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10/28/93 10:28 FAX 612 223 3002 SPRINGSTED INC. Q005/016
<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: 8.50%
<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 27,200 59,500 86,700 86,700 672,800
<br /> 2 672,800 30,379 57,188 87,567 87,567 642,421
<br /> 3 642,421 33,837 54,606 88,443 88,443 608,584
<br /> 4 608,584 37,597 51,730 89,327 89,327 570,987
<br /> 5 570,987 41,686 48,534 90,220 90,220 529,301
<br /> 6 529,301 46,131 44,991 91,122 91,122 483,170
<br /> 7 483,170 50,964 41,069 92,033 92,033 432,206
<br /> 8 432,206 56,215 36,738 92,953 92,953 375,991
<br /> 9 375,991 61,924 31,959 93,883 93,883 314,067
<br /> 10 314,067 68,126 26,696 94,822 94,822 245,941
<br /> 11 245,941 74,865 20,905 95,770 95,770 171,076
<br /> 12 171,076 82,187 14,541 96,728 96,728 88,889
<br /> 13 88,889 88,889 7,556 96,445 96,445 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 /> 20
<br /> Totals 700,000 496,013 1,196,013 1,196,013
<br /> Prepared 28-Oct-93 by SPRINGSTED Incorporated m\mvbuspk
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