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04 03:~5~ ~RRIDIEMT TECHMO~LOGY <br /> <br />7G27929~72 <br /> <br />p-3 <br /> <br />Il. <br /> <br />Financing <br />A. Prm¢ct Co,cs <br /> L~d <br /> Con~u-uc6on <br /> E~ment $ 0 <br /> Tomi U~ ~755,197 <br /> <br />1.5 acr~ a~ $1.6I/SF <br />Es'dmxt¢ - 13,000 SF at $50.00/SF <br /> <br />Pzopo~¢d Buainess [:~mncm! $ouxc~s <br /> Bank $ 574,924 <br /> Owne: Eqm~ i 75,076 <br /> T~x Rcba~ Finance ~ 105.~7 <br /> Tot~ Sources $ 755.197 <br /> <br />90 % Building Cost <br />10% if using SBAS0~ via Bank <br />50/50 City and Coun .ty* <br /> <br />Total City, Assmtance Propoted: $ 52,598.50 <br />Total Cotm~yAssistance P:opo~ed: $ 52,598.50 <br /> <br />j~b & Wage Ooal~ (to be met witizim 2 years of building occupancy) <br />Job Creation 5 full-me it $15.00/hour (mir~um) <br />Job Retention 13 full-r.i~c at $13,00-75.00/hour <br /> <br />trinancing Applications <br />Tax Rebate Financing assistance, or 'I'~ Abatemev~t, is Woposcd ~o be provided Ln <br />thc for~ of "pay-as-you-go" basi~, b x~-hich the buyer (Gradient Technology) pays <br />improvement costs up front, and then is reimbursed annually with 100% of <br />abatement proce:ds upon receipt of anmaal re~[ eztaee taxes by dec City md County <br />£or a maximum teem/amount equal ~o the land cost or 7-years, ~he carE=r, Thc <br />buyer could con~ider an a~signment of the "pay-as-you-go" note ~o · batik for <br />"upiront equi9"' f-maneing. <br /> <br />Other. <br />Pro.~osa! is co. Zinge~t u'?on kt~er of approval from quahfied lendi'~ institution. <br /> <br />P:oposal ks contmgerzt upon approval~ £rom the Elk tLivex Economic Developmen~ <br />Authozity, City Coundi and Shcrbume Coum~ Board of Commissioners. <br /> <br />Proposal m exclusive of oroject contractor/bualdar. Plo=,cvcr, Arncon Consri~ac=on <br />or ~c ~downez p~tae~h~P wo~d c~sidcz ~cc~nng ~n assi~men~ of the <br />abatement mote m ex~ge ff ~c buy~ b~ds wi~ Amcon Cons=ut=on. <br />Ad,mend acre, S, beyond buyers atonal ne~s, may also be c~sidered if bufl~g <br />x~ith Amcon. <br /> <br />p~epted: <br />B.~'"- - <br /> <br /> <br />