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city-owned Nature's Edge Business Center <br /> X_Significantly increase the City's tax base. <br /> D. SOURCES & USES <br /> SOURCES NAME AMOUNT <br /> Bank Loan First National $ 4,547,000 <br /> Other Private Funds $ <br /> Owner Cash Equity- $ 191,817 <br /> Fed Grant/Loan $ <br /> State Grant/Loan $ <br /> EDA Micro Loan $ 100,000 <br /> EDA Forgivable Loan $ 200,000 <br /> Tax Abatement $ 1,153,878 <br /> ID Bonds $ <br /> TOTAL $ 6,192,695 <br /> USES AMOUNT <br /> Land Acquisition $ 680,895 <br /> Site Development (site prep,wetland mitigation, <br /> grading,gasline,etc.) $ 630,000 <br /> Construction-Building $ 3,470,000 <br /> Machinery&Equipment $ 1,000,000 <br /> Working Capital $ 200,000 <br /> Wetland Mitigation $ 11,800 <br /> Debt Service Reserve $ <br /> Contingencies $ 200,000 <br /> TOTAL $ 6,192,695 <br /> City of l?Ik River <br /> Taa Abatement Policy_ <br /> Amended May 2006 - 13- <br />