|
Table 3. Plaza Funds Allocation-2004 Estimates
<br /> Proiects
<br />
<br />
<br />Fiscal
<br />Year
<br />
<br />Net Tax
<br />Increment
<br />OPA/
<br />DDA
<br />Obli ations
<br />
<br />
<br />dmin History Walk/
<br />W. Estudillo
<br />Pedestrian
<br />Connection
<br />
<br />Downtown
<br />Im vts.
<br />
<br />Town Ha1I
<br />S uare
<br />Other
<br />Capital
<br />Im vts. Commercial
<br />Rehab.
<br />Program
<br />2004-OS 170,000 140,000 280,000 255,000 2,505,000 1.500,000 0
<br />2005-06 190,000 100,000 300,000 1,000,000 1,500,000 90,000
<br />2006-07 480,000 100,000 300,000 90,000
<br />2007-08 350,000 100,000 310,000 90,000
<br />2008-09 350,000 110,000 310,000 10,000
<br />source. ~,rry o~ pan [.eanaro neaevetopment 2gency
<br />Table 3a. Plaza Funds Allocation- 2007 Update
<br /> Proiects
<br />
<br />
<br />Fiscal
<br />Xear
<br />
<br />Net Tax
<br />Increment
<br />OPA/
<br />DDA
<br />Obli ations
<br />
<br />
<br />dmin History Walk/
<br />W. Estudillo
<br />Pedestrian
<br />Connection
<br />
<br />Downtown
<br />Im vts.
<br />
<br />Town Hall
<br />S uare
<br />Other
<br />Capital
<br />1m vts.
<br />Commercial
<br />Rehab.
<br />Program
<br />2004-05 304,823 73,846 285,476 295,016 286,422 1,237,416 101,460 0
<br />2005-06 403,526 94,438 316,391 1,374,351 539,166 7,236 2,350 0
<br />2006-07 768,045 104,628 324,496 230,520 247,929 7,758 0 0
<br />2007-08 838, 697 129, 723 433, 71 J 159,442 1, l i 6, 999 135,170 100, 094 S0, 000
<br />2008-09 622, 502 133, 615 446, 726 NiA 1, 098, 062 1, 234, 943 N/A S0, 000
<br />~oarce: ury of pan Leanaro xeaeveiopmenr t~gency; uroan .~na~ytics. r figures m rta[ics represent pro~ecnons
<br />The Agency issued Tax Allocation Bonds (TABs) in 2002 in this project area. As of July 1,
<br />2004, the TABs balance was $7 million. The money was allocated to capital improvement
<br />projects, including the History Walk, the Nest Estudillo Pedestrian Connection, the Downtown
<br />Lighting & Pedestrian Improvements, the Davis/East 14th Lighting & Pedestrian Improvements,
<br />pre-development costs of Town Hall Square (including property acquisitions at 290 Davis Street
<br />and 1199 East 14~' Street), and other smaller projects. Between July 1, 2004 and June 30, 2007,
<br />$3.7 million was spent on capital improvement projects, leaving a TABs balance, including
<br />interest, of $3.8 million. The majority of the remaining TABS balance is allocated to two
<br />projects - $2.3 million to implementation of the downtown improvement projects and $1.4
<br />million to development of Town Hall Square.
<br />Mid-Term Review Page S
<br />
|