Item A: Downtown Financing Strategy

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Cash Flow Details GO Bond for LCC project and Eliminate Downtown Urban Renewal District Tax Increment Financing Note: In order to show the full picture of what happens over time in this scenario, this cash flow double-counts debt (principal) proceeds: first, as an amount available to spend on projects, and second, as the debt is repaid over time. Debt Pmts $ In Millions FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20-31 Totals SOURCES Beginning Balance $0.0 $0.6 $0.3 $0.0 $0.1 $0.1 $0.1 $0.2 $0.2 $0.0 Urban Renewal Tax Increment Funds* $2.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2.4 General Fund Revenue* $0.9 $0.9 $1.0 $1.0 $1.0 $1.0 $1.1 $1.1 $1.1 $1.3 $10.3 Debt Issued $9.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $9.4 Local Option Levy Proceeds $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 GO Bond Property Taxes for Debt Service Pmts $0.0 $0.7 $0.7 $0.7 $0.7 $0.7 $0.7 $0.7 $0.7 $7.7 $13.0 Total Sources $12.7 $2.2 $1.9 $1.7 $1.7 $1.8 $1.9 $1.9 $2.0 $9.0 $35.1 USES LCC, VA, Farmers Market Project Costs $11.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $11.0 Police Officers $0.7 $0.8 $0.8 $0.8 $0.8 $0.8 $0.9 $0.9 $0.9 $0.0 $7.3 Debt Issuance, Legal & Professional Services $0.3 $0.1 $0.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.5 Project Administration $0.0 $0.2 $0.2 $0.1 $0.1 $0.1 $0.1 $0.1 $0.1 $0.0 $0.7 Debt Service $0.0 $0.8 $0.8 $0.8 $0.8 $0.8 $0.8 $0.8 $0.8 $9.0 $15.2 Total Uses $12.0 $1.8 $1.8 $1.6 $1.6 $1.7 $1.7 $1.7 $1.7 $9.0 $34.6 Ending Balance $0.6 $0.3 $0.0 $0.1 $0.1 $0.1 $0.2 $0.2 $0.3 Note: Numbers may not add due to rounding. * See Attachment G for full description.