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<br />TWIN LAKES REDEVELOPMENT AREA
<br />-------.-...
<br />DEVELOPMENT AREAS 1 - 5 & 8
<br />__m_...._
<br />SOURCES & USES
<br />
<br />i i ! ! I Areas 1-5 & 8
<br />'-1 · '?QO% i City Admin Fees'~~____ i Housing Units r'-, ,~..,' ~ ~ ~~""~ 730_
<br />2, n'_ _J~50% j!n.f!~_t!on i ._._.__.__ Building Sq. Ft.ll'- 552,713
<br />3, _~____...___ ~___n____________~_____ Acres I I 80.5_
<br />
<br />SQ~~CES ,___. -------1____________________ I ..-~---- i _____ -- ~ -- -
<br />~",__UTI Re...,.f:3{Jnds i (125% coverage,_1% inflation) .__.___5.~0% ~.~---~~&?'8,007
<br />5j,..L~evenue N()!E:l. ~.. . i 7.00%"__:_____. 7,035,217
<br />6il-l~2:?,"-<!()us ~~P:_~':l.~_ejistrict (Rev. bonds; 120% cvg.; PV 6/05), 5.~g_!~L.i, ____ ___~&Q()_'-Q().O
<br />i '
<br />~:~~z;;~~~:t~~bl.mSp~~~~~~~t~R~~~t~~eC~~~iyTState I 7.00%~+__.. -"- -3,6~b:~~~'
<br />
<br />9iEnvironmental remediation grants - City 1 County 1 State 1 Met Council 1 Federal 3,000,000
<br />1 o Resale Value of Land'- [.--. i I 26,041,590
<br />I -~=-,;--~-"~"-""---"! --~~,- ----~---.-.---""--,---~--- i +----T".;;~_,;;;;-_-,;;,,;;;;.;;;;;;;;;;.;;;;;;;;;-,;;,-;;;;;;;;;;;;;;;;;;;;;;;;;;;;
<br />~~ .' .1-. ..---~ i'- - ~ j.-,---.---.
<br />11' iTOTAL SOURCES_____~.L i' 65,767,313
<br />.______,.--__________m_______'.'..._..___,___ t---,
<br />
<br />-~
<br />USES
<br />_____ _ ___ __ __ _m__'_,'__""'
<br />12~Clnej I Builejin.9..6cquisitioQ.<:IQd Relocation .__._
<br />13. Site Preparation (grading, demo, eng., soil correction)
<br />j~i_~Ite'Preparatioh__- Environmental. I
<br />_ 151 Lan<!~~C3ping and other pu~lic improvement costs
<br />16 I Streets (Twin Lakes Parkway, Off Site) I
<br />~,~ 17Jgontingency.L(Q% on acquisition;. 1 0% other co's'tsf .._..___:
<br />18, Costs of Issuance (% of T.1. Revenue Bonds)
<br />"~_~~~==-~--:--:--=-~~~~____==-_______. .1
<br />'TOTAL USES I
<br />~ ._---------.~-- -" .~~-I-~-- .-. ,~ -,-.~~,~.
<br />
<br />
<br />20 ,_~,.~Ll~-~pJS (DEFICIT)__...~.~=t=1 _.___._______ .---.-r
<br />:
<br />
<br />-.. .
<br />
<br />!
<br />
<br />---....--
<br />: 46,496,578
<br />-i"-"I--~'
<br />! 3,778,999
<br />i i - '--'7,'846,038-
<br />[_:_.. ....n ~~. ____.n
<br />~: 1, 750,999
<br />_.L__l_____3--'-2_~() ,449
<br />.. I 1,982,856
<br />'---'--'" ---------------..-...--
<br />2.50%. i 656,950
<br />:--t-~---------------------
<br />r'-".J-------------------
<br />! i 65,777,871
<br />
<br />.---..".~"-t
<br />
<br />19
<br />
<br />(10,557)
<br />
<br />Twin Lakes 18e.xls
<br />
<br />Prepared by Krass Monroe, P.A.
<br />
<br />9/9/2004
<br />
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