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10/28/93 10:28 FAX 612 223 3002 SPRINGSTED INC. 01006/016
<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: 9.00%
<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 23,700 63,000 86,700 86,700 676,300
<br /> 2 676,300 26,700 60,867 87,567 87,567 649,600
<br /> 3 649,600 29,979 58,464 88,443 88,443 619,621
<br /> 4 619,621 33,561 55,766 89,327 89,327 586,060
<br /> 5 586,060 37,475 52,745 90,220 90,220 548,585
<br /> 6 548,585 41,749 49,373 91,122 91,122 506,836
<br /> 7 506,836 46,418 45,615 92,033 92,033 460,418
<br /> 8 460,418 51,515 41,438 92,953 92,953 408,903
<br /> 9 408,903 57,082 36,801 93,883 93,883 351,821
<br /> 10 351,821 63,158 31,664 94,822 94,822 288,663
<br /> 11 288,663 69,790 25,980 95,770 95,770 218,873
<br /> 12 218,873 77,029 19,699 96,728 96,728 141,844
<br /> 13 141,844 84,929 12,766 97,695 97,695 56,915
<br /> 14 56,915 56,915 5,122 62,037 62,037 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 700,000 559,300 1,259,300 1,259,300
<br /> Prepared 28-Oct-93 by SPRINGSTED Incorporated m\mvbuspk
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