5.1. SR 06-24-2002 - Laserfiche WebLink

Home Browse Search

TIF Projections/ Land Sale Proceeds Financial Capability Development Project Description Total Developer Experience Metro Plains 1. 80 Units of Market $1,002,201 - TIF 1. Primarily multi-family housing experience. 1. Very good access to capital. Plan A Rate Apartments $791,300 - Land 2. Very good mixed use experience. 2. Very good experience with financing similar 2. 8000 sq/ft Retail $1,793,501 - Total 3. Excellent experience with projects of historical projects using a variety of sources. nature. * Cost to acquire property 4. Excellent redevelopment experience. is $1,438,000 5. Sensitive to community concerns. 6. Work well with existing businesses. ** Project could generate 7. Patient but persistent developers. $355,501 in excess funds Highly likely to be able to finance project. Related experience includes Mound (under Metro Plains i 1. 96 Units of Market $814,611 - TIF construction), Eaton Place, Wichita, Kansas; and Plan B ~ Rate Apartments $952,500 - Land Winona Middle School Redevelopment. 2. 10,450 sq/ft Retail $1,767,111 ~ Total * Cost to acquire property is $2,573,400 ** Estimated gap $806,289 United 1. 60 Units Senior Co- $1,124,000 - TIF 1. Excellent experience in commercial development. 1. Very strong financial background. Op Rental $491,164 - Land 2. Good experience in mixed use development. 2. Excellent access to capital. Apartments $1,624,000 - Total 3. New to senior housing. 3. Proven ability to secure financing for similar 2. 2500 sq/ft Retail 4.Guardian Angels will manage co~op. Very size projects. * Cost to acquire property professional, patient, well financed developer. is $2,061,800 5.Reasonable design flexibility. 5. Assembles good development team. ** Estimated gap 6. Has developed 900+ housing units. $446,845 Highly likely to be able to finance project. Related experience includes Centennial Lakes in Edina