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10/28/93 10:27 FAX 612 223 3002 SPRINGSTED INC. Ij004/016
<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: 8.00%
<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 30,700 56,000 86,700 86,700 669,300
<br /> 2 669,300 34,023 53,544 87,567 87,567 635,277
<br /> 3 635,277 37,621 50,822 88,443 88,443 597,656
<br /> 4 597,656 41,515 47,812 89,327 89,327 556,141
<br /> 5 556,141 45,729 44,491 90,220 90,220 510,412
<br /> 6 510,412 50,289 40,833 91,122 91,122 460,123
<br /> 7 460,123 55,223 36,810 92,033 92,033 404,900
<br /> 8 404,900 60,561 32,392 92,953 92,953 344,339
<br /> 9 344,339 66,336 27,547 93,883 93,883 278,003
<br /> 10 278,003 72,582 22,240 94,822 94,822 205,421
<br /> 11 205,421 79,336 16,434 95,770 95,770 126,085
<br /> 12 126,085 86,641 10,087 96,728 96,728 39,444
<br /> 13 39,444 39,444 3,156 42,600 42,600 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 /> 1-9
<br /> 20
<br /> Totals 700,000 442,168 1,142,168 1,142,168
<br /> Prepared 28-Oct-93 by SPRINGSTED Incorporated m\mvbuspk
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