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Gordie Howe T1F Analysis <br /># of Units <br />EMV Per Unit <br />Total EMV <br />Tax Capacity (Pay 2000 Rates) <br />Less: Base Tax Capacity <br />TIF Tax Capacity <br />X District Rate (Pay 2000 Rate) <br />TIF Generated <br />with Porches <br />14 <br />162,000 <br />2,268,000 <br />SupportableiDebtr7ymiai9.5%),.#...,.-.,L,$2511337:35.1 <br />Purchase Price - McNamara 350,000 <br />Purchase Price - 141 LC Road 145,000 <br />Total Land Cast for 34 Units 495,000 <br />Land Cost Per Unit 14,560 <br />Equivalent Land Cost (14,560 • 22 of units) 320,320 <br />Difference To Be Recovered 174,680 <br />Less: McNamara Price Reduction 0 <br />Write-down Needed 174,680 <br />Capitalized Interest a 9.5% for 30 mo 41,487 <br />Total To Be Recovered by TIF 216,167 <br />2/4/00 10:18 <br />2185.5 <br />1987.5 <br />46,497 <br />4,181 <br />42,316 <br />120.00% <br />550,779 <br />Page 27 <br />w/o Porches <br />8 <br />150,000 <br />1,200,000 <br />Original Proposal <br />5495,000/34 <br />