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03-29-2012 Council Agenda
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03-29-2012 Council Agenda
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3/26/2012 10:12:13 AM
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2966 Arcade <br />TIF Analysis <br />Purchase 2945 & 2959 Labore (EMV = $194,000 + $184,900) <br /># of Units <br />EMV Per Unit <br />Total EMV <br />Est. Tax Capacity <br />Less: Base Tax Capacity - 2012 <br />Net Tax Capacity <br />X City Rate (Est. Pay 2011 Rate) <br />$ Generated <br />Supportable Debt (10 yrs @ 5 %) <br />Supportable Debt (15 yrs @ 5.25.5 %); <br />Supportable Debt (25 yrs @ 6%) <br />Development Costs <br />Less Lot Value (15900,000) <br />Net To Recover <br />Capitalized Interest @ 5% for 24 months <br />Total To Be Recovered <br />Surplus /(Deficit) <br />Surplus /(Deficit) <br />Surplus /(Deficit) <br />3/23/2012 15:50 <br />10 <br />15 <br />400,000 <br />6,000,000 <br />60, 000 <br />8,169 <br />51,831 <br />95.519% <br />$49,508 <br />$382,291 <br />$505,306 <br />$632,884 <br />1,790,398 <br />1,500,000 <br />290,398 <br />29,040 <br />319,438 <br />62,853 <br />185,868 <br />313,446 <br />Certified +EMVs *1 <br />Max Rate at Certification <br />10 Yrs of TIF <br />15 Yrs of TIF <br />25 Yrs of TIF <br />10 Years of TIF <br />15 Years of TIF <br />25 Years of TIF <br />
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