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10/28/93 10:29 FAX 612 223 3002 SPRINGSTED INC. lj009/016 <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: C.G. Hill &Sons <br /> Amount: $172,500 <br /> Discount Rate: 8.00% <br /> Annual Increment $42,597 <br /> increment Inflator: 1.00% Annual <br /> - -Beginning Principal Annual Total.. Increment <br /> Ending <br /> Year Balance Repayment Interest Payment 85% Banc <br /> (1) (2) (3) (4) (5) (6) (7) <br /> 1 172,500 22,407 13,800 36,207 36,207 150,093 <br /> 2 150,093 24,562 12,007 36,569 36,569 125,531 <br /> 3 125,531 26,893 10,042 36,935 36,93569,225304 98,638 <br /> 4 98,638 29,413 7,891 7, <br /> 5 69,225 32,139 5,538 37,677 37,677 37,086 <br /> 6 37,086 35,087 2,967 38,054 38,054 1,999 <br /> 7 1,999 1,999 160 2,159 2,159 0 <br /> 8 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 00 <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 52,405 224,905 224,905 <br /> Prepared 28-Oct-93 by SPRINGSTED Incorporated <br /> mlmvbuspk <br />