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10/28/93 10:29 FAX 612 223 3002 SPRINGSTED INC. lJ010/016
<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; 8.50%
<br /> Annual Increment: $42,597
<br /> Increment Inflator: 1.00% Annual
<br /> Beginning Principal Annual Total Increment Ending - -Year Balance Repayment Interest Payment 85% Balance
<br /> (1) (2) (3) (4) (5) (6) (7)
<br /> 1 172,500 21,544 14,663 36,207 36,207 150,956
<br /> 2 150,956 23,738 12,831 36,569 36,569 127,218
<br /> 3 127,218 26,121 10,814 36,935 36,935 101,097
<br /> 4 101,097 28,711 8,593 37,304 37,304 72,386
<br /> 5 72,386 31,524 6,153 37,677 37,677 40,862
<br /> 6 40,862 34,581 3,473 38,054 38,054 6,281
<br /> 7 6,281 6,281 534 6,815 6,815 00
<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 0 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 172,500 57,061 229,561 229,561
<br /> Prepared 28-Oct-93 by SPRINGSTED Incorporated
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