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<br />~ <br />~HILLS <br /> <br />2008 PROPOSED BUDGET - SUMMARY BY DEPT. <br /> <br />Fund: EDA TIF #2 - 704 <br />Department Name: TIF District # 2 - Round Lake - 47307 <br /> <br />2007 Budl!et: $284,625 <br /> <br />2008 Proposed Budl!et: $283,600 <br /> <br />DepartmentaIOverview/Summarv: <br />TIF District No.2, Round Lake Office, was established as a twenty- five year <br />Redevelopment Development District on June 29," 1989. This district is located on the <br />northeast quadrant of the I-35W/I-694.intersection. <br />Improvements for this district were funded with the issuance of $3,1 00,000 General <br />Obligation Tax Increment Bond on March 1, 1998. Debt Service Fund No. 325 was <br />created to track repayment of the bond principal and interest. <br />An inter-fund loan from PIR fund No. 501 was needed for the acquisition ofthe <br />Indykiewicz property. <br /> <br />Financial Overview - 2008 <br /> <br />2008 <br />T1F #2 Round lake <br /> <br />Other Services & <br />Charges. $3,450, <br />1% <br /> <br />Materia/s&Sl..pplies. <br />$0,0% <br /> <br />Personal $ervices, $0. <br />0% <br /> <br /> <br />TralSfers. $280,150, <br />99% <br /> <br />Sil!nificant Chanl!es from Prior Year: <br />None; <br /> <br />96 <br /> <br />