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7.4. HRSR 01-03-2022
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7.4. HRSR 01-03-2022
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4/28/2022 2:42:38 PM
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12/30/2021 10:50:50 AM
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City Government
type
HRSR
date
1/3/2022
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bakerti Ll <br /> y <br /> novj,for ton-nr-nay. <br /> New Proposed Housing TIF District: <br /> Jackson Hill Phase 11 Project <br /> Financial Review <br /> • Request for financial assistance <br /> • Assist with extraordinary soils correction costs <br /> • Estimated to be in the range of $850,000 - $1 ,062,800 <br /> • Increase from original with additional due diligence <br /> • Annual tax increment revenues provides additional cash flow to <br /> support debt repayment <br /> • Letter provided by lender <br /> • Up to maximum term of 15 years to meet request <br />
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