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Mounds View E.D.A.
<br />APPENDIX B
<br />TAX INCREMENT REDEVELOPMENT DISTRICT NO. 2
<br />Budget History and Estimate of Project Costs
<br />Hwy 10 Proj Budget Add Dist #4 Add Dist #1 Confirmation
<br />Original Combination Budaet mod Mermaid Proi Modification
<br />10/13/00 Prepared by: Ehlers & Associates
<br />02/22/88
<br />05/09/94
<br />04/14/97
<br />08/14/00
<br />11/13/00
<br />Tax Increment
<br />$4,401,800
<br />$4,401,800
<br />$4,401,800
<br />Interest on invested
<br />$0
<br />Bond Proceeds
<br />$1,180,000
<br />$28,075,000
<br />$4,290,000
<br />$3,205,819
<br />$35,570,819
<br />Loans Proceeds
<br />$4,290,000
<br />$3,205,819
<br />$7,495,819
<br />Real estate sales
<br />$0
<br />Special assessments
<br />$0
<br />Other Revenue & Increments
<br />$56,491,600
<br />$4,290,000
<br />$4,705,819
<br />$65,487,419
<br />$0
<br />$0
<br />$0
<br />Transfers
<br />$56,491,600
<br />$4,290,000
<br />$4,705,819
<br />$65,487,419
<br />Total Sources
<br />$5,581,800
<br />$145,460,000
<br />$17,160,000
<br />$15,823,276
<br />$178,443,276
<br />Land/bldg
<br />$715,000
<br />$9,715,000
<br />$2,419,369
<br />$1,736,700
<br />$13,871,069
<br />Site prep
<br />$700,000
<br />$220,506
<br />$920,506
<br />Utilities
<br />$50,000
<br />$3,180,000
<br />$698,807
<br />$3,878,807
<br />Parking
<br />$0
<br />$150,000
<br />$150,000
<br />Streets
<br />$500,000
<br />$500,000
<br />Park
<br />$0
<br />$0
<br />Social
<br />$4,860,000
<br />60,000
<br />Interest reduction
<br />$0
<br />$0
<br />Bond principal
<br />$1,180,000
<br />$28,075,000
<br />$4,290,000
<br />$3,205,81970,819
<br />K$22,368,400
<br />Bond interest
<br />$1,186,600
<br />$20,868,400
<br />$1,500,000
<br />Loan principal
<br />$0
<br />$4,290,000
<br />$3,205,81995,819
<br />Loan interest
<br />$0
<br />$0
<br />Admin
<br />$55,000
<br />$595,000
<br />$390,000
<br />$100,000
<br />$1,085,000
<br />Other
<br />$0
<br />$0
<br />Bond discounts
<br />$25,000
<br />$175,000
<br />$175,000
<br />Renovation
<br />$0
<br />$1,110,125
<br />$433,992
<br />$1,544,117
<br />Congingencies
<br />$300,000
<br />$300,000
<br />Project Costs
<br />$20,000,000
<br />$20,000,000
<br />Demolition
<br />1
<br />$0
<br />$110,000
<br />$110,000
<br />Soil Correction
<br />$0
<br />$126,320
<br />$126,320
<br />Transfers
<br />$56,491,600
<br />$4,290,000
<br />$4,705,819
<br />$65,487,419
<br />Total Uses
<br />3,211,600
<br />145,460,000
<br />$17,160,000
<br />15,823,276
<br />$178,443,276
<br />Sources -Uses
<br />$2,370,200
<br />$0
<br />$0
<br />$0
<br />$0
<br />10/13/00 Prepared by: Ehlers & Associates
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