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Last modified
2/20/2024 9:50:13 AM
Creation date
2/20/2024 9:37:26 AM
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Planning Files
Planning Files - Planning File #
1730
Planning Files - Type
Miscellaneous
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.'e <br />ATTACHMENT I <br />SU14MARY OF <br />BOND ISSUE <br />The City's total bond issue will <br />include <br />be $29,500 ,000. The means of <br />a pooling of the tax increments <br />retiring the bonds will <br />from all the active projects, and utilization of MSA <br />funds. What <br />follows is a listing of the respective projects and their <br />proposed tax increment costs: <br />Developer <br />City <br />Project Total <br />Assistance <br />Improvements <br />$8,200,000 <br />B-2 Bridge $8,200,000 <br />9,000,000 <br />$5,500,000 <br />3,500,000 <br />Woodbridge <br />Rosepointe 350,000 <br />300,000 <br />50,000 <br />50,000 <br />Lido Italian 200,000 <br />150,000 <br />Ristorante <br />Berger Transfer 700,000 <br />250,000 <br />450,000 <br />& Storage <br />Rosedale Corp. 3,500,000 <br />3,000,000 <br />500,000 <br />Plaza `' <br />Villa Park 250,000 <br />250,000 <br />$9,450,000 <br />_ _ <br />s12,75U,000 <br />522,200,000* <br />The bond issue, which is constructed <br />very conservatively, <br />The bond issue does <br />will <br />cash flow <br />run approximately twenty years. <br />and maintains fund balances in <br />excess of s1 million <br />throughout <br />its life. <br />*The difference between the two figures is represented in capitalized <br />interest cost, bond issues expense, etc. <br />
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