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8.0. EDSR 03-11-1996
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8.0. EDSR 03-11-1996
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City Government
type
EDSR
date
3/11/1996
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PROPOSED PROJECT <br /> Describe Project: PTTReHASF. LAND AND BUTLDING FOR M,ANUFACTING <br /> EXPANSION. TO ACCOMMODATE SALES GROWTH. <br /> Location: LOTS 6 and 7 OF MCCHESNEY PARK. <br /> Site Plan Attached: Yes No x <br /> Type of Project: <br /> Commercial Industrial x Residential <br /> New Construction Expansion Rehab <br /> JOB CREATION <br /> Current Number of Employees: 22 <br /> Current Payroll: $475 , 0nn annually <br /> Number of Jobs Created: 5 -96, 4-97, 4-98 <br /> Number of Jobs Retained: a l l <br /> Revised Payroll: $585,000.00 - 9e <br /> PROJECT COSTS * SEE ATTACHED SHEET 1 <br /> • <br /> Land Acquisition: $ <br /> Site Development: $ <br /> Construction: $ <br /> Machinery & Equipment: $ - - <br /> Architectural and <br /> Engineering Fees $ <br /> Legal Fees $ <br /> Interest During Const. $ <br /> Debt Service Reserve $ <br /> Contingencies $ <br /> TOTAL $ <br /> SOURCE OF FINANCING *SEE ATTACHED SHEET 1 <br /> Conventional Loan $ 183, 921 . 25 <br /> Equity <br /> SBA Loan"IF $ 100, 000. 00 <br /> Revenue Bond $ <br /> Tax Increment Financing $ 50. 103.75 <br /> • Grant(s) $ <br /> Other $ <br /> TOTAL $ 114, 095 00 <br />
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