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10/28/93 10:28 FAX 612 223 3002 SPRINGSTED INC. EI007/016 <br /> City of Mounds View, Minnesota <br /> Mounds View Business Park East <br /> Everest Development Company <br /> "Pay As You Go"TIE Financing <br /> Project: C.G. Hill &Sons <br /> Amount: $172,500 <br /> Discount Rate: 7.00% <br /> Annual Increment: $42,597 <br /> Increment Inflator: 1.00% 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 /> 1 172,500 24,132 12,075 36,207 36,207 148,368 <br /> 2 148,368 26,183 10,386 36,569 36,569 122,185 <br /> 3 122,185 28,382 8,553 36,935 36,935 93,803 <br /> 4 93,803 30,738 6,566 37,304 37,304 63,065 <br /> 5 63,065 33,262 4,415 37,677 37,677 29,803 <br /> 6 29,803 29,803 2,086 31,889 31,889 0 <br /> 7 0 0 0 0 <br /> 8 0 0 0 0 0 0 <br /> 9 0 0 0 0 0 . 0 <br /> 10 0 0- 0 0 0 0 <br /> 11 0 0 0 0 0 0 <br /> 12 0 0 0 0 0 0 <br /> 13 0 0 0 0 00 <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 172,500 44,081 216,581 216,581 <br /> • <br /> Prepared 28-Oct-93 by SPRINGSTED Incorporated <br /> m\mvbuspk <br />