|
10/28/93 10:26 FAX 612 223 3002 SPRINGSTED INC. Lj002/016
<br /> City of Mounds View, Minnesota
<br /> Mounds View Business Park East
<br /> Everest Development Company
<br /> Tay As You Go" TIF Financing
<br /> Project: Multi-Tech
<br /> Amount: $700,000
<br /> Discount Rate: 7.00%
<br /> Annual Increment: $102,000
<br /> Increment Inflator: 1,00%
<br /> 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 /> 1 700,000 37,700 49,000 86,700 86,700 662,300
<br /> 2 662,300 41,206 46,361 87,567 87,567 621,094
<br /> 3 621,094 44,966 43,477 88,443 88,443 576,128
<br /> 4 576,128 48,998 40,329 89,327 89,327 527,130
<br /> 5 527,130 53,321 36,899 90,220 90,220 473,809
<br /> 6 473,809 57,955 33,167 91,122 91,122 415,854
<br /> 7 415,854 62,923 29,110 92,033 92,033 352,931
<br /> 8 352,931 68,248 24,705 92,953 92,953 284,683
<br /> 9 284,683 73,955 19,928 93,883 93,883 210,728
<br /> 10 210,728 80,071 14,751 94,822 94,822 130,657
<br /> 11 130,657 86,624 9,146 95,770 95,770 44,033
<br /> 12 44,033 44,033 3,082 47,115 47,115 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 700,000 349,955 1,049,955 1,049,955
<br /> Prepared 28-Oct-93 by SPRINGSTED Incorporated m\mvbuspk
<br />
|