east liberty station: realizing the potential - City of Pittsburgh

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 the Value
Tax Increment to the 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 of Year 25: 29,238,926 Balance with Income Tax Increment: 35,137,006
(1) Assumes all increment diverted to the elTRID VC Fund. Larger projects would likely request stand-alone financing.
(2) Additional contributions from Phase I cash flow could be realized.