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Gordie Howe TIF 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 20oo Rate) <br />TIF Generated <br />Supportable Debt (7yrs @ 95 .;1, yz. c <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 />Less: McNamara Price Reduction <br />Write -down Needed <br />Capitalized Interest @ 9.5% for 30 mo <br />Total To Be Recovered by TIF <br />Surptus/(Deftcit) <br />2/4/00 10:18 <br />with Porches <br />14 <br />162,000 <br />2,268,000 <br />g$14#037.1 <br />35`1 <br />350,000 <br />145,000 <br />495,000 <br />14,560 <br />320,320 <br />174,680 <br />0 <br />174,680 <br />41,487 <br />216,167 <br />.................... <br />35,171;: <br />Page 48 <br />2185.5 <br />1987.5 <br />46,497 <br />4,181 <br />42,316 <br />120.00% <br />$50,779 <br />w/o Porches <br />8 <br />150,000 <br />1,200,000 <br />Original Proposal <br />$495,000/34 <br />