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Value of Collateral <br /> Book Value Cost Existing Liens <br /> Land $ 296,500 5 349,351 5 <br /> Buildings $ $1,824,769 $ <br /> Machinery & Equip. $ $ 80,600 <br /> Other <br /> Other $ $ $ <br /> 4. JOB & WAGE GOALS <br /> Present # of Employees 13 FTE Total Payroll <br /> Jobs To Be Created; <br /> Please provide the following information on jobs you expect to create within 2-years. <br /> Average Are the Jobs Expected <br /> Number Hourly Annual Permanent or Hiring <br /> Job Title of fobs Wage Salary Temporary? Date <br /> Driver 4 $18.00 Before 5/2017 <br /> Clerical 2 $16.00 Before 5/2017 <br /> Maintenance 2 $20.00 Before 5/2017 <br /> *If loan is for job retention only, please explain in Business Plan. <br /> **Wage does not include benefits;please see attached spreadsheet.Average hourly <br /> benefit is $5.21 <br /> Program Objectives <br /> (Check all that apply) <br /> X The project contributes to the fulfillment of the city's approved and adopted <br /> economic development and/or redevelopment plans. <br /> The project prevents or eliminates slums and blight. <br /> X The project increases the local tax base. <br /> The project brings a structure into compliance with an existing building code <br /> violation. <br /> Page 6of8 11 M E I E I 1 T <br /> NATURE <br />