 1 Comm - 261,000
<br />+ DELO Phase 2 Res
<br />+ DELO Phase 2 Comm
<br />+ Safeway 1,551,576
<br />+ Arnold
<br />+ North End Res 537,300 537,300 262,680 262,680 378,100 378,100 378,100 238,800 238,800
<br />+ North End Comm
<br />+TEBO
<br />Total Assessed Value plus Projects 29,413,479 30,235,128 30,839,831 31,456,627 34,891,036 37,342,356 38,351,884 39,381,601 40,541,333 41,736,380 42,949,208 44,046,992 45,166,132
<br />Total TIF Assessed Value
<br />TIF Revenue
<br />688,805 169,107 184,489 800,179 3,621,459 5,447,388 5,819,015 6,198,076 6,700,137 7,212,240 1,134,585 8,128,016 8,529,438
<br />58,170 64,951 66,250 67,575 305,832 460,032 491,416 523,427 565,827 609,074 653,186 686,416 720,311
<br />Expenditure Assumptions
<br />%Growth of Admin Costs 3%
<br />% payback to City for Underpass 25%
<br />County Payment °% 1.15%
<br />Expenditures
<br />Professional Services - Investment Fees 20 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 32,973 33,962 34,981 36,030 37,111 38,224 39,371 40,552 41,769 43,022
<br />Admin & Ops - Prior LRC Liability 32,630 32,460
<br />County Payment 4,832 21,867 32,892 35,136 37,425 40,457 43,549 46,703 49,079 51,502
<br />Underpass Commitment 45,000 65,000 15,000 105,062 112,223 121,786 131,538 141,483 148,892 156,441
<br />Total Expenditures 63,770 63,560 32,032 82,824 120,849 142,893 176,249 186,779 200,487 214,478 228,758 239,760 250,991
<br />Remaining TIF for Projects (5,600) 1,391 34,218 (15,249) 184,983 317,139 315,167 336,648 365,339 394,595 424,428 446,656 469,320
<br />Interest Rate 4% $5,396,279.44
<br />Total to Underpass by Year 45,000 110,000 185,000 290,062 402,285 524,072 655,610 191,093 945,985 1,102,431
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