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MOORESVILLE (INDIANA) REDEVELOPMENT COMMISSION
<br />
<br /> Allocation Area No. 2 & Expanded Area No. 2
<br /> ESTIMATED TAX INCREMENT CASH FLOW
<br />
<br /> Estimated
<br /> Payable Tax 1997 TIF Revenue Cumulative
<br /> Year Increment Bonds Remaining Balance
<br /> (1) (2)
<br /> $166,407 (3)
<br /> 2003 $156,200 $2%150 $127,050 293,457
<br /> 2004 182,040 37,778 144,263 437,719
<br /> 2005 212,440 45,795 166,645 604,364
<br /> 2006 235,970 43,355 192,615 796,979
<br /> 2007 259,450 25,763 233,688 1,030,667
<br /> 2008 280,690 280,690 1,311,357
<br /> 2009 300,140 300,140 1,611,497
<br /> 2010 310,320 310,320 1,921,817
<br /> 2011 320,440 320,440 2,242,257
<br />
<br /> Totals $2,257,690 $181,840 $2,075,850
<br />
<br /> (1) Refer to page 9.
<br /> (2) Outstanding Tax Increment Revenue Bonds of 1997. (Refer to page 10.)
<br /> (3) Cash balance prior to 2003 distribution, includes interest of $11,107. The
<br /> spring distributions of $76,873 and $2,206 were received on October 9, 2003.
<br />
<br /> PRELIMINARY DRAFT
<br /> For Review and Discussion
<br /> Prepared by: H.J. Umbaugh & Associates
<br /> December 9, 2003
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