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MASTERPIECE TIF Analysis <br /># of Units <br />EMV Per Unit <br />Total EMV <br />Est. Tax Capacity (Pay 2001 Rates) <br />Less: Base Tax Capacity <br />TIF Tax Capacity <br />X District Rate (Pay 2000 Rate) <br />TIF Generated <br />X 95% <br />Supportable :Debttryrs &95% <br />Purchase Price - McNamara <br />Purchase Price - 141 LC Road <br />Total Land Cost for 34 Units <br />Land Cost Per Unit <br />Equivalent Land Cost (14,560 22 of units) <br />Difference To Be Recovered <br />Plus: City Costs Paid By Developer <br />Write -down Needed <br />Capitalized Interest © 9.5% for 30 mo <br />Total To Be Recovered by TIF <br />Surplusf(Deficit) <br />4/21/00 13:19 <br />with Porches <br />14 <br />170,000 <br />2,380,000 <br />$242,398.65 <br />350,000 <br />145,000 <br />495,000 <br />14,560 <br />320,320 <br />174,680 <br />15,000 <br />189,680 <br />45,049 <br />234,729 <br />7,670 <br />2170 <br />2095 <br />47,140 <br />4,181 <br />42,959 <br />120.00% <br />$51,551 <br />$48,973 <br />w/o Porches <br />8 <br />165,000 <br />1,320, 000 <br />Original Proposal <br />$495,000/34 <br />Page 234 <br />