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35- <br /> TIF <br /> STIF Update <br /> March 27, 1996 <br /> Page 2 <br /> Lowry Grove $500,000 No activity. <br /> Bowling Alley $69,000 No money spent, however, an office <br /> $4y00 retail business has located there. <br /> St. Anthony Shopping Area $35,000 No activity. <br /> $50 0 <br /> Vacant lots on Silver Lake Road 9;9AA No activity. <br /> NVIA nOlot by p dustrial.Pro cts $2 3 <br /> .�__ <br /> Ger gory' t developrien`t" $226 000 13 one )evel townhome <br /> � , ��_ _ �a <br /> Money authorized to date-----------------$4,205,000 <br /> Money not authorized--------------------- 000$ 99OQ,s_ <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 />