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TIF District Analysis 2019 01 31
<br />Res AV %7.20%
<br /> = Actual Values Comm AV %29%
<br />TOTAL
<br />Assumptions:
<br />Organic Value Growth 2%
<br />Mill Levy 87.560 87.560 87.560 87.560 87.560 87.560 87.560 87.560 87.560 87.560 87.560 87.560 87.560 87.560 87.560
<br />Tax Year as of January 1 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
<br />Year Tax paid 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
<br />Assessed Value Base 41,986,395 42,826,123 43,682,645 44,556,298 45,447,424 46,356,373 47,283,500 48,229,170 49,193,754 50,177,629 51,181,181 52,204,805 53,248,901 54,313,879 55,400,157
<br />Assessed Value Total 61,021,831 62,242,268 64,902,669 66,872,308 70,097,570 72,088,877 73,934,575 75,413,266 76,921,532 78,459,962 80,029,161 81,629,745 83,262,340 84,927,586 86,626,138
<br /> + DELO Res - 675,000 - - - - - - - - - - - - - 675,000
<br /> + DELO Comm - - - - - - - - - - - - - - - -
<br /> + DELO Lofts - - - 954,000 - - - - - - - - - - - 954,000
<br /> + Coal Creek Station - - 339,417 577,800 577,800 396,000 - - - - - - - - - 1,891,017
<br /> + North End Res - 712,800 - - - - - - - - - - - - - 712,800
<br /> + North End Comm - - 217,500 217,500 - - - - - - - - - - - 435,000
<br /> + TEBO - - 101,500 101,500 - - - - - - - - - - - 203,000
<br />Total Assessed Value plus Projects 61,021,831 63,630,068 65,561,086 68,723,108 70,675,370 72,484,877 73,934,575 75,413,266 76,921,532 78,459,962 80,029,161 81,629,745 83,262,340 84,927,586 86,626,138
<br />Total TIF Assessed Value 19,035,436 20,803,945 21,878,441 24,166,809 25,227,946 26,128,505 26,651,075 27,184,096 27,727,778 28,282,334 28,847,980 29,424,940 30,013,439 30,613,707 31,225,982
<br />TIF Revenue 1,666,743 1,821,593 1,915,676 2,116,046 2,208,959 2,287,812 2,333,568 2,380,239 2,427,844 2,476,401 2,525,929 2,576,448 2,627,977 2,680,536 2,734,147 37,445,671
<br />Prior Year Fund Balance
<br />Expenditure Assumptions
<br />% Growth of Admin Costs 3%3.60%3.39%3.32%3.10%3.06%3.04%3.07%3.10%3.13%3.16%3.19%3.22%3.26%3.29%3.32%
<br />% payback to City for Underpass 25%
<br />Underpass contribution 1,408,500$
<br />Underpass Interest 0.650%
<br />County Payment %7.15%
<br />Expenditures
<br />Professional Services - Investment Fees 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200
<br />Professional Services-Other - - - - - - - - - - - - - - -
<br />Admin & Ops - Current GF Labor Costs 60,000 61,800 63,654 65,564 67,531 69,556 71,643 73,792 76,006 78,286 80,635 83,054 85,546 88,112 90,755
<br />Payments out of Construction Fund - - - - - - - - - - - - - - 1
<br />Bond Maintenance Fees 7,150 7,150 7,150 7,150 7,150 7,150 7,150 7,150 7,150 7,150 7,150 7,150 7,150 7,150 -
<br />Core Area Bond Principal Payment 362,469 554,766 566,303 660,021 673,528 687,126 700,638 714,413 728,457 742,774 757,371 772,251 787,420 802,885
<br />Core Area Bond Interest Payment
<br />South Street Road Reconstruction
<br />County Payment 119,172 130,244 136,971 151,297 157,941 163,579 166,850 170,187 173,591 177,063 180,604 184,216 187,900 191,658 195,492
<br />Downtown Parking Feasibility Study
<br />Utility Undergrounding 170,000
<br />Downtown Street Pole Replacement 70,000 72,000 75,000 80,000
<br />Underpass Commitment 948,107 - - - - - - - - - - - - - -
<br />Total Expenditures 1,737,098 826,160 849,278 964,232 906,349 927,611 946,481 965,743 985,404 1,005,474 1,025,959 1,046,871 1,068,216 1,090,006 286,448 16,174,780
<br />-
<br />Yearly Revenue Exceeding Expenditures (70,356) 995,434 1,066,399 1,151,814 1,302,610 1,360,201 1,387,087 1,414,496 1,442,440 1,470,928 1,499,970 1,529,577 1,559,760 1,590,530 2,447,699 19,914,408
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<br />Agenda Packet P. 8
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