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55 <br />way the County has no risk of paying more than what they receive in new taxes and their total <br />contribution will be limited to about $400,000 which is 50% of the expected annual debt service. <br />The following graph compares the County's total expected annual tax increment with the <br />proposed contribution for payment of debt services. <br />Projected County Tax Increment <br />54 , <br />Cu m u lativ <br />SUM," <br />SLOOMM <br />$500)000 <br />50 <br />e N et Tax I n c rem ent � 25, 577, 254 <br />Cash Flow Projections <br />• The projection does not discount of cash flows for debt service or revenues <br />• Development Scenari <br />14 10 r�l rl ry ry ry [Y N N N [ Y Y ri m m m ;A m <br />D* � it it it it :P- it <br />❑Net Incrernent ■ DSContrihution <br />By partnering with the County in this manner we believe we can strengthen the financing plan, <br />helping to ensure its approval and improving the marketability of the debt. By contributing to <br />the success of this landmark economic development project the County improves the potential <br />for all three jurisdictions to reap the benefits of this renewal effort. <br />Assumptions <br />Debt: Total Debt Amount: $10,000,000 <br />Term: 20 Years <br />Interest Rate: <br />5% <br />Annual Debt Service: $802,500 (level debt service structure) <br />No structuring of debt to match the increment is assumed, however it is expected that <br />there will be delay of principal of 1 -2 years <br />o is based on square footage values below current market value <br />