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ESTIMATED ANNUAL AND CUMULATIVE BALANCES: <br />The annual balance is simply the difference between <br />anticipated revenues and proposed expenses; the cumulative <br />balance is an accumulation of those balances. Although <br />there are negative annual balances in 1996, 1997 and 1998, <br />the cumulative balances for those three years reflects the <br />drawing down of the $2.4 million the City currently has on <br />hand. Beginning in 1999 and through 2004, a positive annual <br />balance is maintained and the City/EDA can proceed with its <br />development/redevelopment activities on a pay-as-you-go <br />basis. Assuming the receipt of these revenues and the <br />payment of these project costs, at year end 2004, the <br />City-/EDA will haveinvested$7.7 million in its <br />development/redevelopment activities and accumulated a Fund <br />Balance of approximately $700,000. <br />Also attached to this Summary of the Ten -Year Plan are <br />following schedules: <br />the <br />Schedule II: Analysis of Development District No. 1 <br />This analysis is an accumulation of the actual and <br />projected revenues and expenses for TIF Districts <br />No. 1 - No. 3. <br />Schedule III: Analysis of TIF District No. 1 <br />Business Park, North and South <br />Schedule IV: Analysis of TIF District <br />Schedule V: Analysis of TIF District <br />- Mounds View <br />No. 2 - Highway #10 <br />No. 3 - Miller/Sysco <br />