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<br />
<br />TWIN LAKES REDEVELOPMENT AREA
<br />SOURCES & USES and GAP STRATEGIES
<br />I II I I +1 Areas 1-5 & 8
<br />-----~~----..--~------l.---- - _IHOUSTr;gU~' 595
<br />---'-----...J------------r-- . - -.J~
<br />~t~ i Building Sq. Ft. I_II 660,000
<br />____ ~~------~II--~Acres I 73.9
<br />
<br />I I I I
<br />
<br />-SOURCES I -
<br />--ITI Bonds -l 7.00010 21,407,849
<br />TI Revenue Note 7.00010 XXXXXXXXXXXX
<br />IGrants - Other 0
<br />
<br />
<br />
<br />
<br />~:~:c:~~nBUilding Acquisition F------tl 4~:~~~:~~~
<br />
<br />Site Preparation (grading, demo, eng., soil correction) 6,774,058
<br />Site Preparation - Environmental 7,983,768
<br />Landscaping (TLP); Langton Lake improvements 1,750,000
<br />Streets (Twin Lks Pkwy, Off Site) 4,645,281
<br />Contingency 10.00010 6,724,890
<br />Costs of Issuance (0/0 of T.I. Bonds) I 0.000/0 0
<br />
<br />~~-----~-~---~~----
<br />
<br />TOTAL USES
<br />
<br />(DEFICIT) I
<br />
<br />Individual Gap Strategies *
<br />1 Twin Lakes Parkway issues
<br />2 Special Assessments (20 yrs, PV 5.5010)
<br />-
<br />
<br />3 Reduce Contingencies
<br />4 IReduce City Admin Fees (7.5010 - 2.5010) I
<br />5 Off-site road improvements pd by State/County I
<br />6 IObtain Environmental remediation grants
<br />7 Issue G.O. Bonds (interest rate 6.0010 - 5.00/0)
<br />8 Higher resale land values; lot finishing issues
<br />9 I Hazardous Substance Subdistrict
<br />10 Fiscal Disparities Outside District (13 or 25 yrs)
<br />11 Revenue Note from inflation & coverage
<br />12 Combination of 4, 7 & 10 (Compound effect)
<br />
<br />Range
<br />o -
<br />o -
<br />o -I
<br />741,149 I -I
<br />
<br />---4
<br />o -I
<br />o -
<br />1,940,529 -
<br />o -
<br />3,000,000 -
<br />2,505,649 -
<br />5,273,511 --1
<br />541,533
<br />
<br />TOTAL
<br />
<br />14,002,371 i
<br />
<br />Twin Lakes 17b.xls
<br />
<br />Prepared by Krass Monroe, P.A.
<br />
<br />73,973,794
<br />
<br />--
<br />I (26,095,145)
<br />o
<br />
<br />5,500,000
<br />3,972,887
<br />6,724,890
<br />2,223,446
<br />2,388,870
<br />3,000,000
<br />4,831,084
<br />?
<br />6,000,000
<br />4,149,123
<br />5,273,511
<br />1,088,508
<br />
<br />45,152,319
<br />
<br />7/14/2004
<br />
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