Loading...
HomeMy WebLinkAbout021815 Financial Packet CA R M E L R E D E V E L O P M E N T C O M M I S S I O N Fi n a n c i a l I n f o r m a t i o n P a c k e t Fo r t h e M o n t h E n d i n g J a n u a r y 3 1 , 2 0 1 5 Sc h e d u l e Se c t i o n Sc h e d u l e 1 - A n n u a l B u d g e t S u m m a r y U p d a t e 1 Re v e n u e B u d g e t A n a l y s i s 1A Ex p e n d i t u r e B u d g e t A n a l y s i s 1B Su m m a r y o f C a s h a n d C a s h R i g h t s 1C Fu n d B a l a n c e s a n d O u t s t a n d i n g R e c e i v a b l e s 1D Sc h e d u l e 2 - D e b t S u m m a r y 2 Ad d i t i o n a l I n f o r m a t i o n 2A De v e l o p e r B o n d s 2B Ap p e n d i x A - A n a l y s i s o f T I F C o l l e c t i o n s An a l y s i s o f A c t u a l 2 0 1 4 T I F C o l l e c t i o n s A- 1 An a l y s i s o f 2 0 1 4 T I F C o l l e c t i o n s a n d D i s b u r s e m e n t s A- 2 Ca r m e l R e d e v e l o p m e n t C o m m i s s i o n Fi n a n c i a l P a c k e t Ta b l e o f C o n t e n t s Carmel Redevelopment Commission Annual Budget Summary Update as of 1/31/15 Reference B C D E F Reference 1 Actual PROJECTED 1 2 January February Total % Complete 2015 Budget 2 3 Projections 3 4 BEGINNING BALANCE WITHOUT RESTRICTED FUNDS $5,030,468 $4,898,231 4 5 5 6 RESTRICTED FUNDS BALANCE 6 7 Energy Center Consumption Reserve Balance 500,000 500,000 500,000 7 8 Interest for Energy Center Consumption Reserve 1,801 1,801 1,801 8 9 Civic Rent Reserve Balance 800,000 800,000 800,000 9 10 Interest for Civic Rent Reserve 1,935 1,935 1,935 10 11 Supplemental Reserve Fund Balance 2,526,168 2,526,168 4,453,988 11 12 Interest for Supplemental Reserve Fund 470 470 470 12 13 Total Restricted Funds Balance 3,830,374 3,830,374 5,758,194 13 14 14 15 BEGINNING BALANCE WITH RESTRICTED FUNDS 8,860,842 8,728,604 15 16 16 17 TRANSFERS FROM RESTRICTED FUNDS 17 18 Transfer from Energy Center Consumption Reserve 18 19 Transfer from Civic Rent Reserve 19 20 Total Transfers From Restricted Funds 20 21 21 22 RECEIPTS - TIF 22 23 Interest 4 4 23 24 Net Increment 18,029,910 24 25TIF Revenue, Net of Developer Pass Through 9,908 18,039,818 0%18,029,91025 26 Certificates of Participation, Series 2010C 0 (1,363,619) 0%(1,363,619)28 27 Illinois Street Bond 0 (913,169) 0%(913,169)29 28 2013 Illinois Street Bond 0 (220,025) 0%(220,025)30 29 2005 and 2014 PAC Lease 0 (5,653,000) 0%(5,653,000)31 30 2012 Lease 0 (9,962,000) 0%(9,962,000)32 31 Net Increment after Debt Service and Developer Pass Through 9,912 - (71,991) -12%(81,903)33 32 TOTAL RECEIPTS - TIF 9,912 - (71,991)-12%(81,903) 34 33 35 34 RECEIPTS - NON TIF 36 35 Interest 394 394 37 36 Energy Consumption Payments 26,922 26,922 323,060 8%323,060 38 37 REI Energy Payments (2015)20,923 10,462 136,000 17%125,538 39 38 4CDC Grants 0 400,000 0%400,000 40 39 Civic Rent 0 250,000 0%250,000 41 40 Keystone Group, LLC Receivable (Bond Enhancement) 2014 0 190,092 190,092 0%0 42 41 Keystone Group, LLC Receivable (Bond Enhancement) 2015 0 200,000 0%200,000 43 42 Sale of Real Property 0 0 0%44 43 Miscellaneous Receipts 15,963 15,963 0%0 45 44 TOTAL RECEIPTS - NON TIF 64,202 227,475 1,515,509 5%1,298,598 46 45 TOTAL RECEIPTS 74,114 227,475 1,443,518 1,216,695 47 46 48 47 EXPENDITURES - TIF 49 48 Project Professional Fees 50 49 Legal Fees 96,042 8,013 588,000 16%588,000 51 50 Architecture/Engineering Fees 0 10,000 0%10,000 52 51 Accounting Fees 6,170 963 31,450 20%31,450 53 52 Miscellaneous Professional Fees 0 30,000 0%30,000 54 53 Construction 55 54 Mezz Building Site Construction 0 334,306 0%334,306 56 55 Mezz Utility Relocation 0 250,000 0%250,000 57 56 Nash Streetscape 0 48,335 0%48,335 58 57 Capital Improvement Projects 0 1,000,000 0%1,000,000 59 58 Bond and Trustee Fees 950 22,922 4%22,922 60 59 Transfer to Supplemental Reserve Fund (Savings not transferred in 2015 as per RDA)- 0%61 60 TOTAL EXPENDITURES - TIF 103,162 8,975 2,315,013 4%2,315,013 62 61 63 62 EXPENDITURES - NON TIF 64 63 Village Financial Secondary IPC 61,337 141,291 77%79,954 26 64 2006 COIT Refunding Bond 0 959,243 0%959,243 27 65 Reimbursement of Actual Expenditures for Redevelopment Department 41,852 566,517 8%524,665 65 66 Sophia Square Garage Expenses 0 300,000 0%300,000 66 67 Miscellaneous Expenditures 0 10,000 0%10,000 67 68 TOTAL EXPENDITURES - NON TIF 103,189 0 1,977,051 6%1,873,862 68 69 TOTAL EXPENDITURES 206,351 8,975 4,292,064 5%4,188,875 69 70 70 71 ENDING BALANCE WITHOUT RESTRICTED FUNDS 4,898,231 5,116,731 2,181,922 $2,058,289 71 72 ENDING BALANCE WITH RESTRICTED FUNDS $8,728,605 $8,947,105 $7,940,116 72 A -1- Ca r m e l R e d e v e l o p m e n t C o m m i s s i o n Mo n t h a n d Y e a r t o D a t e R e v e n u e B u d g e t A n a l y s i s Fo r t h e M o n t h E n d i n g J a n u a r y 3 1 , 2 0 1 5 Re f e r e n c e B C D E F G HIReference 1 1 2 Co m m e n t s 2 3 Bu d g e t Ac t u a l $ V a r i a n c e Pr o p o s e d YT D $ Remaining% YTD Recognized 3 4 RE C E I P T S - T I F 4 5 In t e r e s t $0 $4 $4 $0 $4($4)0.00%5 6 T I F R e v e n u e , N e t o f D e v e l o p e r P a s s T h r o u g h 0 9 , 9 0 8 9 , 9 0 8 Th i s w a s n o t a n t i c i p a t e d t o b e r e c e i v e d un t i l F e b r u a r y 18 , 0 2 9 , 9 1 0 9 , 9 0 8 1 8 , 0 2 0 , 0 0 2 0 . 0 5 % 6 7 CO P S , S e r i e s 2 0 1 0 C ( E n e r g y C e n t e r ) 0 0 0 (1 , 3 6 3 , 6 1 9 ) 0(1,363,619)0.00%7 8 Il l i n o i s S t r e e t B o n d 0 0 0 (9 1 3 , 1 6 9 ) 0(913,169)0.00%8 9 20 1 3 I l l i n o i s S t r e e t B o n d 0 0 0 (2 2 0 , 0 2 5 ) 0(220,025)0.00%9 10 20 1 4 P A C L e a s e 0 0 0 (5 , 6 5 3 , 0 0 0 ) 0(5,653,000)0.00%10 11 20 1 2 L e a s e 0 0 0 (9 , 9 6 2 , 0 0 0 ) 0(9,962,000)0.00%11 12 TO T A L R E C E I P T S - T I F 0 9, 9 1 2 9, 9 1 2 (8 1 , 9 0 3 ) 9, 9 1 2 (91,815)-12.10%12 13 13 14 RE C E I P T S - N O N T I F 14 15 In t e r e s t 0 39 4 39 4 0 39 4 (394)0.00%15 16 En e r g y P a y m e n t s 26 , 9 2 2 26 , 9 2 2 0 32 3 , 0 6 0 26 , 9 2 2 296,1388.33%16 17 RE I E n e r g y P a y m e n t s ( 2 0 1 5 ) 20 , 9 2 3 20 , 9 2 3 0 12 5 , 5 3 8 20 , 9 2 3 104,61516.67%17 18 4C D C G r a n t s 0 0 0 40 0 , 0 0 0 0400,0000.00%18 19 Ci v i c R e n t 0 0 0 25 0 , 0 0 0 0250,0000.00%19 20 Ke y s t o n e G r o u p , L L C R e c e i v a b l e ( B o n d E n h a n c e m e n t ) 2 0 1 4 0 0 0 0 000.00%20 21 Ke y s t o n e G r o u p , L L C R e c e i v a b l e ( B o n d E n h a n c e m e n t ) 2 0 1 5 0 0 0 20 0 , 0 0 0 0200,0000.00%21 22 Sa l e o f P r o p e r t y 0 0 0 0 000.00%22 23 M i s c e l l a n e o u s R e c e i p t s 0 1 5 , 9 6 3 1 5 , 9 6 3 Th i s w a s n o t a n t i c i p a t e d t o b e r e c e i v e d un t i l m i d - y e a r 0 1 5 , 9 6 3 (15,963)0.00%23 24 TO T A L R E C E I P T S - N O N T I F 47 , 8 4 5 64 , 2 0 2 16 , 3 5 7 1, 2 9 8 , 5 9 8 64 , 2 0 2 1,234,3964.94%24 25 TO T A L R E C E I P T S $4 7 , 8 4 5 $7 4 , 1 1 4 $2 6 , 2 6 9 $1 , 2 1 6 , 6 9 5 $7 4 , 1 1 4 $1,142,58125 26 26 Cu r r e n t M o n t h Cu r r e n t Y e a r B u d g e t A -1 A - Ca r m e l R e d e v e l o p m e n t C o m m i s s i o n Mo n t h a n d Y e a r t o D a t e E x p e n d i t u r e B u d g e t A n a l y s i s Fo r t h e M o n t h E n d i n g J a n u a r y 3 1 , 2 0 1 5 Re f e r e n c e B C D E F G HIReference 1 1 2 Co m m e n t s 2 3 Bu d g e t Ac t u a l $ V a r i a n c e Pr o p o s e d YT D $ Remaining% YTD 3 4 EX P E N D I T U R E S : T I F 4 5 Pr o j e c t P r o f e s s i o n a l F e e s 5 6 L e g a l F e e s 90 , 3 4 5 9 6 , 0 4 2 (5 , 6 9 7 ) Th e d i f f e r e n c e i s s e v e r a l Ba r n e s & T h o r n b u r g in v o i c e s t h a t w e r e an t i c i p a t e d t o b e p a i d a t a l a t e r d a t e 58 8 , 0 0 0 9 6 , 0 4 2 4 9 1 , 9 5 8 1 6 . 3 3 % 6 7 Ar c h / E n g i n e e r i n g 0 0 0 10 , 0 0 0 010,0000.00%7 8 Ac c o u n t i n g F e e s 6, 1 7 0 6, 1 7 0 0 31 , 4 5 0 6,17025,28019.62%8 9 Mi s c e l l a n e o u s P r o f e s s i o n a l F e e s 0 0 0 30 , 0 0 0 030,0000.00%9 10 Co n s t r u c t i o n 10 11 Me z z B u i l d i n g S i t e C o n s t r u c t i o n 0 0 33 4 , 3 0 6 0334,3060.00%11 12 Me z z U t i l i t y R e l o c a t i o n 0 0 25 0 , 0 0 0 0250,0000.00%12 13 Na s h S t r e e t s c a p e 0 0 48 , 3 3 5 048,3350.00%13 14 Ca p i t a l I m p r o v e m e n t P r o j e c t s 0 0 1, 0 0 0 , 0 0 0 01,000,0000.00%14 15 Bo n d a n d T r u s t e e F e e s 95 0 95 0 0 22 , 9 2 2 95021,9724.14%15 16 Tr a n s f e r t o S u p p l e m e n t a l R e s e r v e F u n d 0 0 0 0 000.00%16 17 TO T A L E X P E N D I T U R E S - T I F 97 , 4 6 5 10 3 , 1 6 2 (5 , 6 9 7 ) 2, 3 1 5 , 0 1 3 10 3 , 1 6 2 2,211,8514.46%17 18 18 19 EX P E N D I T U R E S : N O N T I F 19 20 Vi l l a g e F i n a n c i a l S e c o n d a r y I P C 61 , 3 3 7 61 , 3 3 7 0 79 , 9 5 4 61 , 3 3 7 18,61776.72%20 21 20 0 6 C O I T R e f u n d i n g B o n d 0 0 0 95 9 , 2 4 3 0959,2430.00%21 22 R e i m b u r s e m e n t o f A c t u a l E x p e n d i t u r e s f o r D e p . 0 4 1 , 8 5 2 (4 1 , 8 5 2 ) Th i s w a s o r i g i n a l l y sc h e d u l e d t o b e tr a n s f e r r e d i n D e c e m b e r 52 4 , 6 6 5 4 1 , 8 5 2 4 8 2 , 8 1 3 7 . 9 8 % 2 2 23 So p h i a S q u a r e G a r a g e E x p e n s e s 0 0 0 30 0 , 0 0 0 0300,0000.00%23 24 Mi s c e l l a n e o u s E x p e n d i t u r e s 83 3 0 83 3 10 , 0 0 0 010,0000.00%24 25 TO T A L E X P E N D I T U R E S - N O N T I F 62 , 1 7 0 10 3 , 1 8 9 (4 1 , 0 1 9 ) 1, 8 7 3 , 8 6 2 10 3 , 1 8 9 1,770,6735.51%25 26 TO T A L E X P E N D I T U R E S $1 5 9 , 6 3 5 $2 0 6 , 3 5 1 ($ 4 6 , 7 1 6 ) $4 , 1 8 8 , 8 7 5 $2 0 6 , 3 5 1 3,982,5244.93%26 Cu r r e n t M o n t h Cu r r e n t Y e a r B u d g e t A -1 B - Ca r m e l R e d e v e l o p m e n t C o m m i s s i o n Su m m a r y o f C a s h Fo r t h e M o n t h E n d i n g J a n u a r y 3 1 , 2 0 1 5 Re f e r e n c e A B Reference 1 1 2 De s c r i p t i o n Ac t u a l Bu d g e t Va r i a n c e 2 3 Ca s h B a l a n c e 1 / 1 / 1 5 3 4 1 1 0 1 C a s h 4 , 9 9 1 , 3 0 1 . 6 3 $ 4 , 9 9 1 , 3 0 1 . 6 3 $ - $ 4 5 1 1 1 0 T I F 3 9 , 1 6 6 . 6 1 3 9 , 1 6 6 . 6 1 - 5 6 To t a l C a s h 5 , 0 3 0 , 4 6 8 . 2 4 $ 5 , 0 3 0 , 4 6 8 . 2 4 $ - $ 6 7 7 8 Re c e i p t s 8 9 1 1 0 1 C a s h 6 4 , 2 0 1 . 9 5 $ 4 7 , 8 4 4 . 6 4 $ 1 6 , 3 5 7 . 3 1 $ 9 10 1 1 1 0 T I F 9 , 9 1 1 . 7 1 - 9 , 9 1 1 . 7 1 10 11 D e v e l o p e r P a y m e n t s - - - 11 12 T r a n s f e r t o S R F - - - 12 13 To t a l R e c e i p t s 7 4 , 1 1 3 . 6 6 $ 4 7 , 8 4 4 . 6 4 $ 2 6 , 2 6 9 . 0 2 $ 13 14 14 15 Di s b u r s e m e n t s 15 16 1 1 0 1 C a s h 2 0 6 , 3 5 0 . 9 7 $ 1 5 8 , 8 0 1 . 9 6 $ ( 4 7 , 5 4 9 . 0 1 ) $ 16 17 1 1 1 0 T I F - - - 17 18 To t a l D i s b u r s e m e n t s 2 0 6 , 3 5 0 . 9 7 $ 1 5 8 , 8 0 1 . 9 6 $ ( 4 7 , 5 4 9 . 0 1 ) $ 18 19 19 20 1 1 0 1 C a s h 4 , 8 4 9 , 1 5 2 . 6 1 $ 4 , 8 8 0 , 3 4 4 . 3 1 $ ( 3 1 , 1 9 1 . 7 0 ) $ 20 21 1 1 1 0 T I F 4 9 , 0 7 8 . 3 2 3 9 , 1 6 6 . 6 1 9 , 9 1 1 . 7 1 21 22 Ca s h B a l a n c e 1 / 3 1 / 1 5 4 , 8 9 8 , 2 3 0 . 9 3 $ 4 , 9 1 9 , 5 1 0 . 9 2 $ ( 2 1 , 2 7 9 . 9 9 ) $ 22 23 23 24 To t a l U s a b l e F u n d s $ 4 , 8 9 8 , 2 3 0 . 9 3 $ 4 , 9 1 9 , 5 1 0 . 9 2 ( $ 2 1 , 2 7 9. 9 9 ) 24 -1 C - Restricted Funds Energy Center Reserve $501,801 Civic Rent Reserve 801,935 Supplemental Reserve Fund 2,526,638 Sub-total:3,830,374 Unrestricted Funds TIF 49,078 Non TIF 4,849,153 Sub-total:4,898,231 Total Funds $8,728,605 Outstanding Receivables Energy Consumption Payments (1)10,462 2014 Keystone Bond Enhancement Fee 190,092 Total Outstanding Receivables $200,554 (1) Amounts due reflect January 2015 for Office Building One and the Tarkington. REI Real Estate Services, LLC acts as property manager on behalf of the CRC and collects the Energy Consumption Payments to be forwarded. Carmel Redevelopment Commission Fund Balances and Outstanding Receivables as of 1/31/15 Fund Balances Outstanding Receivables -1D- Ca r m e l R e d e v e l o p m e n t C o m m i s s i o n De b t S u m m a r y Fo r t h e Y e a r E n d i n g D e c e m b e r 3 1 , 2 0 1 5 Re f e r e n c e A B C D E F G H I J K R e f e r e n c e 2/ 1 / 1 5 Re v e n u e O r i g i n a l O u t s t a n d i n g 2 0 1 5 2 0 1 5 T o t a l F i r s t S e c o n d Is s u a n c e T y p e S o u r c e D e b t A m o u n t I n t e r e s t R a t e P a r A m o u n t P r i n c i p a l D u e ( 1 ) I n t e r e s t D u e ( 1 ) D e b t S e r v i c e I n s t a l l m e n t Installment 1 T a x I n c r e m e n t R e v e n u e B o n d s , S e r i e s 2 0 0 4 A ( I l l i n o i s S t r e e t ) B o n d T I F $ 9 , 5 0 0 , 0 0 0 6 . 6 5 0 % $ 6 , 1 1 5 , 0 0 0 $ 5 1 5 , 0 0 0 $ 3 9 8 , 1 6 9 $ 9 1 3 , 1 6 9 $ 4 5 8 , 3 2 4 $ 4 5 4 , 8 4 5 1 2 C O I T R e v e n u e R e f u n d i n g B o n d s , S e r i e s 2 0 0 6 B o n d T I F 8 , 7 8 5 , 0 0 0 5 . 2 5 0 - 5 . 2 7 0 % 3 , 4 2 0 , 0 0 0 7 9 0 , 0 0 0 1 6 9 , 2 4 3 9 5 9 , 2 4 3 4 7 9 , 7 1 1 4 7 9 , 5 3 2 2 3 L e a s e R e n t a l R e v e n u e B o n d s , S e r i e s 2 0 0 5 ( P A C C A B ) L e a s e T I F 2 7 , 7 9 8 , 2 2 7 4 . 6 2 5 - 1 0 . 2 0 0 % 1 9 , 6 4 9 , 1 5 0 1 , 6 2 7 , 5 1 5 1 , 8 3 2 , 4 8 5 3 , 4 6 0 , 0 0 0 1 , 7 3 0 , 0 0 0 1 , 7 3 0 , 0 0 0 3 4 L e a s e R e n t a l R e v e n u e B o n d s , S e r i e s 2 0 1 2 A L e a s e T I F 1 1 5 , 9 0 0 , 0 0 0 2 . 6 2 5 - 4 . 0 0 0 % 1 1 5 , 9 0 0 , 0 0 0 0 4 , 3 9 2 , 5 8 2 4 , 3 9 2 , 5 8 2 2 , 1 9 6 , 2 9 1 2 , 1 9 6 , 2 9 1 4 5 L e a s e R e n t a l R e v e n u e B o n d s , S e r i e s 2 0 1 2 B L e a s e T I F 6 9 , 2 4 5 , 0 0 0 0 . 6 0 8 - 3 . 0 0 0 % 6 4 , 7 6 5 , 0 0 0 4 , 2 3 0 , 0 0 0 1 , 3 2 8 , 0 5 7 5 , 5 5 8 , 0 5 7 2 , 7 7 8 , 3 1 7 2 , 7 7 9 , 7 4 0 5 6 R e d e v e l o p m e n t D i s t r i c t B o n d s o f 2 0 1 3 ( I l l i n o i s S t r e e t ) B o n d T I F 6 , 5 3 5 , 0 0 0 2 . 0 0 0 - 4 . 0 0 0 % 6 , 5 3 5 , 0 0 0 0 2 2 0 , 0 2 5 2 2 0 , 0 2 5 1 1 0 , 0 1 3 1 1 0 , 0 1 3 6 7 L e a s e R e n t a l R e v e n u e R e f u n d i n g B o n d s , S e r i e s 2 0 1 4 ( P A C ) L e a s e T I F 5 5 , 6 8 5 , 0 0 0 2 . 2 5 0 - 5 . 0 0 0 % 5 5 , 6 8 5 , 0 0 0 0 2 , 1 8 7 , 9 5 6 2 , 1 8 7 , 9 5 6 1 , 0 9 3 , 9 7 8 1 , 0 9 3 , 9 7 8 7 $2 9 3 , 4 4 8 , 2 2 7 $2 7 2 , 0 6 9 , 1 5 0 $7 , 1 6 2 , 5 1 5 $8 , 3 4 0 , 5 6 0 $1 5 , 5 0 3 , 0 7 5 $8,846,633$8,844,398 2 / 1 / 1 5 R e v e n u e O r i g i n a l O u t s t a n d i n g 2 0 1 5 2 0 1 5 T o t a l Ce r t i f i c a t e o f P a r t i c i p a t i o n ( C O P ) o r I n s t a l l m e n t C o n t r a c t T y p e S o u r c e D e b t A m o u n t I n t e r e s t R a t e A m o u n t P r i n c i p a l D u e ( 1 ) I n t e r e s t D u e ( 1 ) F e e s ( 2 ) D e b t S e r v i c e R e f e r e n c e 8 C e r t i f i c a t e o f P a r t i c i p a t i o n , S e r i e s 2 0 1 0 C ( E n e r g y C e n t e r ) C O P T I F 1 6 , 3 0 0 , 0 0 0 5 . 7 5 0 - 6 . 5 0 0 % 1 5 , 4 0 0 , 0 0 0 3 9 5 , 0 0 0 9 6 8 , 6 1 9 3 1 , 5 8 7 1 , 3 9 5 , 2 0 6 8 9 S e c o n d a r y V i l l a g e F i n a n c i a l C o n t r a c t 1 - C C C L L C ( 3 ) In s t a l l m e n t Co n t r a c t T I F 4 , 5 0 0 , 0 0 0 L I B O R + 2 . 8 % 4 , 5 0 0 , 0 0 0 0 1 5 7 , 5 0 0 1 5 7 , 5 0 0 9 $2 0 , 8 0 0 , 0 0 0 $1 9 , 9 0 0 , 0 0 0 $3 9 5 , 0 0 0 $1 , 1 2 6 , 1 1 9 $3 1 , 5 8 7 $1,552,706 $3 1 4 , 2 4 8 , 2 2 7 $2 9 1 , 9 6 9 , 1 5 0 $7 , 5 5 7 , 5 1 5 $9 , 4 6 6 , 6 7 9 $3 1 , 5 8 7 $19,243,737 (1 ) T o t a l d e b t s e r v i c e a m o u n t i s p e r a m o r t i z a t i o n s c h e d u l e s o f I s s u a n c e (2 ) R e p r e s e n t A d m i n i s t r a t i v e f e e s p a i d o n e a c h c o n t r a c t . (3 ) I n t e r e s t a m o u n t s a r e e s t i m a t e s s i n c e t h e i n t e r e s t r a t e a c c o u n t s f o r L I B O R . Gr a n d T o t a l Su b T o t a l s Su b T o t a l s -2 - Ca r m e l R e d e v e l o p m e n t C o m m i s s i o n De b t S u m m a r y - A d d i t i o n a l I n f o r m a t i o n Fo r t h e Y e a r E n d i n g D e c e m b e r 3 1 , 2 0 1 5 Re f e r e n c e A B C D E F Reference Fi n a l Is s u a n c e Ye a r I s s u e d 1s t C a l l Ma t u r i t y Pa y m e n t D a t e s Pu r p o s e o f I s s u a n c e 1 Ta x I n c r e m e n t R e v e n u e B o n d s , S e r i e s 2 0 0 4 A ( I l l i n o i s S t r e e t ) 20 0 4 7/ 1 5 / 2 0 1 4 7/ 1 5 / 2 0 2 4 7/ 1 5 / 1 5 , 1 / 1 5 / 1 6 To f i n a n c e r o a d a n d i n t e r s e c t i o n i m p r o v e m e n t s 1 2 C O I T R e v e n u e R e f u n d i n g B o n d s , S e r i e s 2 0 0 6 2 0 0 6 1 2 / 1 5 / 2 0 1 2 1 2 / 1 5 / 2 0 1 8 6 / 1 5 / 1 5 , 1 2 / 1 5 / 1 5 To r e f u n d C O I T R e v e n u e B o n d s o f 1 9 9 8 , w h i c h w e r e o r i g i n a l l y i s s u e d fo r t h e a c q u i s i t i o n a n d r e d e v e l o p m e n t o f p r o p e r t y i n t h e C i t y C e n t e r Re d e v e l o p m e n t A r e a 2 3 Le a s e R e n t a l R e v e n u e B o n d s , S e r i e s 2 0 0 5 ( P A C C A B ) 20 0 5 2 / 1 / 2 0 1 1 2 / 1 / 2 0 3 3 7 / 1 / 1 5 , 1 / 1 / 1 6 To f i n a n c e t h e d e s i g n a n d c o n s t r u c t i o n o f a n e w p e r f o r m i n g a r t s c e n t e r co m p l e x 3 4 Le a s e R e n t a l R e v e n u e B o n d s , S e r i e s 2 0 1 2 A ( R e f i n a n c e ) 20 1 2 8 / 1 / 2 0 2 6 2 / 1 / 2 0 3 8 7 / 1 / 1 5 , 1 / 1 / 1 6 To c o n s o l i d a t e a n d r e f i n a n c e a m a j o r i t y o f C R C d e b t a t a l o w e r i n t e r e s t ra t e 4 5 Le a s e R e n t a l R e v e n u e B o n d s , S e r i e s 2 0 1 2 B ( R e f i n a n c e ) 20 1 2 2 / 1 / 2 0 1 4 2 / 1 / 2 0 2 5 7 / 1 / 1 5 , 1 / 1 / 1 6 To c o n s o l i d a t e a n d r e f i n a n c e a m a j o r i t y o f C R C d e b t a t a l o w e r i n t e r e s t ra t e 5 6 Re d e v e l o p m e n t D i s t r i c t B o n d s o f 2 0 1 3 ( I l l i n o i s S t r e e t ) 20 1 3 7/ 1 5 / 2 0 2 4 1/ 1 5 / 2 0 3 5 7/ 1 5 / 1 5 , 1 / 1 / 1 6 To f i n a n c e v a r i o u s i m p r o v e m e n t s t o I l l i n o i s S t r e e t 6 7 Le a s e R e n t a l R e v e n u e R e f u n d i n g B o n d s , S e r i e s 2 0 1 4 ( P A C ) 20 1 4 2 / 1 / 2 0 2 4 2 / 1 / 2 0 3 3 7 / 1 / 1 5 , 1 / 1 / 1 6 To a d v a n c e r e f u n d t h e o u t s t a n d i n g P A C C a p i t a l I n t e r e s t B o n d s , w h i c h we r e u s e d t o c o n s t r u c t t h e P A C 7 Fi n a l Is s u a n c e Ye a r I s s u e d 1s t C a l l Ma t u r i t y Pa y m e n t D a t e s Pu r p o s e o f I s s u a n c e 8 C e r t i f i c a t e o f P a r t i c i p a t i o n , S e r i e s 2 0 1 0 C ( E n e r g y C e n t e r ) 2 0 1 0 7 / 1 5 / 2 0 2 2 7 / 1 5 / 2 0 3 5 7 / 1 5 / 1 5 , 1 / 1 5 / 1 6 To P r o v i d e f o r t h e d e v e l o p m e n t a n d c o n s t r u c t i o n o f a p o r t i o n o f t h e re g i o n a l p e r f o r m i n g a r t s c e n t e r 8 9 Se c o n d a r y V i l l a g e F i n a n c i a l C o n t r a c t 1 - C C C L L C 20 1 1 N/ A 7/ 1 5 / 2 0 3 4 7/ 1 5 / 1 5 , 1 / 1 5 / 1 6 To a c q u i r e e x i s t i n g i m p r o v e m e n t s f o r t h e C i t y C e n t e r g a r a g e 9 Bo n d A d d i t i o n a l I n f o r m a t i o n Ce r t i f i c a t e o f P a r t i c i p a t i o n a n d I n s t a l l m e n t C o n t r a c t s - A d d i t i o n a l I n f o r m a t i o n -2 A - Ca r m e l R e d e v e l o p m e n t C o m m i s s i o n De v e l o p e r B o n d s ( I n f o r m a t i o n a l P u r p o s e s O n l y ) As o f F e b r u a r y 1 , 2 0 1 5 Re f e r e n c e A B C D E F G Reference 1 Is s u a n c e ( 1 ) TI F A r e a ( 2 ) Or i g i n a l I s s u a n c e Am o u n t Ou t s t a n d i n g Ba l a n c e M a t u r i t y Ju n e 2 0 1 4 Co l l e c t i o n s ( 2 ) December 2014 Collections (2)1 1 Ta x a b l e E c o n o m i c D e v e l o p m e n t R e v e n u e B o n d s , S e r i e s 2 0 0 6 B ( B u c k i n g h a m - Gr a m e r c y P r o j e c t ) ( 3 ) Gr a m e r c y 2 0 , 0 0 0 , 0 0 0 0 2 0 2 7 4 4 1 2 Ta x a b l e E c o n o m i c D e v e l o p m e n t R e v e n u e B o n d s o f 2 0 1 1 ( 1 1 6 t h S t r e e t C e n t r e P r o j e c t ) 11 6 t h S t . C e n t r e 2 , 0 5 0 , 0 0 0 1 , 9 4 3 , 9 8 3 2 0 3 6 1 3 3 , 1 0 5 1 3 3 , 0 9 9 2 3 Ta x a b l e E c o n o m i c D e v e l o p m e n t R e v e n u e B o n d s o f 2 0 1 1 ( I n d i a n a S p i n e G r o u p P r o j e c t ) (4 ) Me r i d i a n a n d M a i n 7 5 1 , 5 0 0 7 1 7 , 5 0 0 2 0 3 1 7 4 , 8 8 2 7 4 , 8 5 7 3 4 Se n i o r E c o n o m i c D e v e l o p m e n t R e v e n u e B o n d s , S e r i e s 2 0 1 1 A Ar t s D i s t r i c t L o f t s & S h o p p e s 9, 6 3 0 , 0 0 0 8, 8 9 5 , 0 0 0 20 3 1 432,720433,3934 5 Su b o r d i n a t e E c o n o m i c D e v e l o p m e n t R e v e n u e B o n d s , S e r i e s 2 0 1 1 B ( 5 ) ( A r t s D i s t r i c t Lo f t s & S h o p p e s P r o j e c t ) Ar t s D i s t r i c t L o f t s & S h o p p e s 0 0 2 0 3 5 0 0 5 6 Ta x a b l e E c o n o m i c D e v e l o p m e n t R e v e n u e B o n d s , S e r i e s 2 0 1 3 A ( L e g a c y ) Le g a c y 4, 5 0 0 , 0 0 0 4, 5 0 0 , 0 0 0 20 3 5 204,429211,6256 7 To t a l $3 6 , 9 3 1 , 5 0 0 $1 6 , 0 5 6 , 4 8 3 $845,1417 8 8 9 9 10 10 11 11 12 12 13 13 14 (3 ) T h e B o n d s w e r e i s s u e d a s d r a w b o n d s . T h e a m o u n t s h o w n r e p r e s e n t s t h e a m o u n t o f p r i n c i p a l d r a w n d o w n a n d o u t s t a n d i n g p e r t h e T r u s t e e . 14 15 15 16 (4 ) T h e D e c e m b e r c o l l e c t i o n s i n c l u d e S p r i n g t a x e s t h a t w e r e p a i d l a t e . 16 17 17 18 (5 ) T h e B o n d s w e r e i s s u e d a s d r a w b o n d s . T h e a m o u n t s h o w n r e p r e s e n t s t h e a m o u n t o f p r i n c i p a l d r a w n d o w n a n d o u t s t a n d i n g p e r t h e o f f i c i a l d r a w s s c h e d u l e d i n t h e I s s u a n c e O f f e r i n g D o c u m e n t s . 18 19 19 (1 ) T h e C R C P a y a b l e p o r t i o n o f t h e d e b t s e r v i c e i s l i m i t e d u p t o t h e t o t a l i n c r e m e n t a l r e v e n u e s o f t h e d e s i g n a t e d T I F a r e a . A n y d e b t s e r v i c e i n e x c e s s o f t h e i n c r e m e n t r e v e n u e s i s l i a b l e t o t h e d e v e l o pe r . T h e t o t a l o u t s t a n d i n g pr i n c i p a l a m o u n t s s e e n a b o v e d o n o t r e f l e c t a d i r e c t o b l i g a t i o n t o t h e C a r m e l R e d e v e l o p m e n t C o m m i s s i o n . (2 ) A l l c o l l e c t i o n s a r e a l l o c a t e d t o t h e d e v e l o p e r p a y m e n t s w i t h t h e e x c e p t i o n o f t h e T a x a b l e E c o n o m i c D e v e l o p m e n t R e v e n u e B o n d s o f 2 0 1 1 , o n l y 5 0 % o f t h e t o t a l o f t h e i n c r e m e n t g e n e r a t e d i s p l e d g e d t o wa r d s p a y m e n t o f t h e bo n d s . -2 B - Ca r m e l R e d e v e l o p m e n t C o m m i s s i o n An a l y s i s o f A c t u a l 2 0 1 4 T I F C o l l e c t i o n s Le s s P a r k w o o d Ne t 2 0 1 4 D i s t r i b u t i o n GrossGross To t a l C o u n t y Gr o s s 2 0 1 4 (A p p e a l s ) Ne t 2 0 1 4 Le s s D e v e l o p e r Tr a n s f e r t o Af t e r P a s s T h r o u g h PercentageDollars Ar e a Es t i m a t e s * Di s t r i b u t i o n TI F R e f u n d s Di s t r i b u t i o n Pa s s T h r o u g h Re s e r v e F u n d an d P a r k w o o d T r a n s f e r VarianceVariance 11 6 t h S t . C e n t r e $2 6 6 , 1 9 8 . 5 5 $2 6 6 , 1 9 8 . 5 4 $5 . 8 8 $2 6 6 , 2 0 4 . 4 2 ($ 2 6 6 , 2 0 4 . 4 2 ) $0.00100%($0.01) Am e n d e d I l l i n o i s S t r e e t 15 5 , 1 2 5 . 1 1 15 5 , 1 2 5 . 1 0 (4 , 4 1 0 . 1 2 ) 15 0 , 7 1 4 . 9 8 0. 0 0 15 0 , 7 1 4 . 9 8 100%(0.01) Am e n d e d 1 2 6 t h S t r e e t 7, 9 2 1 , 1 1 2 . 0 6 7, 9 4 9 , 4 1 2 . 9 4 (1 6 1 , 5 1 9 . 4 0 ) 7, 7 8 7 , 8 9 3 . 5 4 0. 0 0 7, 7 8 7 , 8 9 3 . 5 4 100%28,300.88 Ar t s D i s t r i c t L o f t s a n d S h o p p e s 86 6 , 7 8 5 . 1 6 86 6 , 0 3 0 . 0 4 82 . 7 8 86 6 , 1 1 2 . 8 2 (8 6 6 , 1 1 2 . 8 2 ) 0.00100%(755.12) Ci t y C e n t e r 89 2 , 3 5 5 . 4 9 88 7 , 6 2 0 . 4 6 (1 1 , 3 5 7 . 9 4 ) 87 6 , 2 6 2 . 5 2 0. 0 0 87 6 , 2 6 2 . 5 2 99%(4,735.03) Do w n t o w n E D A # 1 85 7 , 6 8 4 . 5 1 85 9 , 2 6 6 . 5 1 14 5 . 1 7 85 9 , 4 1 1 . 6 8 0. 0 0 85 9 , 4 1 1 . 6 8 100%1,582.00 Do w n t o w n E D A # 2 12 3 , 1 0 6 . 5 6 12 3 , 1 0 6 . 5 6 24 . 2 4 12 3 , 1 3 0 . 8 0 0. 0 0 12 3 , 1 3 0 . 8 0 100%0.00 Ca r m e l D r i v e 15 2 , 3 1 2 . 4 0 13 7 , 1 2 4 . 9 8 (1 1 , 9 7 2 . 9 5 ) 12 5 , 1 5 2 . 0 3 0. 0 0 12 5 , 1 5 2 . 0 3 90%(15,187.42) Me r c h a n t s S q u a r e 53 2 , 7 4 0 . 8 7 39 4 , 6 1 8 . 0 0 (8 5 , 9 2 2 . 5 0 ) 30 8 , 6 9 5 . 5 0 0. 0 0 30 8 , 6 9 5 . 5 0 74%(138,122.87) CR C P a r c e l 1 2 17 9 , 0 9 4 . 7 2 17 9 , 0 9 4 . 7 2 33 . 9 0 17 9 , 1 2 8 . 6 2 0. 0 0 17 9 , 1 2 8 . 6 2 100%0.00 Gr a m e r c y 8. 3 2 8. 3 2 0. 0 0 8. 3 2 (8 . 3 2 ) 0.00100%0.00 Ha z e l D e l l N o r t h 29 2 , 9 2 2 . 5 8 29 9 , 5 0 2 . 1 6 (4 6 6 . 8 4 ) 29 9 , 0 3 5 . 3 2 0. 0 0 29 9 , 0 3 5 . 3 2 102%6,579.58 Ha z e l D e l l S o u t h 90 7 , 3 0 1 . 7 3 89 9 , 0 8 5 . 0 8 80 . 2 9 89 9 , 1 6 5 . 3 7 0. 0 0 89 9 , 1 6 5 . 3 7 99%(8,216.65) La u t h - W a l k e r 63 3 , 9 2 5 . 1 5 63 3 , 9 2 5 . 1 4 (7 2 , 8 1 2 . 8 5 ) 56 1 , 1 1 2 . 2 9 0. 0 0 56 1 , 1 1 2 . 2 9 100%(0.01) Le g a c y 42 6 , 0 3 1 . 6 2 42 5 , 6 7 1 . 8 4 (9 , 6 1 7 . 6 0 ) 41 6 , 0 5 4 . 2 4 (4 1 6 , 0 5 4 . 2 4 ) 0.00100%(359.78) Lu r i e 17 , 1 9 9 . 4 1 17 , 1 9 9 . 4 2 1. 1 0 17 , 2 0 0 . 5 2 0. 0 0 17,200.52100%0.01 Me r c h a n t s P o i n t e 24 6 , 7 2 0 . 1 2 25 4 , 4 4 8 . 1 5 (8 , 8 3 8 . 5 4 ) 24 5 , 6 0 9 . 6 1 0. 0 0 24 5 , 6 0 9 . 6 1 103%7,728.03 Me r i d i a n & M a i n 14 9 , 7 1 3 . 1 5 14 9 , 7 1 3 . 1 6 0. 0 0 14 9 , 7 1 3 . 1 6 (7 4 , 8 5 0 . 2 8 ) 74,862.88100%0.01 MI S O P P T I F 0. 0 0 16 , 7 4 0 . 0 1 0. 0 0 16 , 7 4 0 . 0 1 16,740.010%16,740.01 Na t i o n a l C i t y T T A 3, 4 7 4 . 8 3 3, 4 7 4 . 8 6 0. 6 6 3, 4 7 5 . 5 2 0. 0 0 3,475.52100%0.03 No r t h I l l i n o i s S t r e e t 3, 9 0 1 , 2 3 5 . 6 0 3, 7 9 3 , 8 9 6 . 8 6 68 8 . 3 9 3, 7 9 4 , 5 8 5 . 2 5 0. 0 0 3, 7 9 4 , 5 8 5 . 2 5 97%(107,338.74) Ol d M e r i d i a n 60 1 , 0 5 1 . 4 4 60 2 , 4 4 1 . 5 9 (1 7 , 0 3 3 . 3 1 ) 58 5 , 4 0 8 . 2 8 0. 0 0 58 5 , 4 0 8 . 2 8 100%1,390.15 Ol d M e t h o d i s t 1, 1 6 4 . 2 1 1, 1 6 4 . 2 2 0. 2 2 1, 1 6 4 . 4 4 0. 0 0 1,164.44100%0.01 Ol d T o w n 21 8 , 1 2 1 . 8 6 21 8 , 1 2 1 . 8 6 42 . 2 0 21 8 , 1 6 4 . 0 6 0. 0 0 21 8 , 1 6 4 . 0 6 100%0.00 Ol d T o w n S h o p p e s 93 , 6 2 4 . 7 0 88 , 6 0 7 . 6 1 (3 , 5 1 5 . 0 0 ) 85 , 0 9 2 . 6 1 0. 0 0 85,092.6195%(5,017.09) Pa r k w o o d C r o s s i n g 1, 3 3 3 , 6 7 6 . 7 8 1, 3 3 3 , 6 9 6 . 0 6 (1 0 , 7 2 1 . 9 4 ) 1, 3 2 2 , 9 7 4 . 1 2 (6 4 1 , 0 0 7 . 7 0 ) (6 8 1 , 9 6 6 . 4 2 ) 0.00100%19.28 Pa r k w o o d E a s t 84 4 , 6 6 5 . 0 4 84 4 , 6 6 5 . 0 4 15 9 . 6 6 84 4 , 8 2 4 . 7 0 (4 2 2 , 4 9 2 . 1 8 ) (4 2 2 , 3 3 2 . 5 2 ) 0.00100%0.00 We s t C l a y 56 4 , 8 4 9 . 9 2 56 4 , 8 1 0 . 3 2 (1 4 , 4 5 8 . 6 0 ) 55 0 , 3 5 1 . 7 2 0. 0 0 55 0 , 3 5 1 . 7 2 100%(39.60) $2 2 , 1 8 2 , 2 0 1 . 8 9 $2 1 , 9 6 4 , 7 6 9 . 5 5 ($ 4 1 1 , 3 8 3 . 1 0 ) $2 1 , 5 5 3 , 3 8 6 . 4 5 ($ 2 , 6 8 6 , 7 2 9 . 9 6 ) ($ 1 , 1 0 4 , 2 9 8 . 9 4 ) $1 7 , 7 6 2 , 3 5 7 . 5 5 99.02%($217,432.34) Re f e r e n c e A B C D E F G HI Ca l c u l a t i o n B+ C D+ E + F B/AB-A *C o u n t y E s t i m a t e s a r e p e r t h e H a m i l t o n C o u n t y 2 0 1 3 P a y 2 0 1 4 T I F B i l l i n g R e p o r t . T h e t o t a l a m o u n t r e p r e s e n t s t h e t o t a l a c t u a l p r o p e r t y t a x e s b i l l e d i n e a c h T I F A r e a . T h e e s t i m a t e sh o w n i s n e t o f t h e e s t i m a t e d s c h o o l r e f e r e n d u m i m p a c t . A- 1 Ca r m e l R e d e v e l o p m e n t C o m m i s s i o n An a l y s i s o f 2 0 1 4 T I F C o l l e c t i o n s a n d D i s b u r s e m e n t s Re f e r e n c e A B C D E F G H I J K L M Reference 1 Ju n e 2 0 1 4 De c e m b e r 2 0 1 4 To t a l De v e l o p e r Pa r k w o o d T r a n s f e r Bo n d / L e a s e Re f u n d i n g PA C COIT 1 2 Ar e a Di s t r i b u t i o n Di s t r i b u t i o n Di s t r i b u t i o n Pa y m e n t s to R e s e r v e Pa y m e n t s ( 1 ) Su b t o t a l Bo n d s ( 2 ) CO P S C ( 3 ) Le a s e ( 4 ) Payment (5)Remaining2 3 11 6 t h S t . C e n t r e 13 3 , 1 0 5 . 1 5 13 3 , 0 9 9 . 2 7 26 6 , 2 0 4 . 4 2 ($ 2 6 6 , 2 0 4 . 4 2 ) $0 . 0 0 $0 . 0 0 $0 . 0 0 $0 . 0 0 $0.00$0.003 4 Am e n d e d I l l i n o i s S t r e e t 73 , 1 5 2 . 4 3 77 , 5 6 2 . 5 5 15 0 , 7 1 4 . 9 8 15 0 , 7 1 4 . 9 8 (8 3 , 8 5 5 . 9 3 ) (1 2 , 3 9 2 . 0 6 ) (4 2 , 2 5 4 . 6 7 ) (8,746.44)$3,465.884 5 Am e n d e d 1 2 6 t h S t r e e t 3, 7 9 6 , 0 8 9 . 6 2 3, 9 9 1 , 8 0 3 . 9 2 7, 7 8 7 , 8 9 3 . 5 4 7, 7 8 7 , 8 9 3 . 5 4 (4 , 3 3 3 , 0 8 6 . 4 2 ) (6 4 0 , 3 3 4 . 8 6 ) (2 , 1 8 3 , 4 2 5 . 3 6 ) (451,954.63)179,092.275 6 Ar t s D i s t r i c t L o f t s a n d S h o p p e s 43 2 , 7 2 0 . 2 4 43 3 , 3 9 2 . 5 8 86 6 , 1 1 2 . 8 2 ($ 8 6 6 , 1 1 2 . 8 2 ) 0. 0 0 0. 0 0 0. 0 0 0.000.000.006 7 Ci t y C e n t e r 43 0 , 1 5 3 . 1 8 44 6 , 1 0 9 . 3 4 87 6 , 2 6 2 . 5 2 87 6 , 2 6 2 . 5 2 (4 8 7 , 5 4 1 . 4 9 ) (7 2 , 0 4 7 . 9 1 ) (2 4 5 , 6 7 0 . 2 6 ) (50,852.12)20,150.747 8 Do w n t o w n E D A # 1 40 3 , 4 7 1 . 3 3 45 5 , 9 4 0 . 3 5 85 9 , 4 1 1 . 6 8 85 9 , 4 1 1 . 6 8 (4 7 8 , 1 6 5 . 8 9 ) (7 0 , 6 6 2 . 4 0 ) (2 4 0 , 9 4 5 . 9 3 ) (49,874.22)19,763.248 9 Do w n t o w n E D A # 2 61 , 5 7 7 . 5 2 61 , 5 5 3 . 2 8 12 3 , 1 3 0 . 8 0 12 3 , 1 3 0 . 8 0 (6 8 , 5 0 8 . 4 3 ) (1 0 , 1 2 4 . 0 4 ) (3 4 , 5 2 1 . 1 3 ) (7,145.65)2,831.559 10 Ca r m e l D r i v e 81 , 3 5 5 . 7 0 43 , 7 9 6 . 3 3 12 5 , 1 5 2 . 0 3 12 5 , 1 5 2 . 0 3 (6 9 , 6 3 3 . 0 2 ) (1 0 , 2 9 0 . 2 3 ) (3 5 , 0 8 7 . 8 1 ) (7,262.94)2,878.0310 11 Me r c h a n t s S q u a r e 23 0 , 0 8 7 . 8 3 78 , 6 0 7 . 6 7 30 8 , 6 9 5 . 5 0 30 8 , 6 9 5 . 5 0 (1 7 1 , 7 5 4 . 3 1 ) (2 5 , 3 8 1 . 5 1 ) (8 6 , 5 4 6 . 3 3 ) (17,914.52)7,098.8411 12 CR C P a r c e l 1 2 89 , 5 8 1 . 2 6 89 , 5 4 7 . 3 6 17 9 , 1 2 8 . 6 2 17 9 , 1 2 8 . 6 2 (9 9 , 6 6 4 . 9 2 ) (1 4 , 7 2 8 . 2 8 ) (5 0 , 2 2 0 . 7 7 ) (10,395.37)4,119.2812 13 Gr a m e r c y 4. 1 6 4. 1 6 8. 3 2 (8 . 3 2 ) 0. 0 0 0. 0 0 0. 0 0 0.000.000.0013 14 Ha z e l D e l l N o r t h 15 7 , 4 3 0 . 1 9 14 1 , 6 0 5 . 1 3 29 9 , 0 3 5 . 3 2 29 9 , 0 3 5 . 3 2 (1 6 6 , 3 7 9 . 5 1 ) (2 4 , 5 8 7 . 2 3 ) (8 3 , 8 3 7 . 9 9 ) (17,353.91)6,876.6914 15 Ha z e l D e l l S o u t h 55 1 , 1 8 5 . 2 2 34 7 , 9 8 0 . 1 5 89 9 , 1 6 5 . 3 7 89 9 , 1 6 5 . 3 7 (5 0 0 , 2 8 4 . 3 5 ) (7 3 , 9 3 1 . 0 2 ) (2 5 2 , 0 9 1 . 3 3 ) (52,181.24)20,677.4215 16 La u t h - W a l k e r 24 4 , 1 4 9 . 7 2 31 6 , 9 6 2 . 5 7 56 1 , 1 1 2 . 2 9 56 1 , 1 1 2 . 2 9 (3 1 2 , 1 9 5 . 8 5 ) (4 6 , 1 3 5 . 6 8 ) (1 5 7 , 3 1 4 . 2 7 ) (32,563.02)12,903.4716 17 Le g a c y 20 4 , 4 2 8 . 9 8 21 1 , 6 2 5 . 2 6 41 6 , 0 5 4 . 2 4 (4 1 6 , 0 5 4 . 2 4 ) 0. 0 0 0. 0 0 0. 0 0 0.000.000.0017 18 Lu r i e 11 , 6 3 0 . 8 8 5, 5 6 9 . 6 4 17 , 2 0 0 . 5 2 17 , 2 0 0 . 5 2 (9 , 5 7 0 . 1 5 ) (1 , 4 1 4 . 2 6 ) (4 , 8 2 2 . 3 6 ) (998.20)395.5518 19 Me r c h a n t s P o i n t e 15 2 , 0 3 9 . 0 8 93 , 5 7 0 . 5 3 24 5 , 6 0 9 . 6 1 24 5 , 6 0 9 . 6 1 (1 3 6 , 6 5 4 . 1 1 ) (2 0 , 1 9 4 . 4 7 ) (6 8 , 8 5 9 . 4 7 ) (14,253.46)5,648.1019 20 Me r i d i a n & M a i n 74 , 8 5 6 . 5 8 74 , 8 5 6 . 5 8 14 9 , 7 1 3 . 1 6 (7 4 , 8 5 0 . 2 8 ) 74 , 8 6 2 . 8 8 (4 1 , 6 5 2 . 7 7 ) (6 , 1 5 5 . 3 6 ) (2 0 , 9 8 8 . 6 7 ) (4,344.52)1,721.5620 21 MI S O P P T I F 16 , 7 4 0 . 0 1 16 , 7 4 0 . 0 1 16 , 7 4 0 . 0 1 (9 , 3 1 3 . 9 3 ) (1 , 3 7 6 . 3 9 ) (4 , 6 9 3 . 2 5 ) (971.47)21 22 Na t i o n a l C i t y T T A 1, 7 3 8 . 0 9 1, 7 3 7 . 4 3 3, 4 7 5 . 5 2 3, 4 7 5 . 5 2 (1 , 9 3 3 . 7 4 ) (2 8 5 . 7 6 ) (9 7 4 . 4 0 ) (201.69)79.9222 23 No r t h I l l i n o i s S t r e e t 1, 9 6 5 , 0 7 6 . 4 6 1, 8 2 9 , 5 0 8 . 7 9 3, 7 9 4 , 5 8 5 . 2 5 (1 , 1 5 5 , 2 2 5 . 9 7 ) 2, 6 3 9 , 3 5 9 . 2 8 (1 , 4 6 8 , 5 0 6 . 4 4 ) (2 1 7 , 0 1 2 . 9 5 ) (7 3 9 , 9 7 4 . 6 8 ) (153,169.87)60,695.3423 24 Ol d M e r i d i a n 29 5 , 7 0 8 . 6 8 28 9 , 6 9 9 . 6 0 58 5 , 4 0 8 . 2 8 58 5 , 4 0 8 . 2 8 (3 2 5 , 7 1 3 . 8 3 ) (4 8 , 1 3 3 . 3 4 ) (1 6 4 , 1 2 5 . 9 3 ) (33,972.98)13,462.1924 25 Ol d M e t h o d i s t 58 5 . 1 4 57 9 . 3 0 1, 1 6 4 . 4 4 1, 1 6 4 . 4 4 (6 4 7 . 8 8 ) (9 5 . 7 4 ) (3 2 6 . 4 6 ) (67.58)26.7825 26 Ol d T o w n 10 9 , 1 0 3 . 1 3 10 9 , 0 6 0 . 9 3 21 8 , 1 6 4 . 0 6 21 8 , 1 6 4 . 0 6 (1 2 1 , 3 8 3 . 7 5 ) (1 7 , 9 3 7 . 8 5 ) (6 1 , 1 6 4 . 8 0 ) (12,660.71)5,016.9526 27 Ol d T o w n S h o p p e s 46 , 6 2 8 . 3 9 38 , 4 6 4 . 2 2 85 , 0 9 2 . 6 1 85 , 0 9 2 . 6 1 (4 7 , 3 4 4 . 4 6 ) (6 , 9 9 6 . 4 7 ) (2 3 , 8 5 6 . 6 9 ) (4,938.18)1,956.8127 28 Pa r k w o o d C r o s s i n g 64 1 , 0 0 7 . 7 0 68 1 , 9 6 6 . 4 2 1, 3 2 2 , 9 7 4 . 1 2 (6 4 1 , 0 0 7 . 7 0 ) (6 8 1 , 9 6 6 . 4 2 ) 0. 0 0 0. 0 0 0. 0 0 0.000.000.0028 29 Pa r k w o o d E a s t 42 2 , 4 9 2 . 1 8 42 2 , 3 3 2 . 5 2 84 4 , 8 2 4 . 7 0 (4 2 2 , 4 9 2 . 1 8 ) (4 2 2 , 3 3 2 . 5 2 ) 0. 0 0 0. 0 0 0. 0 0 0.000.000.0029 30 We s t C l a y 63 , 8 9 1 . 9 5 48 6 , 4 5 9 . 7 7 55 0 , 3 5 1 . 7 2 55 0 , 3 5 1 . 7 2 (3 0 6 , 2 0 8 . 8 0 ) (4 5 , 2 5 0 . 9 3 ) (1 5 4 , 2 9 7 . 4 2 ) (31,938.55)12,656.0230 31 To t a l s $1 0 , 6 7 3 , 2 5 0 . 7 9 $1 0 , 8 8 0 , 1 3 5 . 6 6 $2 1 , 5 5 3 , 3 8 6 . 4 5 (2 , 6 8 6 , 7 2 9 . 9 6 ) (1 , 1 0 4 , 2 9 8 . 9 4 ) (1 , 1 5 5 , 2 2 5 . 9 7 ) $1 6 , 6 0 7 , 1 3 1 . 5 8 ($ 9 , 2 4 0 , 0 0 0 . 0 0 ) ($ 1 , 3 6 5 , 4 6 8 . 7 5 ) ($ 4 , 6 5 6 , 0 0 0 . 0 0 ) ($963,761.25)$381,516.6231 32 A B C D32 33 Fi r s t T i e r Se c o n d T i e r 33 34 34 35 35 36 Fi r s t T i e r ( A ) / S u b t o t a l 1 . 8 0 36 37 Se c o n d T i e r ( A a n d B ) / S u b t o t a l 1 . 5 7 37 38 Th i r d T i e r ( A , B , C , D ) / S u b t o t a l 1.0238 39 (2 ) S e m i a n n u a l p a y m e n t $ 4 , 6 2 2 , 0 0 0 p a i d o n 1 2 / 3 1 / 1 4 f o r t h e L e a s e R e n t a l R e v e n u e M u l t i p u r p o s e B o n d s , S e r i e s 2 0 1 2 A & B 39 40 40 41 (3 ) S e m i a n n u a l p a y m e n t $ 6 8 2 , 5 7 5 p a i d o n 1 2 / 3 0 / 1 4 f o r t h e C e r t i f i c a t i o n s o f P a r t i c i p a t i o n , S e r i e s C 41 42 42 43 (4 ) S e m i A n n u a l l e a s e p a y m e n t $ 2 , 3 2 8 , 0 0 0 p a i d o n 1 2 / 3 1 / 1 4 f o r t h e L e a s e R e n t a l R e v e n u e B o n d s o f 2 0 1 4 ( P e r f o r m i n g A r t s C e n t e r ) 43 44 44 45 (5 ) S e m i a n n u a l b o n d p a y m e n t $ 4 7 9 , 5 3 3 . 7 5 p a i d o n 1 2 / 1 5 / 1 4 f o r t h e C O I T R e v e n u e r e f u n d i n g B o n d s , S e r i e s 2 0 0 6 ( 1 9 9 8 C i t y C e n t e r , R e f u n d e d i n 2 0 0 6 ) 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 53 53Debt Service Coverage (1 ) S e m i a n n u a l b o n d p a y m e n t s $ 4 5 6 , 4 7 0 a n d $ 1 1 0 , 0 1 2 . 5 p a i d o n 1 2 / 3 1 / 1 4 f o r t h e T a x I n c r e m e n t R e v e n u e B o n d s o f 2 0 0 4 A ( C l a r i a n H o s p i t a l - I l l i n o i s S t r e e t P r o j e c t ) a n d R e d e v e l o p m e n t D i s t r i c t B o n d s o f 2 0 1 3 ( I l l i n o i s S t r e e t P r o j e c t ) Th i r d T i e r A - 2