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10/28/93 10:27 FAX 612 223 3002 SPRINGSTED INC. Ij003/016
<br /> City of Mounds View, Minnesota
<br /> Mounds View Business Park East
<br /> Everest Development Company
<br /> "Pay As You Go"TIF Financing
<br /> Project: Multi-Tech
<br /> Amount: $700,000
<br /> Discount Rate: 7.50%
<br /> Annual Increment: $102,000
<br /> Increment Inflator: 1.00%
<br /> Annual
<br /> Beginning Principal Annual Total Increment Ending
<br /> Year Balance Repayment Interest Payment 85% Balance
<br /> (1) (2) (3) (4) (5) (6) (7)
<br /> 1 700,000 34,200 52,500 86,700 86,700 665,800
<br /> 2 665,800 37,632 49,935 87,567 87,567 628,168
<br /> 3 628,168 41,330 47,113 88,443 88,443 586,838
<br /> 4 586,838 45,314 44,013 89,327 89,327 541,524
<br /> 5 541,524 49,606 40,614 90,220 90,220 491,918
<br /> 6 491,918 54,228 36,894 91,122 91,122 437,690
<br /> 7 437,690 59,206 32,827 92,033 92,033 378,484
<br /> 8 378,484 64,567 28,386 92,953 92,953 313,917
<br /> 9 313,917 70,339 23,544 93,883 93,883 243,578
<br /> 10 243,578 76,554 18,268 94,822 94,822 167,024
<br /> 11 167,024 83,243 12,527 95,770 95,770 83,781
<br /> 12 83,781 83,781 6,284 90,065 90,065 0
<br /> 13 0 0 0 0 0 0
<br /> 14 0 0 0 0 0 0
<br /> 15 0 0 0 0 0 0
<br /> 16 0 0 0 0 0 0
<br /> 17
<br /> 18
<br /> 19
<br /> -
<br /> 20
<br /> Totals 700,000 392,905 1,092,905 1,092,905
<br /> Prepared 28-Oct-93 by SPRINGSTED Incorporated m\mvbuspk
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