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10/28/93 10:30 FAX 612 223 3002 SPRINGSTED INC. 1011/016
<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: 9.00%
<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 20,682 15,525 36,207 36,207 151,818
<br /> 2 151,818 • 22,905 13,664 36,569 36,569 128,913
<br /> 3 128,913 25,333 11,602 36,935 36,935 103,580
<br /> 4 103,580 27,982 9,322 37,304 37,304 75,598
<br /> 5 75,598 30,873 6,804 37,677 37,677 44,725
<br /> 6 44,725 34,029 4,025 38,054 38,054 10,696
<br /> 7 10,696 10,696 963 11,659 11,659 0
<br /> 8 0 0 0 00 0 0 0 '�
<br /> 9 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 /> 1-9 - - -
<br /> 20
<br /> Totals 172,500 61,905 234,405 234,405
<br /> Prepared 28-Oct-93 by SPRINGSTED Incorporated m\mvbuspk
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