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<br />f: \lotus\tif\gateway\everest2
<br />
<br />Everest
<br />
<br />Iw
<br />
<br />Total
<br />SQuare Feet
<br />
<br />Per SQuare Foot
<br />Gross Net
<br />
<br />ToW
<br />
<br />Taxes
<br />
<br />Increment Net Increment
<br />
<br />Office
<br />Showroom
<br />
<br />97,600
<br />390,400
<br />
<br />3.75
<br />2.70
<br />
<br />2.12 207,000
<br />1.52 594,648
<br />
<br />488,000
<br />
<br />801,648
<br />
<br />Total
<br />
<br /> Increment
<br />Land SII1e9 VlI1ue SQuare Feet Rate Net Increment Total
<br /> Phase I
<br />Phase I 370,260 114 of land @ $1 office 24,400 2.12 51,750
<br />Phase II 370,260 1/4 of land @ $1 Showroom 97,600 1.52 148,662 200,412
<br />Phase III 370,260 1/4 of land @ $1 Phase II
<br />Phase IV 370,260 1/4 ofland @ $1 office 24,400 2.12 51,750
<br />Total 1,481,040 Showroom 97,600 1.52 148,662 200,412
<br /> Phase III
<br /> office 24,400 2.12 51,750
<br /> Showroom 97,600 1.52 148,662 200,412
<br />Year Increment Land SlI1es Land AeclUistion Phuse IV
<br /> office 24,400 2.12 51,750
<br /> 1996 0 370,260 5,777,000 Showroom 97,600 1.52 148,662 200,412
<br /> 1997 0 370,260
<br /> 1998 160,330 370,260 ToW 488,000 801,648
<br /> 1999 360,742 370,260
<br /> 2000 561,154 Summary
<br /> 2001 761,566 Present Value Basis
<br /> 2002 801,648
<br /> 2003 801,648 ClISh Inflows
<br /> 2004 801,648 Increment 5,833,668
<br /> 2005 801,648 Lund sales 1,282,990
<br /> 2006 801,648 Subtotlll 7,116,658
<br /> 2007 801,648 ClISh Outflows
<br /> 2008 801,648 Land Costs 5,450,000
<br /> 2009 801,648
<br /> 2010 801,648
<br /> 2011 801,648 Net City benefit 1,666,658
<br /> 2012 801,648
<br />P.V. of:Cush, 5.~833~668 ,1,282)990 5,450,QOO
<br />District termination in 2011 pay 2012
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