Full Text
Attachment 5.4 Estimated Annual Revenues and Costs for the Area 4 Urban Renewal Project Year 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Beginning Balance - $ - $ 13 $ 14 $ 2 $ 50 $ 58 $ 26 $ 2 $ 12,134 $ 4,215 $ Source of Funds Revenue Allocation - $ 104 $ 211 $ 320 $ 430 $ 543 $ 659 $ 776 $ 166,132 $ 167,081 $ 168,031 $ Inter-District Loan 5,000 $ 4,859 $ 4,715 $ 4,568 $ 4,418 $ 4,265 $ 4,109 $ 9,000 $ - $ - $ - $ Other - $ Total Funds Available 5,000 $ 4,963 $ 4,939 $ 4,902 $ 4,850 $ 4,858 $ 4,826 $ 9,802 $ 166,134 $ 179,215 $ 172,246 $ Use of Funds Street Improvements - $ - $ - $ - $ - $ - $ - $ - $ 120,000 $ 120,000 $ 120,000 $ Water System Improvements - $ - $ - $ - $ - $ - $ - $ - $ 10,000 $ 20,000 $ 15,000 $ Sewer System Improvements - $ - $ - $ - $ - $ - $ - $ - $ - $ 10,000 $ 10,000 $ Other Public Facilities - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Inter-district Loan Repayment - $ - $ - $ - $ - $ - $ - $ - $ 4,000 $ 5,000 $ 6,000 $ Admin / Prof. Services - $ - $ - $ - $ - $ - $ - $ - $ 10,000 $ 10,000 $ 10,000 $ Other Operating Costs 5,000 $ 4,950 $ 4,925 $ 4,900 $ 4,800 $ 4,800 $ 4,800 $ 9,800 $ 10,000 $ 10,000 $ 10,000 $ Total Use of Funds 5,000 $ 4,950 $ 4,925 $ 4,900 $ 4,800 $ 4,800 $ 4,800 $ 9,800 $ 154,000 $ 175,000 $ 171,000 $ Ending Balance - $ 13 $ 14 $ 2 $ 50 $ 58 $ 26 $ 2 $ 12,134 $ 4,215 $ 1,246 $ ---PAGE BREAK--- Attachment 5.4 Estimated Annual Revenues and Costs for the Area 4 Urban Renewal Project Year 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Total Beginning Balance 1,246 $ 4,231 $ 172 $ 72 $ 933 $ (242) $ 3,549 $ 3,310 $ 5,835 $ 162 $ 35,782 $ - $ Source of Funds - $ Revenue Allocation 170,900 $ 173,791 $ 174,761 $ 257,525 $ 259,327 $ 261,131 $ 2,485,334 $ Inter-District Loan - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 40,934 $ Other - $ Total Funds Available 171,072 $ 173,549 $ 178,310 $ 260,835 $ 265,162 $ 261,293 $ 2,562,050 $ Minus cumulative cash carryover (37,075) $ 2,524,975 $ Use of Funds Street Improvements 120,000 $ 120,000 $ 120,000 $ 130,000 $ 145,000 $ 140,000 $ 1,615,000 $ Water System Improvements 10,000 $ 18,000 $ 15,000 $ 15,000 $ 14,000 $ 15,000 $ 20,000 $ 50,000 $ 50,000 $ 50,000 $ 302,000 $ Sewer System Improvements 10,000 $ 10,000 $ 10,000 $ 10,000 $ 14,000 $ 15,000 $ 15,000 $ 55,000 $ 50,000 $ 50,000 $ 259,000 $ Other Public Facilities - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 2,176,000 $ Inter-district Loan Repayment 6,000 $ 6,000 $ 6,000 $ 6,000 $ 6,000 $ - $ - $ - $ - $ 45,000 $ Admin / Prof. Services 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 130,000 $ Other Operating Costs 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 173,975 $ Total Use of Funds 171,000 $ 170,000 $ 175,000 $ 255,000 $ 265,000 $ 260,000 $ 2,524,975 $ 348,975 $ Ending Balance 4,231 $ 172 $ 72 $ 933 $ (242) $ 3,549 $ 3,310 $ 5,835 $ 162 $ 1,293 $ 37,075 $ Assumes low scale investment at 10mm & $5mm over life of District Sewer System Investment @ $417K over life of District Admin and Operation Expense Assumes No New Private investment until Year 7 Assumes cash-flow Inter-District Loans until Private Investment provides District Income Inter-District Loan Repaid over 8 years at 3% interest Street System Investment @ $2.2mm over life of District Water System Investment @ $425K over life of District