Atlanta Beltline Budget Briefing FY21 Budget

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// Atlanta BeltLine Budget Briefing FY21 Budget

Fiscal Year 2021 // May 13, 2020

• Atlanta BeltLine Budget Structure • Budget Overview . TAD Forecast / Cash Projection . FY21 Budget: Revenue / Expense - Summary . FY21 Budget: Revenue / Expense - Detail • Project Summary . Parks & Trails: Planning, Design & Construction . Transit & Transportation: Planning, Design & Construction • Q & A

Revenue Budget Expense

DEBT SERVICE

BL TAD / BONDS PILOT FEES

CAPITAL ABP / COA PROJECTS / ABI PROGRAMS FTA / FHWA GDOT / EPA G & A IA / TSPLOST

Atlanta BeltLine TAD FY 21 Budget FY 20 Budget FY21 Increment Available for Redevelopment

Projected Ending Cash Available at 6/30 $ 30,000,000 $ 18,000,000

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Beginning Cash Available at 7/1 $ 30,000,000 $ 18,000,000

Sources Tax Increment Forecast $ 53,349,524 $ 46,632,035

Total Cash Available for FY21 $ 83,349,524 $ 64,632,035

Uses FY 21 Budget FY 20 Budget

Debt Service on Atlanta BeltLine TAD Bonds (16,687,152) (16,688,198) Debt Service on Bank Loan (Principal) (2,947,712) (2,767,805) Interest Payment on Bank Loan (314,768) (405,761) APS PILOT Payment (2,000,000) (2,000,000) - - Fulton County PILOT Payment (1,350,000) (1,350,000)

IA PCR Direct/Indirect TAD Group (incl URFA) (500,000) (500,000) EPA Revolving Loan Fund (60,000) (41,789) Atlanta BeltLine TAD Other (Audit, Bank Fees, Legal Fees, etc.) (100,000) (100,000)

Total Uses for FY21 (23,959,633) (23,853,554)

Net Available for FY21 Redevelopment $ 59,389,891 $ 40,778,481

Less: Year-End Cash Balance Forward Amount $ (16,000,000) $ (8,000,000)

Net Available for FY21 Redevelopment $ 43,389,891 $ 32,778,481

FY21 Budget FY21 Budget Account Description (TOTAL) (TAD ONLY) FY20 Budget Diff

PROJECTED REVENUES 1 TAD Increment Available for Redevelopment $ 43,389,891 $ 43,389,891 $ 32,778,481 $ 10,611,409 2 Bond Proceeds 14,930,932 $ 23,682,848 $ (8,751,915) 3 Atlanta BeltLine Partnership (ABP) 11,548,115 $ 8,620,500 $ 2,927,615 4 City of Atlanta (COA) 899,613 $ 1,804,500 $ (904,887) 5 TSPLOST 7,440,000 $ 10,599,000 $ (3,159,000) 6 MARTA - $ - $ - 7 Invest Atlanta - Eastside TAD Grant 270,000 $ 192,615 $ 77,385 8 Invest Atlanta - Westside TAD Grant - $ 42,750 $ (42,750) 9 Invest Atlanta - REBA Grant 818,704 $ 462,800 $ 355,904 10 Federal Transit Adminstration (FTA) 1,800,000 $ 1,244,725 $ 555,275 11 Federal Highway Administration (FHWA) 7,682,650 $ 7,350,400 $ 332,250 12 National Park Service 300,000 $ 300,000 $ - 13 GDOT, GOSP, LMIG 550,000 $ 562,000 $ (12,000) 14 Fulton County, Ga Council for the Arts 26,000 $ 26,000 $ - 15 National Endowment for the Arts (NEA) 10,000 $ 10,000 $ - 16 Developer / eX2 65,000 $ - $ 65,000 17 EPA 500,000 $ 500,000 $ - 18 Lease/License/Access/Film Income 505,149 505,149 $ 452,453 $ 52,696 19 Organic Landcare Symposium (OLCS), AH Fees - $ - $ - 20 Non-Cash Revenue: Cap Int, Amort, Depreciation 305,000 $ 283,500 $ 21,500 21 Branding/Licensing Revenue 17,500 $ 17,500 $ - TOTAL PROJECTED REVENUES $ 91,058,553 $ 43,895,039 $ 88,930,072 $ 2,128,481 = > RESTRICTED REVENUE SOURCES $ 47,346,162.10 $ 47,363,661.60 $ (17,500)

FY21 Budget FY21 Budget Administrative and Operating Expenses: (TOTAL) (TAD ONLY) FY20 Budget Diff 1 Salaries & Benefits (51 FT) $ 7,855,774 $ 7,855,774 $ 7,828,361 $ 27,413 2 Lease $ 472,080 $ 472,080 $ 439,611 $ 32,469

3 Interest Expense $ - $ - $ - $ - 4 Other Operating Expenses $ 1,203,793 $ 1,203,793 $ 1,142,111 $ 61,682 TOTAL PROJECTED ADMIN & OPERATING EXP $ 9,531,647 $ 9,531,647 $ 9,410,083 $ 121,564 121,564 Program Expenses: 5 Parks & Trails (Planning, Design, Construction, Art) $ 34,154,123 $ 8,620,099 $ 41,602,500 $ (7,448,377) 6 Transit & Transportation (P, D and C) $ 11,177,149 $ 2,159,352 $ 6,712,500 $ 4,464,649 7 Real Estate Asset Management $ 10,478,835 $ 686,143 $ 13,720,511 $ (3,241,676) 8 Community Planning & Engagement $ 710,220 $ 710,220 $ 1,000,385 $ (290,165) 9 Government Affairs $ 191,000 $ 191,000 $ 150,000 $ 41,000 10 Economic Development $ 2,701,000 $ 236,000 $ 2,490,000 $ 211,000 11 Affordable Housing Development $ 19,948,915 $ 19,948,915 $ 11,958,930 $ 7,989,985 12 Communications & Media Relations $ 359,644 $ 359,644 $ 262,108 $ 97,536 13 Legal $ 806,500 $ 757,500 $ 653,600 $ 152,900 14 Equity & Inclusion $ 80,000 $ 80,000 $ 60,000 $ 20,000 15 Finance $ 196,520 $ 196,520 $ 247,955 $ (51,435) 16 Operations $ 300,000 $ 300,000 $ 300,000 $ - 17 Corporate Development $ 118,000 $ 118,000 $ 78,000 $ 40,000

TOTAL PROJECTED PROGRAM EXPENSES $ 81,221,906 $ 34,363,392 $ 79,236,489 $ 1,985,417

FY21 ABI PROJECTED BUDGET $ 90,753,553 $ 43,895,039 $ 88,646,572 $ 2,106,981

NET INCOME $ 305,000 $ 0 $ 283,500 $ 21,500

DEPRECIATION EXPENSE $ 305,000 $ - $ 283,500 $ 21,500

NET INCOME AFTER DEPRECIATION $ (0) $ 0 $ 0 $ (0)

PROJECTED EXPENSES VARIANCE $ % Administrative and Operating Expenses: FY21 Budget FY20 Budget $ % 1 Salaries & Benefits $ 7,855,774 $ 7,828,361 $ 27,413 0.4% Funds 51 FT positions, Health Benefits, Retirement Benefits 2 Lease $ 472,080 $ 439,611 32,469 7.4% Year 5: Perm Lease began 7/1/15. Payments began 7/1/16, following 12 mo. rent abatement.

3 Interest Expense $ - $ - - 0.0% Interest on RE Acquisitions, Line of Credit

4 Other Operating Expenses $ 1,203,793 $ 1,142,111 61,683 5.4% Includes: Audit Fees, IT Costs, Insurance, Copiers, Telephone, Janitorial, Conferences, Travel, Office Supplies, Training

TOTAL PROJECTED ADMIN & OPERATING EXP $ 9,531,647 $ 9,410,083 $ 121,565 1.3%

2021 FISCAL YEAR Account Description Total Salaries $ 5,720,899 Mobile Communications $ 47,220 EE Costs $ 7,600 Health Insurance $ 1,048,942 Transit / Parking $ 54,120 Medicare (1.45%) $ 82,953 SUTA (2.7% of 1st $9K)+Experience Factor $ 35,905 401A Contributions $ 858,135 Other $ - SALARIES & BENEFITS SUBTOTAL $ 7,855,774

2021 FISCAL YEAR Account Description Total OTHER OPERATING EXPENSES (Continued) Audit & Tax $ 24,000 Bank Charges $ 6,000 Computer Equipment/Software $ 252,981 Conferences (Registration Fees Only ) $ 76,509 Consulting $ 22,000 Copiers $ 39,600 Courier & Packages $ 7,880 Postage (Lease) $ 1,860 Strategic Corporate Sponsorships / Donations $ 31,750 Insurance Expense $ 250,000 Legal & Prof $ 240 Meals & Entertainment (Local) $ 19,940 Meals & Entertainment (Travel) $ 25,171

2021 FISCAL YEAR Account Description Total OTHER OPERATING EXPENSES (Continued) General Meeting $ 10,000 Membership Dues $ 67,876 Office Beverages $ 9,600 Office Supplies $ 45,900 Payroll Processing $ 8,000 Rent $ 472,080 Repairs & Maintenance $ 6,000 Recruitment $ 5,500 Subscriptions - Media/Periodicals $ 31,768 Telephones $ 5,120 Telephone/Communications $ 3,384 Telephone/Conference Calls $ 516 Data Lines $ 9,000 Training & Prof Development $ 56,715

2021 FISCAL YEAR Account Description Total OTHER OPERATING EXPENSES (Continued) Airfare $ 39,418 Hotels/Lodging $ 84,073 Parking/Tolls/Cab/Mileage/Transit $ 13,792 Validated Parking $ 6,000 Janitorial $ 42,000 Sanitation / Trash / Recycling $ 1,200

Fiscal Year 2021 // May 13, 2020

PROJECTED EXPENSES VARIANCE $ % Program Expenses: FY21 Budget FY20 Budget $ % 5 Parks & Trails (Planning, Design, & Construction) $ 34,154,123 $ 41,602,500 $ (7,448,377) -17.9% SS Trail (D&C), NE Trail (D&C), Bill Kennedy Way (D&i-C), NW Trail (D), Enota Park (C), Blvd Crossing (D), WST-North Ext (D), WS BeltLine Connector (D&C) 6 Transit & Transportation (P, D & C) $ 11,177,149 $ 6,712,500 $ 4,464,649 66.5% A-Line/Downtown Streetcar Ext (D), Ponce Streetscapes (D&C), NW Corridor Feasibility Study, RDA Complete Strets (C ), N Ave Signal (C ) 7 Real Estate Asset Management $ 10,478,835 $ 13,720,511 $ (3,241,676) -23.6% Property Management & Maintenance, Acquisitions, Easements 8 Community Planning & Engagement $ 710,220 $ 1,000,385 $ (290,165) -29.0% Master Plan Updates, Planning Consultant (DRC), Meeting Facilities, BeltLine U, AoB Strategist 9 Government Affairs $ 191,000 $ 150,000 $ 41,000 27.3% Federal/State/Local Lobbyist, SSD, Highline Network

PROJECTED EXPENSES VARIANCE $ % Program Expenses: FY21 Budget FY20 Budget $ % 10 Economic Development $ 2,701,000 $ 2,490,000 $ 211,000 8.5% Corridor Activation, e-Wayfinding, Workforce Development 11 Affordable Housing Development $ 19,948,915 $ 11,958,930 $ 7,989,985 66.8% Developer Incentives, Pre-Development & Land Acquisition, Real Estate Broker, Financial Modeling Consultant 12 Communications & Media Relations $ 359,644 $ 262,108 $ 97,536 37.2% Website hosting & support, Newsletter design and printing, Photography/Videography, Annual Report, Salesforce, Podcast, Public Relations 13 Legal $ 806,500 $ 653,600 $ 152,900 23.4% Projected Legal costs for FY21, SSD, Licensing / Branding, Real Estate support 14 Equity & Inclusion $ 80,000 $ 60,000 $ 20,000 33.3% Projected E&I costs for FY21, Neighborhood Nexxus

15 Finance $ 196,520 $ 247,955 $ (51,435) -20.7% Operational Capital, including computers, furniture, phones

16 Operations $ 300,000 $ 300,000 $ - 0.0% Operational Contingency

17 Corporate Development $ 118,000 $ 78,000 $ 40,000 51.3% Strategic Initiatives

TOTAL PROJECTED PROGRAM EXPENSES $ 81,221,906 $ 79,236,489 $ 1,985,417 2.5%

FY21 ABI PROJECTED BUDGET $ 90,753,553 $ 88,646,572 $ 2,106,982 2.4%

PROJECT NON-TAD BOND NET TAD EXPENSES REVENUES PROCEEDS BUDGET

Southside Trail (Design, Construction) $ 15,481,891 $ (5,722,379) $ (8,050,785) $ 1,708,728 Bill Kennedy Way (Design, Construction) $ 2,184,375 $ (250,000) $ (1,184,375) $ 750,000 Northeast Trail (Design, Construction) $ 2,067,744 $ (1,465,872) $ (457,872) $ 144,000 Enota Park (Construction) $ 4,648,003 $ (4,648,003) $ - $ - Boulevard Crossing (Design) $ 748,800 $ - $ (748,800) $ - WST North Extension (Design) $ 2,831,592 $ - $ - $ 2,831,592 Westside BeltLine Connector $ 1,857,190 $ (1,857,190) $ - $ - 1385 RDA Trailhead (Design, Construction) $ 1,213,905 $ - $ - $ 1,213,905 Eastside Trail Capital Improvements $ 714,550 $ - $ - $ 714,550 Arts & Culture $ 403,800 $ (230,500) $ - $ 173,300 Signage & Wayfinding $ 585,299 $ - $ (292,649) $ 292,650 Other Projects (SIP Update, Trail Counters, Brownfield Assessment/Cleanup, etc.) $ 1,416,974 $ (500,000) $ (125,600) $ 791,374

Total $ 34,154,123 $ (14,673,944) $ (10,860,081) $ 8,620,099

Southside Trail West - Construction

• Construction of a .75-mile trail between the terminus of the Westside Trail at University to just west of the 75/85 Connector

• The Trail will connect emerging job centers such as Pittsburgh Yards, Lee+White, and Murphy Crossing

• The Trail will serve the Pittsburgh, Capital View and Capital View Manor neighborhoods

• Trail will include lighting and security cameras throughout the corridor Southside Trail - West Construction $ 13,405,615 ABP $ (4,061,358) Bond Proceeds $ (7,843,157)

Total - Net to TAD $ 1,501,100

Southside Trail - Design • The design of the Southside Trail is largely being funded using federal dollars and includes a 4-mile trail between Glenwood Avenue and University Avenue. • Due to the scale of the work, construction will be phased. The first phase of drawings are anticipated to be shovel ready by March 2021, and the remaining work by July 2021. • When complete, this section of trail will connect the completed Eastside and Westside Trails, resulting in 11 miles of contiguous trail. Southside Trail (Design) Design $ 2,076,276

FHWA (via ARC/GDOT) $ (1,661,021)

Bond Proceeds $ (207,628) Total - Net to TAD $ 207,628

Bill Kennedy Way Interim Trail – Design/Construction

• Design of a 0.5-mile of in-street running trail from Memorial Drive to Glenwood Ave, which will provide the critical link between the Eastside Trail and the Southside Trail

• This project will provide linkage between the Eastside Trail and the Southside Interim Trail, which is critical for public safety

• This trail is complicated by a narrow commercial corridor and an above grade crossing over I-20

Bill Kennedy Way Design $ 1,500,000 Construction $ 684,375 GDOT (LMIG) $ (250,000) Bond Proceeds $ (1,184,375) Total - Net to TAD $ 750,000

Northeast Trail

• Design of a 3.9-mile trail between Monroe Drive and the Lindbergh MARTA Station

• The design is split into 3 sections as follows:

• NE Trail – North (Design) . Buford Highway to MARTA Lindbergh Station . 80% federally funded . Alternative Analysis/Concept Development complete summer 2020 . Detailed Design to start summer 2020 • NE Trail Central . Trail Construction from Buford Springs Connector to Westminster . Design to be completed by summer 2020 • NE Trail South • Monroe Dr to Westminster Dr (along Piedmont) • Alternative Analysis/Concept Development complete summer 2020 • Detailed Design TBD • The Trail will serve Morningside/Lenox Park, Ansley Park, Piedmont Heights, Sherwood Forest, Armour-Ottley, and Peachtree Hills neighborhoods

• Trail will include lighting and security cameras

Northeast Trail Design, Construction $ 2,067,744 FHWA (via GDOT / ARC) $ (1,152,000) Bond Proceeds $ (457,872) ABP $ (313,872) Total - Net to TAD $ 144,000

Enota Park - Construction • Situated on the Westside Trail between I-20 to the north and Lucile Avenue to the south • ± 8-acre park comprised of three separate parcels • Park amenities include a seating area with a solar PV shade structure, large lawn areas, elevated boardwalk and overlooks, a pavilion, vegetated retention basin and rain gardens, half-court basketball, splashpad, play area, hardscape, landscape, and irrigation, lighting and security cameras, site furnishings, and separate bathroom and utility buildings • Design is complete

Enota Park Construction (incl CA Services) $ 4,648,003 ABP $ (4,348,003) National Park Service $ (300,000) Bond Proceeds $ - Total - Net to TAD $ -

Boulevard Crossing Park

• This existing park is located on the southside of the BeltLine at the intersection of Boulevard and Englewood. Design work includes the expansion of the existing temporary playing fields to create a 22+ acre park

• Design will revisit the park master plan to better account for a larger park footprint, topographic opportunities, and better coordinate with AHA and other adjacent property owners

Boulevard Crossing Park Design $ 748,800

Bond Proceeds $ (748,800) Total - Net to TAD $ -

Westside Trail North Extension - Design • Design of 1.3-mile trail between the existing Westside Trail terminus at Lena Street, extending north to tie into PATH’s Westside BeltLine Connector • Design services have been procured and are projected to begin summer 2020, with a design schedule of approximately 1 year • The WST Extension Trail will serve Adair Park, West End, Oakland City, Westview, Ashview Heights, Mozely Park, and Just Us neighborhoods • The Trail will connect 4 parks and improve access to 4 schools

Westside Trail Extension (North) Design $ 2,831,592 $ -

Bond Proceeds $ - Total - Net to TAD $ 2,831,592

Westside BeltLine Connector Trail – Design + Construction

• Construction of a 3-mile trail from Northside Drive to West Marietta near Huff Road. The project comprises both a connector trail and mainline BeltLine trail

• Project is a joint venture between Path and ABI • Construction is in progress on the first two segments, while design progresses for the third segment

Westside BeltLine Connector Trail Design & Construction $ 1,857,190 ABP $ (1,557,190) Ga Outdoor Stewardship Program (GOSP) $ (300,000)

Total - Net to TAD $ -

1385 RDA Access Point – Design + Construction • Design of an access point to the Westside Trail from Ralph David Abernathy Blvd at S. Gordon Street • The community has petitioned and championed for the addition of this access point and related safety improvements • This trail requires coordination with GDOT for safety improvements across RDA • This access point will safely connect KIPP Strive and businesses north and south of S. Gordon Street with upgraded pedestrian and bicycle facilities

1385 RDA Access Point Design & Construction $ 1,213,905

Bond Proceeds $ - Total - Net to TAD $ 1,213,905

Fiscal Year 2021 // May 13, 2020

PROJECT NON-TAD BOND NET TAD EXPENSES REVENUES PROCEEDS BUDGET

Downtown Streetcar East Ext [A-Line] (Design) $ 2,250,000 $ (2,070,000) $ - $ 180,000 Ponce de Leon Streetscape $ 6,087,036 $ (5,478,332) $ (304,352) $ 304,352 NW Corridor Feasibility Analysis $ 1,600,000 $ - $ - $ 1,600,000 Renew Atlanta Bond Projects: RDA $ 880,113 $ (880,113) $ - $ - North Avenue Signal Upgrade $ 210,000 $ (210,000) 0 $ - BeltLine Transit Standards $ 150,000 $ - $ (75,000) $ 75,000

Total $ 11,177,149 $ (8,638,445) $ (379,352) $ 2,159,352

Atlanta Streetcar East Extension – Design Study Preliminary engineering database development to complete the following tasks: • Solidify streetcar alignment from Jackson Street terminus to Ponce De Leon Avenue on the BeltLine East Corridor • Document all utility and geometric challenges • Identify potential station locations • This is a collaborative effort between ABI, MARTA, and City of Atlanta

Downtown Streetcar - East Ext Engineering Design $ 2,250,000 ARC / FHWA / FTA $ (1,800,000) Eastside TAD $ (270,000) Total - Net to TAD $ 180,000

Ponce Streetscape - Construction • Construction of a 0.7-mile Streetscape of Ponce de Leon Ave between Boulevard/Monroe Drive and Freedom Parkway • Construction is expected to take 18 months to complete. Contractor procurement is in progress. • This is a GDOT local let project funded by Livable Centers Initiative-ARC, with an 80/20 split between federal and local funds (REBA and ABI funds) • Streetscape includes sidewalks, lighting, access point to the Beltline, bike lane improvements/extension, traffic signal reconstruction, pavement markings, and utility installation and relocation

Ponce de Leon Streetscape Construction $ 6,087,036 ARC / FHWA / LCI $ (4,869,629) REBA Grant $ (608,704) Bond Proceeds $ (304,352) Total - Net to TAD $ 304,352

Northwest Corridor - Feasibility Study • This study will examine feasibility of both transit and trail alignments in northwest quadrant of the BeltLine Loop • The study will cover an area from the MARTA Bankhead Rail station in the west to the MARTA Lindbergh Station/Armour Yard area • Three alternatives under study for transit:  CSX Rail Corridor  Norfolk Southern Corridor  Non-rail corridor alignment • BeltLine trail will not be in the rail corridor

NW Corridor Feasibility Analysis NW Feasibility Analysis $ 1,600,000

Bond Proceeds $ - Total - Net to TAD $ 1,600,000

Ralph David Abernathy Complete Street - RDA Complete Street Project Construction • Complete street – 800 feet of construction running Ralph David Abernathy Blvd $ 880,113 from Willard Avenue to East Ontario Avenue • 100% Renew Atlanta-Funded Complete Street Conversion Project Renew Atlanta Bonds $ (880,113) • Permitting is in progress and scheduled to complete in spring 2020. Anticipated construction Total - Net to TAD $ - start is summer 2020

North Avenue Traffic Signal Work - Construction • Central Park Place/Argonne Ave to Glen Iris Drive • 100% Grant-Funded Traffic Signal Communications (Utility) Project • Construction to start in Summer 2020

North Avenue Traffic Signal Upgrades North Avenue Traffic Signal Upgrades $ 210,000

REBA Grant $ (210,000) Total - Net to TAD $ -

PROJECT NON-TAD BOND NET TAD EXPENSES REVENUES PROCEEDS BUDGET BAHAB Reimbursements $ 2,000 $ - $ - $ 2,000 TADAC Reimbursements $ 2,000 $ - $ - $ 2,000 Meeting Facilities / Printing / Signage $ 34,000 $ - $ - $ 34,000 Planning Consultant: DRC Standards $ 150,000 $ - $ - $ 150,000 5-year Updates to SubArea Master Plans $ 450,000 $ - $ - $ 450,000 BeltLine University $ 20,000 $ - $ - $ 20,000 Consultant: AoB Engagement Strategist $ 35,000 $ - $ - $ 35,000 Other (DRC, Tours, Mailchimp, etc.) $ 17,220 $ - $ - $ 17,220

Total $ 710,220 $ - $ - $ 710,220

PROJECT NON-TAD BOND NET TAD EXPENSES REVENUES PROCEEDS BUDGET

Newsletter Printing/Design/Distribution $ 12,000 $ - $ - $ 12,000 Photography (events, proj development, etc.) $ 30,000 $ - $ - $ 30,000 Video (events, proj dev, grand openings, etc.) $ 30,000 $ - $ - $ 30,000 Advertising (Art on the Beltline, Specific Dev) $ 12,000 $ - $ - $ 12,000 Annual Report, Collateral Design/Printing $ 54,000 $ - $ - $ 54,000 Website Hosting & Support $ 57,244 $ - $ - $ 57,244 e News - weekly (email): Mailchimp $ 3,000 $ - $ - $ 3,000 SalesForce $ 16,000 $ - $ - $ 16,000 Public Relations - National Media $ 18,000 $ - $ - $ 18,000 Social Media Consultant $ 30,000 $ - $ - $ 30,000 Podcast Development, Production, Management $ 90,000 $ - $ - $ 90,000 Special Events, Tours $ 7,400 $ - $ - $ 7,400

Total $ 359,644 $ - $ - $ 359,644

PROJECT NON-TAD BOND NET TAD EXPENSES REVENUES PROCEEDS BUDGET

Federal/State/Local Lobbyist $ 144,000 $ - $ - $ 144,000

Tours (Elected Officials) $ 6,000 $ - $ - $ 6,000

Special Services District (SSD) $ 30,000 $ - $ - $ 30,000

Highline Network $ 6,000 $ - $ - $ 6,000

Interceptor $ 5,000 $ - $ - $ 5,000

Total $ 191,000 $ - $ - $ 191,000

Fiscal Year 2021 // May 13, 2020

PROJECT NON-TAD BOND NET TAD EXPENSES REVENUES PROCEEDS BUDGET Sources: FY19 Carryover (projected) [20% net avail] $ 1,287,300 $ - $ - $ 1,287,300

FY19 Revenue Calculation Carryover (actual) [75% unanticipated] $ 8,353,560 $ - $ - $ 8,353,560

FY20 Carryover (projected) [20% net avail] $ 2,673,680 $ - $ - $ 2,673,680

FY20 Carryover (projected) [75% unanticipated] $ 3,659,085 $ - $ - $ 3,659,085

FY21: > 20% of Net Avail TAD Increment or $1M $ 3,975,290 $ - $ - $ 3,975,290

Total (Sources) $ 19,948,915 $ - $ - $19,948,915

Uses:

Predevelopment & Land Acquisition $ 11,213,815 $ - $ - $ 11,213,815

Affordable Housing Incentives $ 8,000,000 $ - $ - $ 8,000,000

Chosewood Park Planning / AHA Coordination $ 300,000 $ - $ - $ 300,000

Equity Tool, Live Along the BeltLine Websites, Tours $ 28,600 $ - $ - $ 28,600

Housing Services: Implementation, Broker, Financial Modeling $ 229,500 $ - $ - $ 229,500

Interest: Line of Credit $ 177,000 $ - $ - $ 177,000

Total (Uses) $ 19,948,915 $ - $ - $19,948,915

PROJECT NON-TAD BOND NET TAD EXPENSES REVENUES PROCEEDS BUDGET

Corridor Activation & Monetization $ 46,000 $ - $ - $ 46,000 Workforce Development $ 56,000 $ - $ - $ 56,000 Commercial Vending / Feasibility Assessment $ 36,000 $ - $ - $ 36,000 E-Wayfinding & Handicap Accessibility $ 25,000 $ - $ - $ 25,000 Economic Messaging / Statistics Dashboard $ 40,000 $ - $ - $ 40,000 Conduit Maintenance $ 65,000 $ (65,000) $ - $ - Property Acquisition / Commercial Affordability $ 2,200,000 $ - $ (2,200,000) $ - Façade Improvement Program $ 200,000 $ - $ (200,000) $ - BeltLine Business Documentaries $ 20,000 $ - $ - $ 20,000 Other (Existing Business Outreach, Statistics Dashboard, $ 13,000 $ - $ - $ 13,000 BeltLine Tours)

Total $ 2,701,000 $ (65,000) $ (2,400,000) $ 236,000

PROJECT NON-TAD BOND NET TAD EXPENSES REVENUES PROCEEDS BUDGET

Outside Legal Services $ 445,500 $ - $ - $ 445,500 Title, Survey & Other RE Related Expenses $ 60,000 $ - $ - $ 60,000 RFP / RFQ Ads $ 12,000 $ - $ - $ 12,000 Special Services District (SSD) $ 120,000 $ - $ - $ 120,000 SST, Opportunistic RE Acq: ROW, Titles, Appraisals $ 91,500 $ - $ (31,500) $ 60,000 Licensing / Branding $ 77,500 $ (17,500) $ - $ 60,000

Total $ 806,500 $ (17,500) $ (31,500) $ 757,500

PROJECT NON-TAD BOND NET TAD EXPENSES REVENUES PROCEEDS BUDGET

Equity & Inclusion Framework $ 60,000 $ - $ - $ 60,000

Neighborhood Nexus Data Development & Visualization $ 20,000 $ - $ - $ 20,000

Total $ 80,000 $ - $ - $ 80,000

PROJECT NON-TAD BOND NET TAD EXPENSES REVENUES PROCEEDS BUDGET

Furniture & Fixtures $ 51,470 $ - $ - $ 51,470

Computer Equipment, Software $ 145,050 $ - $ - $ 145,050

Total $ 196,520 $ - $ - $ 196,520

PROJECT NON-TAD BOND NET TAD EXPENSES REVENUES PROCEEDS BUDGET

ABI Contingency / Strategic Initiatives $ 418,000 $ - $ - $ 418,000

Total $ 418,000 $ - $ - $ 418,000

Fiscal Year 2021 // May 13, 2020