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25- <br /> 0 5- <br /> • TIF Update <br /> March 27, 1996 <br /> Page 2 <br /> Lowry Grove $500,000 No activity. <br /> Bowling Alley $60,000 No money spent, however, an office <br /> $40 00 0 retail business has located there. <br /> St. Anthony Shopping Area $3000 No activity. <br /> $50 000000 <br /> Vacant lots on Silver Lake Road $60,000 No activity. <br /> $7}5-000 <br /> Vacant lof by Industrial P Mudd $2-33 000 <br /> GregoRelopment $2°26UzU®gi �13one�lev�el�townhomes <br /> Money authorized to date-----------------$4,205,000 <br /> Money not authorized----------------------$1,575,000 $a1 99�8,;,��##o- <br /> • <br /> Total---------------------------------$6,203,000 <br /> Interest on bond $1 million is the difference between $5.1 million and $5.7 million. <br /> Once again the benefits of setting up TIF in this manner are: <br /> • No LGA loss <br /> • Will not have to issue bonds <br /> • Will not have to put property in the district <br /> Following represents the status of the existing TIF districts: <br /> District <br /> TIF Tyne Increment Terminates <br /> *Chandler Housing $240,000 per year 2010 <br /> *Kenzie Terrace Housing $461,910 debt until 1999 2008 <br /> Evergreen Housing $59,000 2001 <br /> • Walbon Housing $35,000 debt until 2001 2011 <br /> Apache Plaza Commercial 2018 <br />