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<br />.
<br />
<br />EXHIBIT C
<br />
<br />Increment Income Estimate
<br />
<br />May 5, 1987
<br />
<br />Levy Year/ Assessed
<br />Collection Year Value
<br />
<br />Original Captured
<br />Assessed Value Assessed Value
<br />
<br />Increme~t
<br />Income
<br />
<br />1986/87
<br />1987/88
<br />1988/89
<br />1989/90
<br />1990/91
<br />1991/92
<br />1992/93
<br />1993/94
<br />1994/95
<br />
<br />$1,241,956
<br />3,364,832
<br />3,364,832
<br />3,364,832
<br />3,364,832
<br />3,364,832
<br />3,364,832
<br />3,364,8322
<br />1,578,836
<br />
<br />$133,272
<br />377,116
<br />376,615
<br />376,305
<br />375,985
<br />375,656
<br />375,317
<br />374,968
<br />175,593
<br />
<br />$83,066
<br />85,558
<br />89,917
<br />92,614
<br />95,393
<br />98,255
<br />101,202
<br />104,238
<br />51,938
<br />
<br />$1,158,890
<br />3,279,274
<br />3,274,915
<br />3,272,218
<br />3,269,439
<br />3,266,577
<br />3,263,630
<br />3,260,594
<br />1,526,898
<br />
<br />District's Cash Flow with Present Debt Service
<br />
<br /> 1987A
<br /> Levy Payment Present Estimated Increment Annual Cumulative
<br /> Year Year Debt Service Debt Service Income Surplus Surplus
<br /> 1986 1988 $ 97,333 $36,750 $ 133,272 $ (811) $ (811)
<br />. 1987 1989 120,383 38,220 377,116 218,513 217,702
<br />1988 1990 121,670 36,015 376,615 218,930 436,632
<br /> 1989 1991 122,470 33,810 376,305 220,025 656,657
<br /> 1990 1992 122,758 31,605 375,985 221,622 878,279
<br /> 1991 1993 122,508 375,656 253,148 1,131,427
<br /> 1992 1994 121,695 375,317 253,622 1,385,049
<br /> 1993 1995 120,295 374,968 254,673 1,639,722
<br /> 1994 1996 138,325 175,593 37,268 1,676,990
<br /> 1995 1997 129,085 (129,085) 1,547,905
<br /> 1996 1998 119,625 (119,625) 1,428,280
<br /> $1,336,147 $176,400 $2,940,827 $1,428,280
<br /> -------------------------
<br />
<br />.
<br />
<br />1
<br />
<br />Commercial classification requlres 28% on first $60,000 of market
<br />value and 43% on excess.
<br />
<br />2
<br />
<br />Assessed value drop reflects termination of TIF #1 with capture of
<br />assessed value of TIF #3 only.
<br />
<br />3
<br />
<br />Mill rate: 115 mills.
<br />
<br />CAP:AS8
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