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<br />~ <br />~HILLS <br /> <br />2008 PROPOSED BUDGET - SUMMARY BY DEPT. <br /> <br />Fund: EDA TIF #2 - 704 <br />m;ciJ~meni'Name: . TIF District # 2 HltU'fldEa:1ce ;,d/13fJ/7 <br /> <br />".".''''0'''''-'':-::': <br />",. ':'::::';V@~~~]:f=k:: <br /> <br />2007 Budl!et: $284,625 <br /> <br />2008 Proposed Budl!et: $283,600 <br /> <br />De~minentaIOY<crvjew/S.ummarv: .. \ >.;":;~: <br />1;lF District No.2, Round Lake Office, was established aSa twenty-five~ear.,.o'< ,",..;,.,.' <br />Red~eIClpmei:Jt Development District Cln June 29, 1989. TIlls district is focate(J;otf:th~'. ': <br />noTiliea.st qUllllr.ant of the 1-35W/I-694intersectlDn. . . . <br />IinproveIilentsfor this district were funded with the issuance of;$3;l00;OOOGeneJ:af . <br />Obligation :tax Increment Bond on March 1, 1998. Debt Service Fwd No. 32~Wl!S; . <br />created to track repayment of the bond principal and interest. . <br />An inter-fund loan from PIR fund No. 501 was needed f~r the acquisition of the <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 />"" <br /> <br />Malerials& Sl.pplles. <br />$0,0% <br /> <br /> <br />Personal Services, $0, <br />0% <br /> <br /> <br />Transfers, $280,150, <br />99% <br /> <br />Sillnmcant Cbauees from Prior Year: <br />None. <br /> <br />92 <br />