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<br />f: \lotus\tif\gatewlly\opus2
<br />
<br />Opus
<br />
<br /> Total
<br />~ Square Feet
<br />Office 232,400
<br />Showroom 148,000
<br />Total 380,400
<br />
<br />Per Square Foot
<br />Gross Net
<br />
<br />Total
<br />
<br />TaxCli
<br />
<br />Increment Net Increment
<br />
<br />3.75
<br />2.70
<br />
<br />2.13 495,900
<br />1.46 216,360
<br />
<br />712,260
<br />
<br />Mimium Increment
<br />Land SalCli Value Square Feet Rate Net Increment Total
<br /> Phase I
<br />Phase I 653,400 10 acres @ 1,50 office 26,000 2.13 55,479
<br />Phnse II 435,600 10 acres @ 1 Showroom 39,000 1.46 57,014 112,493
<br />Phnse III 609,840 14 acres @ 1 Phase II
<br />Phase IV office 101,200 2.13 215,943
<br />Total 1,698,840 Showroom 39,000 1.46 57,014 272,956
<br /> Phase III
<br /> office 30,000 2.13 64,015
<br /> Mimium Showroom 70,000 1.46 102,332 166,347
<br />Year Increment Land Sales Land Acquistion Phase IV
<br /> office 75,200 2.13 160,463 160,463
<br /> 1996 0 653,400 5,294,800 Showroom
<br /> 1997 0 435,600
<br /> 1998 89,995 609,840 Totnl 380,400 712,260
<br /> 1999 330,858
<br /> 2000 518,527 Summary
<br /> 2001 680,167 Present Value Basis
<br /> 2002 712,260
<br /> 2003 712,260 Cash Inflows
<br /> 2004 712,260 Increment 5,164,716
<br /> 2005 712,260 Land smes 1,516,131
<br /> 2006 712,260 Subtotal 6,680,847
<br /> 2007 712,260 Cash Outflows
<br /> 2008 712,260 Land Costs 4,995,094
<br /> 2009 712,260
<br /> 2010 712,260
<br /> 2011 712,260 Net City benefit 1,685,753
<br /> 2012 712,260
<br />P>~."of CMlf ,S,l64:/H~ . ' ,1.516~t31, ' ,4~995;094 '
<br /> District termination in 2011 pay 2012
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