Original Proforma

 Click here to see proforma

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.