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<br />EXHIBIT IV - Projected Tax Increment Cash Flow <br /> <br />NORTH lANOO SECU RI n E~ <br /> <br />c:- <br /> <br />City of Centervllle <br />Tax Increment Financing (Redevelopment) District <br />Townhome Project - 15 year <br /> <br /> Less: Less: Retained Annual Less: Less: Less: <br />Annual Improved Base Fiscal Captured Gross Tax State Admin. Additional Annual <br />Period Net Tax Net Tax Disp.@ Net Tax Increment Aud. Ded. Retainage Sharing Net <br />Ending Capacity Capacity 0.00% Capacity 134.366% 0.36% 10.00% 20.00% Revenue <br />12111/2005 55,238 55,238 0 0 0 0 0 0 0 <br />12/31/2006 18,060 55,238 0 0 0 0 0 0 0 <br />12/3112007 101,760 55,238 0 46,522 62,510 225 6,229 12,457 43,599 <br />12/31/2008 179,760 55,238 0 124,522 167,315 602 16,671 33,343 116,699 <br />12/31/2009 204,480 55,238 0 149,242 200,531 722 19,981 39,962 139,866 <br />12131/2010 204,480 55,238 0 149,242 200,531 722 19,981 39,962 139,866 <br />12/31/2011 204,480 55,238 0 149,242 200,531 722 19,981 39,962 139,866 <br />12/31/2012 204,480 55,238 0 149,242 200,531 722 19,981 39,962 139,866 <br />12131/2013 204,480 55,238 0 149,242 200,531 722 19,981 39,962 139,866 <br />12131/2014 204,480 55,238 0 149,242 200,531 722 19,981 39,962 139,866 <br />12/31/2015 204,480 55,238 0 149,242 200,531 722 19,981 39,962 139,866 <br />12131/2016 204,480 55,238 0 149,242 200,531 722 19,981 39,962 139,866 <br />12/31/2017 204,480 55,238 0 149,242 200,531 722 19,981 39,962 139,866 <br />12131/2018 204,480 55,238 0 149,242 200,531 722 19,981 39,962 139,866 <br />12/3112019 204,480 55,238 0 149,242 200,531 722 19,981 39,962 139,866 <br />12/31/2020 204,480 55,238 0 149,242 200,531 722 19,981 39,962 139,866 <br />12/31/2021 204,480 55,238 0 149,242 200,531 722 19,981 39,962 139,866 <br />12/31/2022 204,480 204,480 0 0 0 0 0 0 _.--2 <br /> 2,836,728 10,213 282,653 565,306 1,978,556 <br /> <br />Prepared by: Northland Securities - 5/10/2004 10:42 AM <br /> <br />TIF 1 - TaxlncAnn <br />