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• F. PROPERTY TO BE ACQUIRED The Authority may acquire all parcels within District No. 18. G. ESTIMATE OF PUBLIC COSTS - USE OF FUNDS The estimated use of funds associated with District No. 18 are outlined in the following line item budget: USE OF FUNDS TOTAL Qualified Costs: Land Acquisition $ -0- Site Improvements $ 300,000 Public Improvements (includes local contribution) $ 230,000 Interest $ 150,000 Administration (up to 10%) $ 68,000 TOTAL: $ 748,000 $300,000-Site Improvements This estimate includes all costs associated with improving the condition of the site in order to allow construction of the facility, i.e.; the site contains a significant amount of poor quality soil which will be excavated and replaced with appropriate grade materials. $230,000 - Public Improvements This estimate includes the cost of construction of a fully signalized intersection at 1715' and Highway 10 and a controlled railroad crossing on 171" in order to accommodate additional semi- truck movement in the amount of approximately 60 per day as a direct result of the project planned in Tax Increment District No. 18. This estimate also includes costs to provide additional landscaping, tree planting, fencing, and other eligible activities deemed necessary to improve the physical appearance of the site. 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. 18. Tax Increment Financing District No.18 Page II-4