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16 July 1986
<br />ff„ Page Five
<br />Tax Available for TIF
<br />Maximum Bond Sale
<br />(9% Interest Rate)
<br />Capitalized Interest 27,900
<br />(9% for 2.5 Years)
<br />15 Years
<br />$ 17,455
<br />124,000
<br />Administration 10%
<br />Bond Discount 2%
<br />Bond Printing and Registration
<br />96,100
<br />8,700
<br />2,500
<br />1,000
<br />PROJECT SUPPORT $ 83,900
<br />Low Value
<br />20 Years
<br />$ 17,455
<br />148,000
<br />25 Years
<br />$ 17,455
<br />167,000
<br />33,300 37,575
<br />114,700
<br />8,700
<br />3,000
<br />1,000
<br />$.102,000
<br />129,425
<br />8,700
<br />3,400
<br />1,000
<br />$116,325
<br />15 Years
<br />$ 17,915
<br />127,000
<br />28,575
<br />98,425
<br />8,700
<br />2,600
<br />1,000
<br />$ 86,125
<br />High Value
<br />20 Years
<br />$ 17,915
<br />152,000
<br />25 Years
<br />$ 17,915
<br />171,000
<br />34,200 38,500
<br />117,800
<br />8,700,
<br />3,100.
<br />1,000
<br />132,500
<br />8,700
<br />3,500
<br />1,000
<br />$105,000 $119,300
<br />CONCLUSION
<br />The 8,000 square foot building appears to be capable of producing sufficient tax
<br />increment to make the project work with a 20 year bonding period.
<br />49
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