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MOORESVILLE TIF DISTRICT <br />A. Name of TIF District: Consolidated Mooresville Economic Development Area Allocation <br />Area <br />B. TIF Revenues Expected to be Collected in 2024: $3,478,610.00 <br />C. Projected Expenditures in 2024: <br />1. Bond principal and interest: $934.513.75 <br />Lease Payment: $312.789.50 <br />2. Other Expenditures: <br />a. Amount: $700.000 <br />Description: Professional Services <br />b. Amount: $500.000 <br />Description: Infrastructure <br />c. Amount: $250,000 <br />Description: Economic Development Projects <br />d. Amount: $500,000 <br />Description: Redevelopment Projects <br />Total Projected Expenditures (the sum of 1, 2 and 3): $3,197,303.25 <br />D. Percentage: 108 % (Calculate as B divided by C, times 100) <br />E. IF the percentage in Item D is greater than 200°/x, does the Redevelopment <br />Commission propose to pass through to underlying taxing units part or all of the <br />portion of the captured assessed value generating the excess 2024 TIF revenues over <br />200%? <br />NO: X <br />YES If yes, amount of Captured Assessed Value to be Passed through for <br />2024: <br />DMS 22812838x1 <br />