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MOORESVILLE REDEVELOPMENT COMMISSION
<br /> (INDIANA)
<br />
<br /> Allocation Area No. 1
<br />
<br /> ESTIMATED TAX INCREMENT CASH FLOW
<br />
<br /> Estimated DISBURSEMENTS- TOA PROJECT (2) Outstanding
<br /> Payable Tax Reimburse Real Property Lease Rental TOTAL TIF Revenue Cumulative
<br /> Year Inc~ment Training for Equip. Tax Rebec Revenue Bonds Disbursements Remaining Balance
<br /> (1) (3)
<br /> $858,614 (4)
<br /> 2003 $591,000 $50,000 (5) $100,000 (5) $123,000 (6) $273,000 $318,000 1,176,614
<br />
<br /> 2004 476,590 50,000 150,000 123,000 323,000 153,590 1,330,204
<br /> 2005 505,290 150,000,/ 123,000 273,000 232,290 1,562,494
<br />
<br /> 2006 533,980 150,000 v/ ~ 123,000 273,000 260,980 1,823,474
<br /> 2007 558,870 ~ 82,948 475,922 2,299,396
<br /> 2008 575,460 99,538 475,922 2,775,318
<br />
<br /> 2009 592,050 11~,128 116,128 475,922 3,251,240
<br /> 2010 608,640 132,Y~17 132,717 475,923 3,727,162
<br /> 2011 625,230 14%307 149,307 475,923 4,203,085'
<br />
<br /> Totals $5,067,110 $100,000 $550,000 $580,639 $492,000 $1,722,639 $3,344,471
<br />
<br />(1) Refer to page 4.
<br />(2) Per Memorandum of Understanding dated June 23, 2000.
<br />(3) Outstanding Lease Rental Revenue Bonds dated July I, 1992. (Refer to page 5)
<br />(4) Cash balance prior to 2003 TIF distribution and TOA disbursements, includes interest of $47,352. The spring TIF distribution of $345,781
<br /> was received on October 9, 2003.
<br />(5) All training expenses and equipment reimbursements to TOA have been paid for the 2003 calendar year, per Town Officials.
<br />(6) The August 1, 2003 payment of $61,500 was paid with funds on hand.
<br />
<br /> PRELIMINARY DRAFT
<br /> For Review and Discussion
<br /> Prepared by: H.J. Umbaugh & Associates
<br /> December 9, 2003
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