Attachment #1 - Planned Project Costs Type of Expenditure % Paid By Costs Allocated Amount Project Other to Project A. Captital Improvements & Streetscaping Gateway at Hwy 113 & Co Rd J and Hwy 113 & Hwy $75,000 75% 25% $56,250 2 Hwy 113 improvements & streetscaping $125,000 75% 25% $93,750 Total Infrastructure $200,000 75% 25% $150,000 B. Infrastructure Stormwater drainage along RR tracks $50,000 100% 0% $50,000 Stormwater drainage ditch adjacent to Dollar Genera $40,000 100% 0% $40,000 Water main replacement & extension to Spring Cree $85,000 100% 0% $85,000 Co Rd J water main loop connecting Development D $250,000 100% 0% $250,000 Sewer extension to Spring Creek Rd. $90,000 100% 0% $90,000 Sewer Lift Station near Hwy 113 & Co Rd J $300,000 50% 50% $150,000 Lift Station upgrades along Hwy 113 $75,000 50% 50% $37,500 Total Infrastructure $890,000 79% 21% $702,500 C. Site Development Costs Trailer Park site remediation & utility removal $30,000 100% 0% $30,000 Other site remediation and development $50,000 100% 0% $50,000 $80,000 100% 0% $80,000 D. Land Acquisition & Assembly Land Acquisition Assistance $50,000 100% 0% $50,000 $50,000 100% 0% $50,000 E. Development Incentives Redevelopment Assistance $100,000 100% 0% $100,000 $100,000 100% 0% $100,000 F. Professional Services Corridor Plan $25,000 100% 0% $25,000 $25,000 100% 0% $25,000 G. Administration Costs City Staff, Fees, Audits $15,000 100% 0% $15,000 Total Administration Costs $15,000 100% 0% $15,000 H. Organizational Costs Department of Revenue Submittal Fee $1,000 100% 0% $1,000 Professional Fees $15,000 100% 0% $15,000 City Staff & Publishing $4,000 100% 0% $4,000 Total Organization Costs $20,000 100% 0% $20,000 I. Inflation $262,059 100% 0% $262,059 Total Project Costs $1,642,059 86% 14% $1,404,559 J. Financing Costs Interest, Fin. Fees, Less Cap. Interest $718,806 Plus Capitalized Interest $13,809 Total Financing Costs $732,615 TOTAL TID EXPENDITURE $2,137,174
Attachment #2 - Financing Summary Loan #1 Loan #2 Loan #3 TID Activities 4/1/2015 1/1/2019 1/1/2022 Total A. Capital Costs $75,000 $75,000 $150,000 B. Infrastructure $175,000 $327,500 $200,000 $702,500 C. Site Development Costs $30,000 $25,000 $25,000 $80,000 D. Land Acquisition & Assembly $50,000 $50,000 E. Development Incentives $50,000 $50,000 $100,000 F. Professional Services $25,000 $25,000 G. Discretionary Payments H. Administration Costs $5,000 $5,000 $5,000 $15,000 I. Organizational Costs $20,000 $20,000 Subtotal $305,000 $482,500 $355,000 $1,142,500 Inflation Factor Cost Adj. @ 3% per year $110,914 $151,145 $262,059 Grants Reduction for Land Sale Revenue Total Cost For Borrowing $305,000 $593,414 $506,145 $1,404,559 Capitalized Interest $13,809 $13,809 Financing Fees (2%) $6,100 $11,868 $10,123 $28,091 Debt Reserve Subtotal $324,909 $605,282 $516,268 $1,446,459 Less Interest Earned BORROWING REQUIRED $324,909 $605,282 $516,268 $1,446,459
Principal: Interest Rate: Term (Years): # of Principal Payments: Date of Issue: Attachment #3a - Debt Service Plan Bond Issue $324,909 Project Cost: $305,000 4.25% Finance Fees: $6,100 20 Interest Earned: 19 Capitalized Interest: $13,809 4/1/2015 Total TID Cost of Loan: $466,251 Principal Unpaid Principal Interest Total Year Payment # Principal Payment Payment Payment Apply Surplus to Principal 2015 0 2016 0 $324,909 2017 1 $324,909 $11,458 $13,809 $25,266 2018 2 $313,451 $11,945 $13,322 $25,266 2019 3 $301,506 $12,452 $12,814 $25,266 2020 4 $289,054 $12,981 $12,285 $25,266 2021 5 $276,073 $13,533 $11,733 $25,266 2022 6 $262,539 $14,108 $11,158 $25,266 2023 7 $248,431 $14,708 $10,558 $25,266 2024 8 $233,723 $15,333 $9,933 $25,266 2025 9 $218,390 $15,985 $9,282 $25,266 2026 10 $202,405 $16,664 $8,602 $25,266 2027 11 $185,741 $17,372 $7,894 $25,266 2028 12 $168,369 $18,111 $7,156 $25,266 2029 13 $150,258 $18,880 $6,386 $25,266 2030 14 $131,378 $19,683 $5,584 $25,266 2031 15 $111,695 $20,519 $4,747 $25,266 2032 16 $91,176 $21,391 $3,875 $25,266 2033 17 $69,785 $22,300 $2,966 $25,266 2034 18 $47,484 $23,248 $2,018 $25,266 2035 19 $24,236 $24,236 $1,030 $25,266 2036 20 2037 21 2038 22 2039 23 2040 24 2041 25 2042 26 Total $324,909 $155,151 $480,059
Principal: Interest Rate*: Term (Years): # of Principal Payments: Date of Issue: Attachment #3b - Debt Service Plan Bond Issue $605,282 Project Cost: $593,414 4.25% Finance Fees: $11,868 20 Interest Earned: 19 Capitalized Interest: 1/1/2019 Total TID Cost of Loan: $894,318 Principal Unpaid Principal Interest Total Year Payment # Principal Payment Payment Payment Apply Surplus to Principal 2014 0 2015 0 2016 0 2017 0 2018 0 2019 0 $605,282 2020 1 $605,282 $21,345 $25,725 $47,069 2021 2 $583,938 $22,252 $24,817 $47,069 2022 3 $561,686 $23,198 $23,872 $47,069 2023 4 $538,488 $24,184 $22,886 $47,069 2024 5 $514,304 $25,211 $21,858 $47,069 2025 6 $489,093 $26,283 $20,786 $47,069 2026 7 $462,810 $27,400 $19,669 $47,069 2027 8 $435,410 $28,564 $18,505 $47,069 2028 9 $406,846 $29,778 $17,291 $47,069 2029 10 $377,067 $31,044 $16,025 $47,069 2030 11 $346,023 $32,363 $14,706 $47,069 2031 12 $313,660 $33,739 $13,331 $47,069 2032 13 $279,921 $35,173 $11,897 $47,069 2033 14 $244,748 $36,668 $10,402 $47,069 2034 15 $208,081 $38,226 $8,843 $47,069 2035 16 $169,855 $39,851 $7,219 $47,069 2036 17 $130,004 $41,544 $5,525 $47,069 2037 18 $88,460 $43,310 $3,760 $47,069 2038 19 $45,150 $45,150 $1,919 $47,069 2039 20 2040 0 2041 0 Total $605,282 $289,035 $894,318
Principal: Interest Rate*: Term (Years): # of Principal Payments: Date of Issue: Attachment #3c - Debt Service Plan Bond Issue $516,268 Project Cost: $506,145 4.25% Finance Fees: $10,123 20 Interest Earned: 19 Capitalized Interest: 1/1/2022 Total TID Cost of Loan: $762,797 Principal Unpaid Principal Interest Total Year Payment # Principal Payment Payment Payment Apply Surplus to Principal 2013 0 2014 0 2015 0 2016 0 2017 0 2018 0 2019 0 2020 0 2021 0 2022 0 $516,268 2023 1 $516,268 $18,206 $21,941 $40,147 2024 2 $498,062 $18,980 $21,168 $40,147 2025 3 $479,083 $19,786 $20,361 $40,147 2026 4 $459,296 $20,627 $19,520 $40,147 2027 5 $438,669 $21,504 $18,643 $40,147 2028 6 $417,166 $22,418 $17,730 $40,147 2029 7 $394,748 $23,370 $16,777 $40,147 2030 8 $371,377 $24,364 $15,784 $40,147 2031 9 $347,014 $25,399 $14,748 $40,147 2032 10 $321,615 $26,479 $13,669 $40,147 2033 11 $295,136 $27,604 $12,543 $40,147 2034 12 $267,532 $28,777 $11,370 $40,147 2035 13 $238,755 $30,000 $10,147 $40,147 2036 14 $208,755 $31,275 $8,872 $40,147 2037 15 $177,480 $32,604 $7,543 $40,147 2038 16 $144,876 $33,990 $6,157 $40,147 2039 17 $110,886 $35,435 $4,713 $40,147 2040 18 $75,451 $36,941 $3,207 $40,147 2041 19 $38,511 $38,511 $1,637 $40,147 2042 20 Total $516,268 $246,529 $762,797
Attachment #4 - Tax Increment ProForma Base Value Tax Rate Property Appreciation Rate Annual Change in Tax Rate Construction Inflation Rate $12,921,291 0.02394 1.00% 1.00% 3.00% Assumptions Equalized For County, Village, Technical College, and School District For Existing Construction For New Construction After 2015 Previous Inflation TIF Increment Total Cumulative TIF Tax TIF Year Valuation Increment Construction Land Valuation Increment Rate* Revenue 2015 $12,686,500 $600,000 $13,286,500 $600,000 0.02394 2016 $13,286,500 $132,865 $250,000 $13,669,365 $982,865 0.02418 2017 $13,669,365 $136,694 $13,806,059 $1,119,559 0.02442 $14,508 2018 $13,806,059 $138,061 $13,944,119 $1,257,619 0.02467 $24,003 2019 $13,944,119 $139,441 $250,000 $14,333,560 $1,647,060 0.02491 $27,615 2020 $14,333,560 $143,336 $14,476,896 $1,790,396 0.02516 $31,331 2021 $14,476,896 $144,769 $14,621,665 $1,935,165 0.02541 $41,443 2022 $14,621,665 $146,217 $250,000 $15,017,882 $2,331,382 0.02567 $45,500 2023 $15,017,882 $150,179 $15,168,060 $2,481,560 0.02592 $49,671 2024 $15,168,060 $151,681 $15,319,741 $2,633,241 0.02618 $60,439 2025 $15,319,741 $153,197 $1,000,000 $16,472,938 $3,786,438 0.02645 $64,976 2026 $16,472,938 $164,729 $16,637,668 $3,951,168 0.02671 $69,637 2027 $16,637,668 $166,377 $16,804,045 $4,117,545 0.02698 $101,134 2028 $16,804,045 $168,040 $16,972,085 $4,285,585 0.02725 $106,590 2029 $16,972,085 $169,721 $17,141,806 $4,455,306 0.02752 $112,189 2030 $17,141,806 $171,418 $17,313,224 $4,626,724 0.02779 $117,935 2031 $17,313,224 $173,132 $17,486,356 $4,799,856 0.02807 $123,831 2032 $17,486,356 $174,864 $17,661,220 $4,974,720 0.02835 $129,882 2033 $17,661,220 $176,612 $17,837,832 $5,151,332 0.02864 $136,089 2034 $17,837,832 $178,378 $18,016,210 $5,329,710 0.02892 $142,458 2035 $18,016,210 $180,162 $18,196,372 $5,509,872 0.02921 $148,990 2036 $18,196,372 $181,964 $18,378,336 $5,691,836 0.02950 $155,691 2037 $18,378,336 $183,783 $18,562,119 $5,875,619 0.02980 $162,564 2038 $18,562,119 $185,621 $18,747,741 $6,061,241 0.03010 $169,611 2039 $18,747,741 $187,477 $18,935,218 $6,248,718 0.03040 $176,839 2040 $18,935,218 $189,352 $19,124,570 $6,438,070 0.03070 $184,250 2041 $19,124,570 $191,246 $19,315,816 $6,629,316 0.03101 $191,848 2042 $19,315,816 $193,158 $19,508,974 $6,822,474 0.03132 $199,638 Total $4,472,474 $2,350,000 $2,788,661
Attachment #5 - Tax Increment Cash Flow Revenues Expenses TID #3 Capital Annual Beginning Interest & TIF Interest Surplus Total Debt Other Surplus Year Balance Debt Reserve Revenues Income Revenue Revenues Service Expenses (Deficit) 2015 0 0 0 0 0 0 0 0 0 0 2016 0 0 0 0 0 0 0 0 0 0 2017 0 13,809 14,508 0 0 28,317 25,266 0 3,050 3,050 2018 3,050 0 24,003 15 23,918 47,936 25,266 8,250 14,420 17,470 2019 17,470 0 27,615 87 24,683 52,385 25,266 8,250 18,869 36,339 2020 36,339 0 31,331 182 25,471 56,983 25,266 8,250 23,467 59,806 2021 59,806 0 41,443 299 26,285 68,027 72,336 8,250 (12,559) 47,248 2022 47,248 0 45,500 236 27,124 72,860 72,336 8,250 (7,726) 39,522 2023 39,522 0 49,671 198 27,989 77,857 72,336 8,250 (2,728) 36,794 2024 36,794 0 60,439 184 28,881 89,504 72,336 8,250 8,918 45,712 2025 45,712 0 64,976 229 29,801 95,005 112,483 8,250 (25,728) 19,984 2026 19,984 0 69,637 100 30,750 100,486 112,483 8,250 (20,246) (262) 2027 (262) 0 101,134 0 31,729 132,863 112,483 8,250 12,131 11,868 2028 11,868 0 106,590 59 32,738 139,387 112,483 8,250 18,654 30,522 2029 30,522 0 112,189 153 33,778 146,119 112,483 8,250 25,386 55,909 2030 55,909 0 117,935 280 34,851 153,065 112,483 8,250 32,333 88,241 2031 88,241 0 123,831 441 35,958 160,231 112,483 8,250 39,498 127,739 2032 127,739 0 129,882 639 37,099 167,619 112,483 8,250 46,887 174,626 2033 174,626 0 136,089 873 0 136,963 112,483 8,250 16,230 190,856 2034 190,856 0 142,458 954 0 143,412 112,483 8,250 22,679 213,535 2035 213,535 0 148,990 1,068 0 150,058 112,483 8,250 29,325 242,860 2036 242,860 0 155,691 10,322 0 166,013 87,217 8,250 70,546 313,406 2037 313,406 0 162,564 13,320 0 175,883 87,217 8,250 80,417 393,823 2038 393,823 0 169,611 16,737 0 186,349 87,217 0 99,132 492,955 2039 492,955 0 176,839 20,951 0 197,790 87,217 0 110,573 603,528 2040 603,528 0 184,250 25,650 0 209,900 40,147 0 169,753 773,281 2041 773,281 0 191,848 32,864 0 224,713 40,147 0 184,566 957,846 2042 957,846 0 199,638 40,708 0 240,347 0 0 240,347 1,198,193 Total 13,809 2,788,661 166,548 451,055 3,420,073 2,056,879 165,000 Balance After Surplus to Principal Other Expenses include: Site Development,Professional Services, Discretionary Spending, Administration Costs, and Organizational Costs. 0.50% = Assumed Investment Rate For Interest Income
Attachment #6 - Analysis of Impact on Overlying Jurisdictions Over Maximum Life of TID Taxing Jurisdiction % of Mill Rate by Jurisdiction Annual Taxes Collected on Base Value Distributed to Taxing Jurisdictions Total Taxes Captured by TID Not Distributed to Jurisdictions Annual Taxes Collected After TID Increase in Annual Tax Collections After TID School District 75.0% $231,871 $2,090,274 $467,191 $235,320 Tech. College 2.1% $6,421 $57,884 $12,937 $6,516 County 8.9% $27,456 $247,511 $55,320 $27,864 Local 14.1% $43,594 $392,992 $87,836 $44,242 Total 100.0% $309,342 $2,788,661 $623,285 $313,944