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MOORESVILLE (INDIANA) REDEVELOPMENT <br /> COMMISSION <br /> <br /> SUMMARY OF ALLOCATION AREAS <br /> <br />Redevelopment Allocation Area No. 1 (Base year: 1990 payable 1991) <br />(Includes downtown area, apartments, Woods Wire, Nice-pak, TOA, Southbridge) <br /> <br /> Total <br />Tax Increment Info <br /> Estimated 2003 TIF distribution ~ $591,000 <br /> Estimated TIF Balance as of 01/16/04 $1,176,614 <br /> <br />Outstanding Obligations <br /> 1992 Lease Rental Revenue Bonds <br /> Outstanding principal $405,000 <br /> payment ($123,000)f <br /> Annual <br /> lease <br /> TOA Obligation <br /> Estimated total obligation r~0k $1,230,600 <br /> Approximate annual obligation ($150,000) <br /> <br /> Annual Obligations ($273,000) <br />Estimated TIF Surplus $318,000 <br /> <br />Redevelopment Allocation Area No. 2 (Base year: 1993 payable 1994) <br />Redevelopment Allocation Area No. 2 Expanded (Base year: 2000 payable 2001) <br />(Includes Flagstaff Business Park, General Shale, Ambassador Steel, Carter Family) <br /> <br />Tax Increment Info <br /> Estimated 2003 TIF distribution $156,200 <br /> <br /> Estimated TIF Balance as of 02/02/04 $293,457 <br /> <br />Outstanding Obligations <br /> Tax Increment Revenue Bonds of 1997 (Molex) <br /> Outstanding principal $145,000 <br /> Annual debt payments ($29,150) <br /> <br />Estimated TIF Surplus $127,050 <br /> <br /> PRELIMINARY DRAFT <br /> For Review and Discussion <br /> Prepared by: H.J. Umbaugh & Associates <br /> December 9, 2003 <br /> <br /> 1 <br /> <br /> <br />