Laserfiche WebLink
city-owned Nature's Edge Business Center <br />X—Significantly increase the City's tax base. <br />FJJIWT* *: <br />SOURCES NAME <br />AMOUNT <br />Bank Loan First National <br />$4,547,000 <br />Od-Lcr Private Funds <br />$ <br />Owner Cash Equity <br />191,817 <br />. . ...... . . ...... ... . .... F --- ---- --- <br />$3,470,000 <br />State Grant/Loan <br />$ 1,000,000 <br />EDA Micro Loan <br />100,000 <br />EDA Forgivable Loan <br />200,000 <br />Tax Abatement <br />$ 1,153,878 <br />ID Bonds <br />$ <br />TOTAL <br />$ 6,192,695 <br />USES <br />AM OUN <br />Land Acquisition <br />$ 680,895 <br />Site Development (site prep, wetland mitigation, <br />grading, gaslinc, etc.) <br />$ 630,000 <br />Construction-Building <br />$3,470,000 <br />Machinery & Equipment <br />$ 1,000,000 <br />Working Capital <br />$ 200,000 <br />Wedand Mitigation <br />$ 11,800 <br />Debt Service Reserve <br />$ <br />Contingencies <br />$ 200,000 <br />TOTAL $6,192,695 <br />City of F ' Ik River <br />Tai; Abatement Policy <br />Amended May 2006 -13- <br />