Title: 00000LST4S.xlsx
Author: dam9882
Last saved by: Beukema, Lemeria D.
Company: City of Colorado Springs

Colorado Springs Urban Renewal Authority Administration Fee Analysis
December 3, 2018

| University Village / North Nevada (Commercial) | | | Gold Hill Mesa (Residential) | | | | Ivywild (Commercial) |
| 2018	2019 | | | 2018 | 2019 | | | 2018 | 2019
| 2009	2013	2017	(estimated)	(estimated) | | 2008 | 2013	2017	(estimated) | (estimated) | | 2012 | 2015	2017	(estimated) | (estimated)
Property Tax TIF | $ 70,931 $ 889,676 $ 1,475,234 $ 2,235,739 $ 2,241,519 | | $	41,175 $ | 343,824 $ 717,519 $ 1,002,666 | $ 1,106,048 | | $	‐ | $	72,288   $	91,842   $	124,011 | $	119,949
County Treasurer's fees | (1,069) | (13,372) | (22,193) | (33,536) | (33,623) | (632) | (5,159) | (10,793) | (15,040) | (16,591) | ‐ | (1,114) | (1,403) | (1,895) | (1,799)
Sales Tax TIF | ‐ | 2,925,027 | 4,201,002 | 4,280,000 | 4,365,000 | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 40,536 | 54,849 | 45,000 | 60,000
Sales Tax Collection Fees | ‐ | (2,025) | (1,886) | (1,800) | (2,000) | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | (143) | (105) | (150) | (150)
Net TIF Revenue	$    69,862    $  3,799,306    $  5,652,157    $   6,480,403  $     6,570,896	$	40,543    $     338,665    $      706,726    $     987,626  $  1,089,457	$	‐	$	111,567   $	145,183   $	166,966   $	178,000
Admin Fee Paid | $	‐ | $	‐ | $ (50,000) | $	(50,000) | $	(50,000) | $	(35,000) | $ (50,000) | $ (50,000) | (*) | (*) | $	(38,900) | $	(56,158) | $	(5,000) | $	(5,000) | $	(5,000)
5% Admin fee | $ 3,493 | $ 189,965 | $ 282,608 | $ 324,020 | $	328,545 | $	2,027 | $	16,933 | $	35,336 | $	49,381 | $	54,473 | $	‐ | $	5,578 | $	7,259 | $	8,348 | $	8,900
3% Admin fee | $ 2,096 | $ 113,979 | $ 169,565 | $ 194,412 | $	197,127 | $	1,216 | $	10,160 | $	21,202 | $	29,629 | $	32,684 | $	‐ | $	3,347 | $	4,355 | $	5,009 | $	5,340
2% Admin fee | $ 1,397 | $	75,986 | $ 113,043 | $ 129,608 | $	131,418 | $	811 | $	6,773 | $	14,135 | $	19,753 | $	21,789 | $	‐ | $	2,231 | $	2,904 | $	3,339 | $	3,560
1.5% Admin fee | $ 1,048 | $	56,990 | $	84,782 | $	97,206 | $	98,563 | $	608 | $	5,080 | $	10,601 | $	14,814 | $	16,342 | $	‐ | $	1,674 | $	2,178 | $	2,504 | $	2,670

South Nevada
2015	2016	2017	Thru Oct 2018

(*) ‐ Pursuant to the Redevelopment Agreement, annual admin fee payable to Authority terminated after 2017

Accounting

$	‐	$

244 $

1,380 $

1,587

Legal	15,864	4,080	5,688	6,575
Other Consultants	75,592	‐	‐	‐

Total

  $   91,456   $	4,324   $	7,068   $	8,162 

Administration Fee for New Projects:
−	Fixed fee at startup will range from $15,000‐30,000/year, depending on the project, in addition to a retainer amount which is held to cover actual costs as incurred (legal, accounting, project management, etc. and 15% over such costs for administrative overhead
−	Fixed fee will continue until project is complete and transition into 3% of TIF revenues
−	Any lump sum scenario request will be analyzed. If viable, it will be brought to Finance Committee for consideration