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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 Financing District No. 1- <br />6 are to be financed by tax increments and other sources if necessary. These estimated costs are as <br />follows: <br /> <br />TAX INCREMENT FINANCING DISTRICT NUMBER. 1-6 <br /> <br />Activitv <br /> <br />Estimated Cost <br /> <br />Site Acquisition <br />Site Improvements <br />Road Improvements <br />Engineering/Contingencies <br />Capitalized Interest <br />Administrative Expenses <br /> <br />$555,000 <br />o <br />o <br />o <br />$ 90,000 <br />$ 5.000 <br /> <br />$650,000 <br /> <br />Total Project-Wide Improvements <br /> <br />No public improvements will be made outside Tax Increment Financing District No. 1-6. <br /> <br />SUPPORTIVE DATA FOR ESTIMATED COSTS OF IMPROVEMENTS <br /> <br />ITEM <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/UNES/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 $650.000 in General Obligation Taxable Tax Increment Bonds <br />relating to this project. <br /> <br />-Page2- <br /> <br />.23 <br />