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<br />EDA and City Development Fund, cash sales
<br />201320142015E2016E2017E2018E2019E2020E2021E2022E2023E2024E2025E2026E2027E
<br />Revenues
<br />Perferred Powder (8 years TIF)$ 85,087$ 85,087$ 85,087$ 85,087 $ 85,087$ 85,087$ 85,087 $ 85,087
<br />Company B cash sale$ 349,351
<br />Company C cash sale$ 1,316,695
<br />Company D $ 1
<br />current abatement revenue
<br />(Sportech 2008, City and County
<br />Taxes)
<br />$ 100,000$ 100,000$ 100,000$ 100,000$ 35,318
<br />EDA Fund$ 450,000$ 568,000$ -
<br />City Development Fund$ 132,588$ 200,000$ -
<br />Trunk Funds (Sewer & Water$ 353,012$ 366,000
<br />DEED Grant$ 250,000$ 291,000
<br />Total Revenue$ 1,185,600$ 1,425,000$ 1,851,134$ 185,087$ 185,087$ 185,087$ 120,405$ 85,087$ 85,087 $ 85,087$
<br /> -$ - $ -$ - $ -
<br />Expenditures
<br />Natures Edge Phase I$ 1,185,600
<br />Natures Edge Phase II$ 1,425,000
<br />Area Improvements (Intersection, boulevard)$ 2,000,000
<br />Future business park
<br />Total Expenditures$ 1,185,600$ 1,425,000$ -$ 2,000,000$ - $ -$ -$ - $ -$
<br /> - $ -$ - $ -$ - $ -
<br />Difference$ -$ -$ 1,851,134$ (1,814,913)$ 185,087$ 185,087$ 120,405$ 85,087$ 85,087 $ 85,087$
<br /> -$ - $ -$ - $ -
<br />Available Fund Balance as of 12/31/2014
<br />EDA (less amount reserved for operations)$ 298,289$ 925,567$ (907,457)$ 92,544$ 92,544 $ 60,203$ 42,544$ 42,544 $
<br /> 42,544$ -$ - $ -$ - $ -
<br />City Development Fund$ 224,402$ 925,567$ (907,457)$ 92,544$ 92,544 $ 60,203$ 42,544$ 42,544 $ 42,544$
<br /> -$ - $ -$ - $ -
<br />Total$ 522,691$ 2,373,825$ 558,912$ 743,999$ 929,086$ 1,049,491 $ 1,134,578$ 1,219,665$ 1,304,752$ 1,304,752$ 1,304,752$
<br /> 1,304,752$ 1,304,752$ 1,304,752
<br />New Business Park is expected to cost $2,000,000.
<br />EDA and City Development Fund, cash sales and tax abatement reimbursement
<br />201320142015E2016E2017E2018E2019E2020E2021E2022E2023E2024E2025E2026E2027E
<br />Revenues
<br />Perferred Powder (8 years TIF)$ 85,087$ 85,087$ 85,087$ 85,087 $ 85,087$ 85,087$ 85,087 $ 85,087
<br />Company B (8 years abatement)$ 43,669$ 43,669 $ 43,669$ 43,669$ 43,669 $ 43,669$ 43,669 $ 43,669
<br />Company C (10 years abatement)$ 131,670$ 131,670$ 131,670$ 131,670$ 131,670$ 131,670$ 131,670$ 131,670 $ 131,670$
<br /> 131,670
<br />Company D $ 1
<br />current abatement revenue
<br />(Sportech 2008, City and County
<br />Taxes)
<br />$ 100,000$ 100,000$ 100,000$ 100,000$ 35,318
<br />EDA Fund$ 450,000$ 568,000$ -
<br />City Development Fund$ 132,588$ 200,000$ -
<br />Trunk Funds (Sewer & Water$ 353,012$ 366,000
<br />DEED Grant$ 250,000$ 291,000
<br />Total Revenue$ 1,185,600$ 1,425,000$ 185,088$ 185,087$ 360,426$ 360,426$ 295,744$ 260,426$ 260,426$ 260,426$
<br /> 175,339$ 175,339 $ 131,670$ 131,670$ -
<br />Expenditures
<br />Natures Edge Phase I$ 1,185,600
<br />Natures Edge Phase II$ 1,425,000
<br />Area Improvements (Intersection, boulevard)$ 2,000,000
<br />Future business park
<br />Total Expenditures$ 1,185,600$ 1,425,000$ -$ - $ - $ -$ -$ 2,000,000$ -$
<br /> - $ -$ - $ -$ - $ -
<br />Difference$ -$ -$ 185,088$ 185,087$ 360,426$ 360,426$ 295,744$ (1,739,574)$ 260,426$ 260,426$
<br /> 175,339$ 175,339 $ 131,670$ 131,670$ -
<br />Available Fund Balance as of 12/31/2014
<br />EDA (less amount reserved for operations)$ 298,289$ 92,544$ 92,544$ 180,213$ 180,213$ 147,872$ (869,787)$ 130,213$
<br />130,213$ 87,670 $ 87,670$ 65,835 $ 65,835$ -
<br />City Development Fund$ 224,402$ 92,544$ 92,544$ 180,213$ 180,213$ 147,872$ (869,787)$ 130,213$ 130,213$ 87,670
<br />$ 87,670$ 65,835 $ 65,835$ -
<br />Total$ 522,691$ 707,779$ 892,866$ 1,253,292$ 1,613,718$ 1,909,462 $ 169,888$ 430,314$ 690,740$ 866,079$ 1,041,418$
<br /> 1,173,088$ 1,304,758$ 1,304,758
<br />Company B and C assumes 2016 Assess, Pay 2017
<br />New Business Park is expected to cost $2,000,000.
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