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ti
<br />TIF District Analysis
<br />= Actual Values
<br />= Cells that can be modified
<br />Res AV %
<br />Comm AV %
<br />Assumptions:
<br />Organic Value Growth 2%
<br />Mill Levy
<br />Includ
<br />84.450 84.450 85.187 85.187 85.187 85.187 85.187 85.187 85.187 85.187 85.187 85.187 85.187 85.187
<br />Tax Year as of January 1
<br />Year Tax paid
<br />Assessed Value Base
<br />Assessed Value Total
<br />y + DELO Res
<br />y + DELO Comm
<br />y + DELO Phase 2 Res
<br />y + DELO Phase 2 Comm
<br />2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
<br />2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
<br />28,724,674 29,466,021 28,853,950 28,419,543 28,987,934 29,567,693 30,159,046 30,762,227 31,377,472 32,005,021 32,645,122 33,298,024 33,963,985 34,643,264
<br />29,413,479 30,235,128 31,139,814 32,983,771 33,643,446 36,184,719 41,239,682 47,095,289 50,491,310 52,471,941 53,846,148 55,247,839 56,352,796 57,479,852
<br />2,208,900 2,507,400 1,353,200
<br />438,480 1,057,050
<br />y + Safeway 1,513,368
<br />y + Arnold 254,362 420,480 344,355 243,330
<br />y + North End Res 318,400 557,200 947,240 708,440 708,440 318,400 318,400
<br />y + North End Comm
<br />y + TEBO 787,400
<br />Total Assessed Value plus Projects
<br />Total TIF Assessed Value
<br />TIF Revenue
<br />Prior Year Fund Balance
<br />29,413,479 30,235,128 31,139,814 32,983,771 35,475,214 40,431,061 46,171,852 49,501,284 51,443,080 52,790,341 54,164,548 55,247,839 56,352,796 57,479,852
<br />688,805 769,107 2,285,864 4,564,228 6,487,281 10,863,368 16,012,806 18,739,057 20,065,608 20,785,320 21,519,426 21,949,815 22,388,811 22,836,587
<br />58,170 64,951 194,726 388,813 552,632 925,418 1,364,083 1,596,324 1,709,329 1,770,639 1,833,175 1,869,839 1,907,236 1,945,380
<br />157,759
<br />47.85% 16.50% 10.80% 7.83% 4.81% 3.36% 2.96% 2.85% 2.83% 2.82% 2.85%
<br />Expenditure Assumptions
<br />% Growth of Admin Costs
<br />% payback to City for Underpass
<br />Underpass contribution
<br />Underpass Interest
<br />County Payment %
<br />3%
<br />25%
<br />$ 1,300,000
<br />0.650%
<br />7.15%
<br />2.87% 2.90%
<br />Expenditures
<br />Professional Services - Investment Fees 20 20 30 50 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 32,130 42,000 43,260 44,558 45,895 47,271 48,690 50,150 51,655 53,204 54,800 56,444
<br />Admin & Ops - Prior LRC Liability 32,630 32,460 3,770
<br />Bond Maintenance Fees 1,500
<br />Core Project Area Bond Repayment 214,087 464,566 544,253 545,174 545,306 734,899 734,674 734,446 734,216
<br />Tract One Rebate* 125,000 130,000 125,000
<br />Regional Detention Facility Capital Contribution 325,000
<br />County Payment 27,800 39,513 66,167 97,532 114,137 122,217 126,601 131,072 133,693 136,367 139,095
<br />Underpass Commitment 45,000 65,000 75,000 305,164 358,729 384,606 98,332
<br />Total Expenditures 63,770 63,560 35,930 441,350 272,793 529,833 1,038,176 1,064,411 1,100,706 820,409 917,646 921,592 925,634 929,776
<br />Yearly Revenue Exceeding Expenditures (52,537) 279,839 395,585 325,907 531,913 608,623 950,230 915,529 948,247 981,602 1,015,605
<br />Ending Fund Balance (5,600) 1,391 158,796 105,222 279,839 395,585 325,907 531,913 608,623 950,230 915,529 948,247 981,602 1,015,605
<br />Underpass Interest
<br />Balance of Underpass Contribution
<br />8,158 7,788 7,351 5,415 3,119
<br />$ 1,300,000 $ 1,255,000 $ 1,198,158 $ 1,130,946 $ 833,133 $ 479,819 $ 98,332 $ $ $ $ $
<br />Total to Underpass by Year 45,000
<br />110,000 185,000
<br />*Assumes Safeway increment is received in the Year budgeted (may be different than specified in TIF Rebate Agreement)
<br />29
<br />490,164 848,893
<br />1,233,499 1,331,831
<br />1,331,831 1,331,831
<br />1,331,831 1,331,831
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