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G. ESTIMATE OF PUBLIC COSTS - USE OF FUNDS • The estimated use of funds associated with District No. 21 are outlined in the following line item budget: USE OF FUNDS TOTAL Qualified Costs: Land Acquisition $ 300,000 Site Improvements $ 60,000 Public Improvements $ 0 Other Development Costs $ 50,000 Interest $ 150,000 Administration (up to 10%) $ 50,000 TOTAL: $ 610,000 The City or Authority reserve the right to modify actual line item dollar amounts at any time throughout the duration of the District, as long as it does not change the Total as indicated above. Capitalized interest and other interest payments on tax increment bonds and obligations are also considered to be public costs in addition to the above referenced estimate of public costs. Interest payments and capitalized interest will be determined at the time of issuance of the bonds and obligations and are dependent on interest rates in effect at such time. In addition to above mentioned costs, administration costs to cover City staff and overhead and various consulting fees in an amount not to exceed 10% of total tax increment will be funded with tax increments from District No. 21. This provision does not obligate the City or Authority to incur debt. The City or Authority will issue bonds only upon determination that such action is in the best interest of the City. The City or Authority may also finance the activities to be undertaken pursuant to the Tax Increment Financing Plan through loans from funds of the City or Authority or to reimburse the developer on a "pay-as- you-go" basis for eligible activities paid for by the developer. Any funds to be expended outside the boundaries of District No. 21, but within the boundaries of Development District No. 1, will be less than 20 percent of total tax increment generated by District No. 21, including administrative costs. Subject to that limitation, and the limitations as described in Section R., the tax increment from District No. 21 may be used to pay for public costs outlined in the Development Program for Development District No. 1 (subject to the limitations as described in this Plan). H. ESTIMATED AMOUNT OF LOAN/BONDED INDEBTEDNESS The City or Authority have the ability to issue a revenue bond, general obligation bond, or other type of obligation in one or more series for a maximum amount of $610,000 to finance any or all • of the Total Estimated Public Costs authorized to be paid under Section G of this Plan. Tax Increment Financing District No.21 Page II-4