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8.0. EDSR 05-13-1996
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8.0. EDSR 05-13-1996
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3/1/2016 4:03:31 PM
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City Government
type
EDSR
date
5/13/1996
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PROPOSED PROJECT <br /> Describe Project: NPw stPe1 Building <br /> Location: McChesney Industrial Park <br /> Block 1 Lot 9 <br /> Site Plan Attached: Yes x No <br /> Type of Proiect: <br /> Commercial x Industrial Residential <br /> New Construction Expansion Rehab <br /> JOB CREATION <br /> Current Number of Employees: 2 <br /> Current Payroll: $110 ,000_00 <br /> Number of Jobs Created: 2 <br /> • Number of Jobs Retained: 2 <br /> Revised Payroll: $1A5 ,000 _00 <br /> • PROJECT COSTS <br /> Land Acquisition: $ 45 ,non nn <br /> Site Development: $ 4 , 000 nn <br /> Construction: $ 320 , 000 .00 <br /> Machinery & Equipment: 49 ,400 .00 <br /> Architectural and <br /> 2 ,000 .00 <br /> Engineering Fees $ <br /> Legal Fees S 1 , 000 .00 <br /> Interest During Const. $ 3 ,400. 00 <br /> Debt Service Reserve $ <br /> Contingencies $ <br /> TOTAL $ 424 , 800 On <br /> SOURCE OF FINANCING <br /> Conventional Loan $ 2D0, 000 .00 <br /> Equity $ <br /> SBA Loan $ <br /> Revenue Bond $ <br /> • Tax Increment Financing $ 35 , 000 .00 <br /> Grant(s) $ <br /> Other $ <br /> TOTAL $ -195 ,000 .00 <br />
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