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Country Drive TIF Analysis <br />South Parcel <br />Building Square Footage <br />EMV Per Square Foot <br />Estimated Market Value <br />Land EMV @1.50 sq. ft. <br />Total EMV <br />Tax Capacity <br />Less: Base Tax Capacity <br />TIF Tax Capacity <br />X Frozen Rate <br />TIF Generated <br />50,000 <br />$45.00 <br />$2,250,000 <br />$300,000 <br />$2,550,000 <br />50,250 <br />6,000 <br />44,250 <br />108.57% <br />$48,042 <br />25% Site Coverage <br />Office/Whse <br />200,000 Sq. Ft. <br />Pay 2002 Rates <br />Estimated <br />6 Parcels <br />2002 Rate <br />($371,616.56) Debt Supported (12 yrs @7.50 %) 12 Yrs Max Collection <br />If Development Occurs in 2003 <br />Estimated Land Acquistion Costs <br />Demolition (4 foundations @ $7,500) <br />Miscellaneous Costs <br />Administrative Costs <br />Total Costs <br />Less: Land Sale @ $2.50 /Sq. Ft. <br />Net Costs To Finance <br />Capitalized Interest <br />Total Cost To Finance <br />Less: TIF Note Supported Costs <br />Surplus / <Deficit> <br />07/02/02 <br />Estimated Costs <br />Gagne <br />Franklin <br />Rice <br />Ketchmark <br />Quirin <br />Total <br />525,000 <br />125,000 <br />135,000 <br />155,000 <br />33,000 <br />973,000 <br />973,000 <br />30,000 <br />6,000 <br />5,000 <br />1,014,000 <br />500,000 <br />514,000 <br />53,970 <br />567,970 <br />371,617 <br />- $196,353.44 <br />Best Case <br />200,000 Sq. Ft. <br />18 months @ 7% <br />No Adm /Cushion <br />