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MOORESVILLE (INDIANA) REDEVELOPMENT COMMISSION <br /> <br /> Allocation Area No. 2 & ExpandedArea No. 2 <br /> <br /> ESTIMATED TAX INCREMENT REVENUE AND <br /> ASSESSED VALUE AVAILABLE FOR PASS-THROUGH <br /> <br /> I. Estimated Tax Increment Available for Pass-Through: <br /> Estimated <br /> Estimated Tax Increment <br /> Tax Outstanding Available for <br /> Year Increment (1) Obligations (2) Coverage Pass-Through <br /> (200%) <br /> 2005 $212,440 $45,795 $91,600 $120,840 <br /> 2006 235,970 43,355 86,700 149,270 <br /> 2007 259,450 25,763 51,500 207,950 <br /> 2008 280,690 280,690 <br /> 2009 300,140 300,140 <br /> 2010 310,320 310,320 <br /> 2011 320,440 320,440 <br /> <br /> II. Estimated Assessed Value Available for Pass-Through: <br /> <br /> Estimated Assessed <br />~._ Tax Increment Value <br /> Available for Net Available for <br /> Year Pass-Through Tax Rate (3) Pass-Through <br /> <br /> 2005 $120,840 $1.6195 $7,461,650 <br /> 2006 149,270 1.6195 9,217,150 <br /> 2007 207,950 1.6195 12,840,540 <br /> 2008 280,690 1.6195 17,332,100 <br /> 2009 300,140 1.6195 18,533,100 <br /> 2010 310,320 1.6195 19,161,700 <br /> 2011 320,440 1.6195 19,786,590 <br /> <br /> (1) Refer to page 9. <br /> (2) Refer to page 8. <br /> (3) Net tax rate based on 2003 gross tax rate of $2.1723 less the state property <br /> tax replacement credit for real property of .254484 for the Town of Mooresville. <br /> <br /> PRELIMINARY DRAFT <br /> For Review and Discussion <br /> Prepared by: H.J. Umbaugh & Associates <br /> December 9, 2003 <br /> <br /> <br />