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<br />Subsection 2.7. Estimated Cost of Proiect. <br /> <br />The estimated costs of public improvements to be made within Tax Increment Rnandng District No. 1-7 <br />are to be financed by tax increments and other sources if necessary. These estimated costs are as <br />follows: <br /> <br />TAX INCREMENT FINANCING DISTRIcr NUMBER. 1-7 <br /> <br />Activity <br /> <br />Estimated COst <br /> <br />Developer Assistance (pay-as-you-go) <br />Site Improvements <br />Road Improvements <br />Engineering/COntingencies <br />Capitalized Interest <br />Administrative Expenses <br /> <br />Total Project-Wide Improvements <br /> <br />$225,000 <br />o <br />o <br />o <br />o <br />$ 30.000 <br /> <br />$255,000 <br /> <br />No public improvements will be made outside Tax Increment Rnandng District No. 1-7. <br /> <br />SUPPORTIVE DATA FOR ESTlMATED COSTS OF IMPROVEMENTS <br /> <br />II:e1 <br /> <br />BASIS FOR ESTIMATES <br /> <br />GRADING AND SITE PREPARATION <br /> <br />EstImates by City staff, consultants <br />and developer <br /> <br />PUBliC IMPROVEMENTS/UTIUTIES <br /> <br />EstImates by City staff, consultants <br />and developer <br /> <br />FIRE WATER/PONDS/liNES/PUMPS <br /> <br />EstImates by City staff, consultants <br />and developer <br /> <br />ROAD IMPROVEMENTS <br /> <br />Estimates by CIty staff, consultants <br />and developer <br /> <br />ADMINISTRATION <br /> <br />Approximately 10% of tax Increment <br />expenditures allowed for local . <br />administration including bond <br />Issuance costs and planning <br /> <br />Subsection 2.8. Estimated Amount of Bonded Indebtedness. <br /> <br />The CIty is anticipating the Issuance of .$Q In General Obligation Taxable Tax Increment Bonds relating <br />to this project. The Oty does antldpateenterlng Into a revenue note with developer for $225,000. <br /> <br />- Page 2 - <br /> <br />49 <br /> <br />-- -- - -- --------- - ~--- - -------- <br />