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<br />f: \lotus \tif\glltewlly\meritex2 Meritex
<br /> Per Sauare ~
<br /> Total Gross Net Total
<br />1:12 Souare Feet !Me Increment Net Increment
<br />Office 240,000 3,75 2.14 513,000
<br />Showroom 282,600 2,70 1.54 434,300
<br />Total 522,600 947,300
<br />
<br /> Incremcot
<br />Land Sales Ym Square Feet &!!! Net InClement Total
<br /> Phase I
<br />Phase I 1,045,440 office 0 2.14 0
<br />Phase II 1,742,400 Showroom JO.3,600 l.54 J59,213 159,213
<br />Phase III 1,568,160 Phase II
<br />Phase IV 721,000 office 60,000 2,14 128,250
<br />Tota.! 5,077,000 Showroom 96,600 1.54 148,455 276,705
<br /> Phase III
<br /> office 60,000 2.14 128,250
<br /> Showroom 82,400 1.54 126,632 254,882
<br />Year Increment Land Sales Land A~ui9tion Pbase IV
<br /> office 120,000 2.14 256,500 256,500
<br /> 1996 0 1,045.440 5,077,000 Showroom 0
<br /> 1997 0 1,742,400
<br /> 1998 127,370 1,568,160 Total 522,600 947,300
<br /> 1999 380,577 721,000
<br /> 2000 639,824 Summary
<br /> 2001 896,000 Present Value Basis
<br /> 2002 947,300
<br /> 2003 947,300 Cash Inflows
<br /> 2004 947,300 Increment 6,785,079
<br /> 200S 947,300 Land seJes 4,424,751
<br /> 2006 947,300 Subtotal 11,209,830
<br /> 2007 947,300 Cash Outflows
<br /> 2008 947,300 Land Costs 4,789,623
<br /> 2009 947,300 Increment less 10 6,106,572
<br /> 2010 947,300 Subtotal 10,896,194
<br /> 2011 947,300 Net City benefit 313,636
<br /> 2012 947,300
<br />P.V. of Cash 6,785,079 4,424,751 4,789,623
<br />District terminates in 201 I pay 2012
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