Real Estate Taxes projected for Fiscal 2022
Black A (Hotel & Restaurant) net 313,060
Black B (Ballpark) 0
Block C (Hotel-Restaurant-Retail-Garages)
Block D (Apartments) net 1,628,067
Total projected real estate proceeds generated from the DIF for FY22 were $1,941,127.
Even more interesting the baseline for taxes for FY22 is $175,401 (114,179 plus 60,071) in the proforma. Any real estate taxes collected up to $175,250 will go to the General Fund.
Only amounts in excess of $175,250 will go towards the DIF and bond payments.
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