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Country Drive TIF Analysis
<br />RAB
<br />23- Mar -06
<br />Refinance Resolution
<br />Building Square Footage 30,000 16,430
<br />Total Estimated Market Value $2,702,500 Pay 2007 Values $1,492,100
<br />Tax Capacity 53,300 29,842
<br />Less: Base Tax Capacity 3,682 2,103
<br />TIF Tax Capacity 49,618 Estimated for Phase II 29,842
<br />X Frozen Rate 92.65% 2006 Rate 92.65%
<br />TIF Generated $45,970 $27,648
<br />Phase I Phase 1 Phase 1 Phase II Phase II Phase II Net Guar.
<br />Year TIF Guarantee +/- TIF Guarantee +/- Due
<br />2006 48,527 76,114 (27,587) 4,913 20,213 (15,300) (42,887)
<br />2007 45,970 76,114 (30,144) 27,648 20,213 7,435 (22,709)
<br />2008 45,970 76,114 (30,144) 27,648 20,213 7,435 (22,709)
<br />2009 45,970 76,114 (30,144) 27,648 20,213 7,435 (22,709)
<br />2010 45,970 76,114 (30,144) 27,648 20,213 7,435 (22,709)
<br />2011 45,970 76,114 (30,144) 27,648 20,213 7,435 (22,709)
<br />2012 45,970 76,114 (30,144) 27,648 20,213 7,435 (22,709)
<br />2013 45,970 76,114 (30,144) 27,648 20,213 7,435 (22,709)
<br />2014 45,970 76,114 (30,144) 27,648 20,213 7,435 (22,709)
<br />2015 45,970 76,114 (30,144) 27,648 20,213 7,435 (22,709)
<br />2016 45,970 76,114 (30,144) 27,648 20,213 7,435 (22,709)
<br />Total Guarantee Interest Total Debt Yearly Cumulative
<br />Year Increment Amount Earnings Revenue Service Cash Flow Cash Flow
<br />5% 0
<br />2004 41,612 54,715 0 96,327 89,965 6,362 6,362
<br />2005 41,448 34,666 0 76,114 87,515 - 11,401 -5,039
<br />2006 53,440 195,167 5,813 254,420 90,030 164,390 159,351
<br />2007 73,618 0 7,039 80,657 92,190 - 11,533 147,818
<br />2008 73,618 0 6,372 79,990 93,995 - 14,005 133,813
<br />2009 73,618 0 5,604 79,222 95,345 - 16,123 117,691
<br />2010 73,618 0 4,749 78,367 96,330 - 17,963 99,728
<br />2011 73,618 0 3,820 77,438 96,950 - 19,512 80,216
<br />2012 73,618 0 3,088 76,706 92,075 - 15,369 64,847
<br />2013 73,618 0 2,563 76,181 87,200 - 11,019 53,828
<br />2014 73,618 0 2,006 75,624 87,325 - 11,701 42,127
<br />2015 73,618 0 1,441 75,059 86,935 - 11,876 30,251
<br />2016 73,618 0 885 74,504 86,160 - 11,656 18,594
<br />22- Mar -06
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