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(AS MODIFIED NOVEMBER 13, 2000)
<br />Mounds View E.D.A.
<br />TAX INCREMENT REDEVELOPMENT DISTRICT NO. 2
<br />Budget History and Estimate of Project Costs
<br />Hwy 10 Proj Budget Add Dist #4 Add Dist 411 Confirmation
<br />.....d o.,.i t,Andalnatin
<br />11/08/00
<br />Prepared by: Ehlers & Associates
<br />City of Mounds View TIF District No. 2 Modification 24 1 P a g e
<br />02/22/88
<br />05/09/94
<br />04/14/97 06/14/00
<br />11/13/00
<br />Tax Increment $4,401,800
<br />$4,401,800
<br />_
<br />$4,401,800
<br />Interest oninvested
<br />$0
<br />Bond Proceeds $1,180,000
<br />__
<br />$28,075,000
<br />$4,290,000
<br />$3,205,819
<br />$35,570,819
<br />Loans Proceeds
<br />$4,290,000
<br />$3,205,819
<br />$7,495,819
<br />Real estate sales
<br />$0
<br />Special assessments
<br />Other Revenue & Increments
<br />_
<br />_
<br />$56,491,600 $4,290,000 $4,705,819
<br />$0
<br />$65,487,419
<br />$0
<br />—$0
<br />$0
<br />Transfers
<br />$56,491,600 $4,290,000 $4,705,819
<br />$65,487,419
<br />Total Sources $5,581,800
<br />$145,460,000 $17.160.0001 $15,823,276
<br />$178,443,276
<br />Land/bldg
<br />Site prep
<br />$715,00_0
<br />$9,715,000 $2,419,369 $1,736,700
<br />$700,000 $220,506
<br />$13,871,069
<br />$920,506
<br />Utilities
<br />$50,000
<br />$3,180,000
<br />$698,807
<br />$3,878
<br />Parking
<br />Streets
<br />$0 $150,000
<br />$50.0,000 -
<br />$150,807
<br />$150,000
<br />$500,000
<br />Park
<br />_
<br />$0
<br />_
<br />_ $0
<br />Social
<br />$4,860,000
<br />_
<br />_$4,860,000
<br />Interest reduction
<br />_
<br />$0
<br />$0
<br />Bond principal
<br />Bond interest
<br />$1,180,000
<br />$1,186,600
<br />$28,075,000 $4,290,000 $3,205,019
<br />$20,868,400 _ $1,500,000
<br />$35,570,819
<br />$22,368,400
<br />Loan principal
<br />Loan interest
<br />$0 $4,290,000 $3,205_,819
<br />$0
<br />$7,495,819
<br />$0
<br />Admin
<br />$55,000
<br />$39
<br />$595,000 0,000 _
<br />$100,000
<br />$1 ,085,000
<br />Other
<br />$o
<br />$0
<br />Bond discounts
<br />$25,000
<br />$175,000
<br />$175,000
<br />Renovation
<br />$0 $1,110,125
<br />$433,992
<br />$1,544,117
<br />Congingencies
<br />Project Costs
<br />Demolition
<br />$300,000
<br />$20,000,000
<br />$0 _
<br />_
<br />$110,000
<br />_ $300,000
<br />$20,000,000
<br />$110,000
<br />Soil Correc_t_ion
<br />_
<br />$0
<br />$126,320
<br />$126,320
<br />Transfers.
<br />Total Uses
<br />_
<br />_
<br />3,211,600
<br />$56,491,600 $4,290,000 $4,705 819
<br />14_5,460,000 $17,1.60,000 $15,823,276
<br />$65,487,419
<br />178,4_4_3,276
<br />Sources -Uses $2,370200
<br />$0 $0
<br />$0
<br />$0
<br />11/08/00
<br />Prepared by: Ehlers & Associates
<br />City of Mounds View TIF District No. 2 Modification 24 1 P a g e
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