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Mooresville Redevelopment..,ummission Financial Report
<br /> January 18, 2012
<br /> TIF I TIF II/TIF II exp Grand Total Notes
<br /> Balance 12/31/11 4,209,407.83
<br /> Balance 12/31/11 2,053,995.03
<br /> Balance 12/31/11
<br /> Interest 12/31/11 217,061.991 108,530.99
<br /> Totals-12/31/11 4,426,469.82 2,162,526.02
<br /> 6,588,995.84
<br /> 1
<br /> Expenses paid in 2012: 1
<br /> Sewer bond payment 100,000.00 Paid January 2012(payments of$100,000 due in each Jan&July until 2031)
<br /> 50,000.00 Paid January 2012(payments of$50,000 due in each Jan&July until 2031)
<br /> Totals 1/18/12 4,326,469.82 2,112,526.02
<br /> 6,438,995.84
<br /> Future Obligations
<br /> Sewer bond payment 100,000.00 50,000.00 Will be paid in July 2012(combined total of$300,000/yr until 2031)
<br /> TOA incentive-2011 133,796.00 Estimate by Umbaugh
<br /> TOA incentive-2012 139,553.00 Estimate by Umbaugh
<br /> Indy Tractor 100,000.00
<br /> ET Works 100,000.00
<br /> Appraisals 4,500.00
<br /> Bonds for Commissioners 525.00
<br /> Legal Fees 2,190.00 Based on 2011 payment
<br /> Umbaugh 4,950.00 4,950.00 Based on 2011 payment
<br /> 485,514.00 154,950.00
<br /> Total future obligations 640,464.00
<br /> Balances after obligations 3,840,955.82 1,957,576.02
<br /> Total after obligations 5,798,531.84
<br /> Tax distributions received in June and December-
<br /> June 2011-$997,759.15; December 20114828.341.24
<br /> for a total of$1,826,100.39
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