Appendix V - elTRID Pledged Income Tax Increment - Years 5-10 Development Projects Use Square Footage or Rooms Employees Per 1,000 SF or Room Employment Projection Average Annual Wage Rate Total Annual Wages <strong>City</strong> <strong>of</strong> <strong>Pittsburgh</strong> Income Tax <strong>Pittsburgh</strong> Public School District Income Tax Total Annual Income Tax Increment Available Mixed-Use Bldg 1: Retail 10,000 2 20 25,000 500,000 5,000 5,000 10,000 Office 39,000 2.5 98 75,000 7,312,500 73,125 73,125 146,250 156,250 125,000 (1) Over Life <strong>of</strong> <strong>the</strong> TRID: 2,250,000 (1) Discounted not all workers will live in <strong>the</strong> <strong>City</strong> <strong>of</strong> <strong>Pittsburgh</strong>.
Appendix V - elTRID TRID Fund Balance - Years 5-10 Development Projects Annual Property Tax Proceeds from Previous Ongoing Contributions to Annual Income Previous Ongoing Contributions Total with TRID Increment Reizenstein Phase <strong>the</strong> Value Tax Increment to <strong>the</strong> Value Income Tax YR Available (1) II (2) Capture Fund Total Available Capture Fund Increment 1 6 - - 203,389 203,389 - 228,005 431,394 2 7 195,288 163,557 203,389 562,234 - 228,005 790,239 3 8 496,939 588,703 203,389 1,289,032 125,000 228,005 1,642,037 4 9 596,535 588,703 203,389 1,388,628 125,000 228,005 1,741,633 5 10 839,015 588,703 203,389 1,631,107 125,000 228,005 1,984,112 6 11 839,015 588,703 203,389 1,631,107 125,000 228,005 1,984,112 7 12 839,015 588,703 203,389 1,631,107 125,000 228,005 1,984,112 8 13 839,015 588,703 203,389 1,631,107 125,000 228,005 1,984,112 9 14 839,015 588,703 203,389 1,631,107 125,000 228,005 1,984,112 10 15 839,015 588,703 203,389 1,631,107 125,000 228,005 1,984,112 11 16 839,015 588,703 203,389 1,631,107 125,000 228,005 1,984,112 12 17 839,015 588,703 203,389 1,631,107 125,000 228,005 1,984,112 13 18 839,015 588,703 203,389 1,631,107 125,000 228,005 1,984,112 14 19 839,015 588,703 203,389 1,631,107 125,000 228,005 1,984,112 15 20 839,015 588,703 203,389 1,631,107 125,000 228,005 1,984,112 16 21 839,015 588,703 1,427,718 125,000 1,552,718 17 22 839,015 588,703 1,427,718 125,000 1,552,718 18 23 839,015 588,703 1,427,718 125,000 1,552,718 19 24 839,015 588,703 1,427,718 125,000 1,552,718 20 25 839,015 588,703 1,427,718 125,000 1,552,718 14,712,997 10,760,211 3,050,842 28,524,051 2,250,000 3,420,075 34,194,126 Previous VC Fund Balance: 714,875 Previous Income Tax VC Balance: 942,880 Total Balance at end <strong>of</strong> Year 25: 29,238,926 Balance with Income Tax Increment: 35,137,006 (1) Assumes all increment diverted to <strong>the</strong> elTRID VC Fund. Larger projects would likely request stand-alone financing. (2) Additional contributions from Phase I cash flow could be realized.