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<br />e <br /> <br />e <br /> <br />e <br /> <br />D. <br /> <br />DEVELOPMENT ACTIVITIES <br /> <br />1. Development Overview <br /> <br />Kjellberg's Carpet and Interiors proposes to <br />construct a new retail facility containing <br />approximately 12,000 square feet on the redevelopment <br />site. The new facility will have a finished market <br />value estimated at approximately $625,000. <br />Construction may begin during the fall of 1993 and <br />will be completed by the spring of 1994. <br /> <br />Kjellberg's Carpet will occupy approximately 6,000 <br />square feet in the retail facility. The remaining <br />6,000 square feet will be leased space. <br /> <br />2. Contracts <br /> <br />No contracts have been entered into at the time of <br />the preparation of this Tax Increment Financing <br />Plan. Proposed contracts for services associated <br />with Tax Increment Financing No. 12 include: <br /> <br />- Contract for Private Development <br />- Contract for construction of a 12,000 square foot <br />retail facility (by Kjellberg's Carpet and <br />Interiors) <br /> <br />E. FINANCIAL ANALYSIS OF TAX INCREMENT FINANCING DISTRICT NO. <br />12 <br /> <br />1. <br /> <br />Financinq <br /> <br />Tax Increment <br />Estimates <br /> <br />District <br /> <br />No. 12 Cost <br /> <br />Budget <br />Land Writedown <br />Site Preparation <br />Administration <br />Legal <br />Cost of Issuance Fees <br />Bond Discount <br />Capitalized Interest <br />Miscellaneous <br /> <br />Amount <br />$ 70,000 <br />$165,000 <br />-0- <br />$ 5,000 <br />$ 6,000 <br />-0- <br />$ 19,000 <br />5,000 <br /> <br />$270,000 <br /> <br />$270,000 <br />5,000 <br />$265,000 <br /> <br />Total <br /> <br />Total Project Costs <br />Less Application Fee <br />Net Project Costs <br />