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<br />f: \lotus \tif\gateway\meritex2
<br />
<br />Meritex
<br />
<br /> Total
<br />~ Square Feet
<br />Office 240,000
<br />SltowroPIU 282,600
<br />T ptal 522,600
<br />
<br />Per Square Foot
<br />Gross Net
<br />
<br />Taxes
<br />
<br />Increment
<br />
<br />Total
<br />Net Increment
<br />
<br />3,75
<br />2.70
<br />
<br />2.14
<br />1.54
<br />
<br />513,000
<br />434,300
<br />
<br />947,300
<br />
<br /> Increment
<br />Land Sales Value Square Feet Rate Net Increment Total
<br /> Phase I
<br />Phase I 1,045,440 office 0 2.14 0
<br />Phase II 1,742,400 Showropm 103,600 1.54 159,213 159,213
<br />Phase III 1,568,160 Phase II
<br />Phase IV 721,000 office 60,000 2,14 128,250
<br />Total 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 Acquistion Phase 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 Summury
<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 /> 2005 947,300 Land sales 4,424,751
<br /> 2006 947,300 Subtotal 1 I ,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;y;' pi' b~~\'i ?~7&$,019' , ":442475'1 : ' 4789 '62~ .
<br />,'" ~, , " " .f. ,~"
<br />District terminates in 2011 pay 2012
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