east liberty station: realizing the potential - City of Pittsburgh

Appendix VI - elTRID
TRID Fund Balance - Year 10+ Development Projects
Annual
Property Tax Previous Ongoing
Annual Income Tax Previous Ongoing Total with
TRID Increment Contributions to the
Increment Contributions to the Income Tax
Yr Available(1) Value Capture Fund Total
Available
Value Capture Fund Increment
1 11 - 1,631,107 1,631,107 - 353,005 1,984,112
2 12 112,204 1,631,107 1,743,311 - 353,005 2,096,316
3 13 112,204 1,631,107 1,743,311 - 353,005 2,096,316
4 14 184,835 1,631,107 1,815,942 - 353,005 2,168,947
5 15 393,009 1,631,107 2,024,116 - 353,005 2,377,121
6 16 719,157 1,631,107 2,350,264 52,000 353,005 2,755,269
7 17 977,317 1,631,107 2,608,424 52,000 353,005 3,013,429
8 18 977,317 1,631,107 2,608,424 52,000 353,005 3,013,429
9 19 977,317 1,631,107 2,608,424 52,000 353,005 3,013,429
10 20 977,317 1,631,107 2,608,424 52,000 353,005 3,013,429
11 21 977,317 1,427,718 2,405,035 52,000 125,000 2,582,035
12 22 977,317 1,427,718 2,405,035 52,000 125,000 2,582,035
13 23 977,317 1,427,718 2,405,035 52,000 125,000 2,582,035
14 24 977,317 1,427,718 2,405,035 52,000 125,000 2,582,035
15 25 977,317 1,427,718 2,405,035 52,000 125,000 2,582,035
16 26 977,317 977,317 52,000 1,029,317
17 27 977,317 977,317 52,000 1,029,317
18 28 977,317 977,317 52,000 1,029,317
19 29 977,317 977,317 52,000 1,029,317
20 30 977,317 977,317 52,000 1,029,317
15,203,844 23,449,660 38,653,504 780,000 4,155,050 43,588,554
Previous VC Fund Balance: 5,789,265 Previous VC Balance: 7,532,295
Total Balance at end of Year 30: 44,442,769 Balance with Income Tax Increment: 51,120,849
(1) Assumes all increment diverted to the elTRID VC Fund. Larger projects would likely request stand-alone financing
with only partial contribution to VC Fund.
(2) Additional contributions from Reizenstein Phase I cash flow could be realized.