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MOUNDS VIEW BUSINESS PARK EAST
<br />PAY AS YOU GO T.I.F.
<br />Project: C.G. Hill 8 Sons
<br />October 26. 1993
<br />Estimated Taxes (annually) 51,000 (t)
<br />for 30,000 S.F.
<br />Estimated Frozen Base 8�03 (2)
<br />Initial Annual Increment 42,591
<br />Net Present Value at Discount Rate of:
<br />Proposed Annual Split
<br />15%
<br />To Cit
<br />To Everest
<br />of Increment
<br />85%
<br />Year
<br />Everest
<br />CRY
<br />7.00%
<br />8.00%
<br />9.00%
<br />7.00%
<br />8,00%
<br />9.00%
<br />1
<br />0
<br />0 (3)
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />2
<br />36,207
<br />6.390
<br />5.581
<br />5,478
<br />5,37e
<br />31,625
<br />31,042
<br />30,475
<br />3
<br />36,570
<br />6,453
<br />10.849
<br />10,601
<br />10,361
<br />61.477
<br />60.072
<br />58.713
<br />4
<br />36,935
<br />6,518
<br />15,821
<br />15,392
<br />14,979
<br />89.654
<br />87,221
<br />84,879
<br />5
<br />37.305
<br />6,583
<br />20.515
<br />19.872
<br />19,257
<br />116,252
<br />112.609
<br />109,125
<br />6
<br />37.678
<br />6,649
<br />24.946
<br />24.062
<br />23.222
<br />141,358
<br />136,353
<br />131,591
<br />7
<br />38.054
<br />6,715
<br />29,128
<br />27.981
<br />26.895
<br />165.057
<br />187,426
<br />158,557
<br />179,322
<br />152,408
<br />171,697
<br />8
<br />38,435
<br />6,783
<br />33.075
<br />31,645
<br />35,072
<br />30,299
<br />33,454
<br />208.541
<br />198,742
<br />189.570
<br />9
<br />38,819
<br />6,850
<br />36,801
<br />40.319
<br />38,277
<br />36,376
<br />228,472
<br />216,902
<br />2D6,132
<br />10
<br />11
<br />39,207
<br />39,600
<br />6.919
<br />6,988
<br />43.639
<br />41,274
<br />39,084
<br />247.286
<br />233.886
<br />221,478
<br />12
<br />39,996
<br />7,058
<br />46.773
<br />44.077
<br />41,594
<br />265,044
<br />249,769
<br />264.622
<br />235.698
<br />248,874
<br />13
<br />40,396
<br />7,129
<br />49,731
<br />46,698
<br />43,919
<br />281,807
<br />297,630
<br />278,513
<br />261.083
<br />14
<br />40.799
<br />7.200
<br />52,523
<br />49.149
<br />51,442
<br />46,074
<br />48.070
<br />312.565
<br />291.503
<br />272,396
<br />15
<br />41,207
<br />7,272
<br />7,345
<br />55,159
<br />57.646
<br />53.586
<br />49.920
<br />326,663
<br />303,651
<br />282.879
<br />16
<br />17
<br />41,620
<br />42.036
<br />7.418
<br />59,995
<br />55.590
<br />51.634
<br />292,592
<br />18
<br />42,456
<br />7,492
<br />62.211
<br />57.465
<br />53,222
<br />339,970
<br />315,012
<br />325.637
<br />301.593
<br />19
<br />42,881
<br />7.567
<br />64,304
<br />59,219
<br />54,694
<br />352,532
<br />364.389
<br />335,573
<br />309,933
<br />20
<br />43.309
<br />7,643
<br />66,279
<br />60,858
<br />56,058
<br />NOTES:
<br />(1) Estimated taxes at$1.70 per square fool
<br />(2) Frozen base determined by utilizing 1993 taxes payable less estimate for pending refund
<br />(3) Taxes assumed to increase at an average rate of 1 % per year
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