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City of Centerville 12/5/2018 <br /> EDA Meeting <br /> r./m/l/F <br /> �ii�ii%// <br /> • Allow for a project to proceed that would <br /> otherwise not be feasible as proposed without <br /> the use of TIF <br /> — Finance public improvements necessary to facilitate <br /> private development (public parking, streets, utilities) <br /> — Reimburse developer for certain eligible project costs <br /> (land acquisition, utilities, site improvements) <br /> — Reimburse developer for cost of constructing qualified <br /> (affordable) housing <br /> — Pay-Go versus Up-Front (bonding) assistance <br /> Reimburse of administrative costs <br /> { T� <br /> Total <br /> Estimated Tax Increment Revenues(from tax increment generated by the district) <br /> Tax Irvaement revenues clistr,l,led from the cnunty $183,516 <br /> m�reat and lnuesrn,ent eaenings $o <br /> Sales/lesse proezeds $6�0,009 <br /> Market value 1--tend credit $0 <br /> Total Estimated Tax Ineseme nt.Revenues $243,516 <br /> Estimated Project/Financing Costs(to be paid or financed with.tatt increment) <br /> Praje.costs <br /> Land/building acquisition $155,009 <br /> Site improvements,/Pvepara,Non msts $50,009 <br /> Utilities $0 <br /> other qua11(yRng improvements $1D,009 <br /> Cnnsteuctian of affordable hoosiang $9 <br /> Small city auth.-ed-t,if not already-Wl d above $0 <br /> Ad.r,istrative mets $5,809 <br /> Estimated Tax Increment Project Costs $221,809 <br /> Estimated k' -g costs <br /> Interest expense $21,716 <br /> (]jU� Total Est mated PrajectJFinancing Casts to be Paid from Tax Increment $243,516 <br /> Estimated Fin ancng <br /> // Total amount of bunds to be issued $221,809 <br /> gN r„ <br /> 43 4 <br />