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TIF Projections/ <br /> Land Sale Proceeds Financial capability <br /> Development Project Description Total Developer Experience <br /> <br />TOLD 1. 110 Units of Market $991,614 - TIF 1. Primarily commercial retail and office developers, l. Strong financial background. <br />Plan A Rate Apartments $825,000 - Land 2. Developing mixed use and residential expertise in 2. Good access to capital. <br /> 2. 4,000 sq/ft Retail $1,816,614 - Total St. Louis Park project. 3. Proven ability to secure financing for large retm <br /> 3. Very good to excellent comments on work in and office projects. <br /> * Cost to acquire property Maple Grove, Richfield and St. Louis Park. 4. Relatively new to housing financing. <br /> is $1,533,400 4. Large entertainment retail development in Seattle. <br /> 5. Good attention to design. <br /> ** Project could generate 6. Sensitive to community/neighborhood concerns. <br /> $283,214 in excess funds <br />TOLD 1. 64 Units of Market $464,911 - TIF <br />PianB Rate Apartments $405,000 - Land <br /> 2. 6,000 sq/ft Retail $869,911 - Total <br /> Related experience includes St. Louis Park, Highly likely to be able to finance project. <br /> * Cost to acquire property Excelsior Boulevard and Grand: 625 rental attd 35 <br /> is $2,061,800 owner housing units 77,000 square feet retail and <br /> 125, 000 square feet office. <br /> ** Estimated gap <br /> $1.2 million <br />TOLD 1. 12,000 sq/ft Retail $174,037 - TIF <br />PlanC $118,919 - Land <br /> $292,956 - Total <br /> * Cost to acquire property <br /> is $1,092,400 <br /> ** Estimated gap <br /> $800,000 <br /> <br /> <br />