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7.3 SR 05-15-2023
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7.3 SR 05-15-2023
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7/20/2023 12:14:17 PM
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5/12/2023 12:43:21 PM
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5/15/2023
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Beaudry Oil Project Summary <br />Terms of Assistance Agreement <br />• Abatement/subsidy agreement between City and Developer includes terms <br />of financial assistance <br />• Up to $138,204 or <br />• Maximum 11 years <br />• PayGO as reimbursement upon project completion <br />• Business subsidy requirements <br />• 7 new jobs created within 2 years of benefit date <br />• Average wage estimate of $31.77/hour <br />• 7 additional jobs to be created within 5 years <br />110 <br />
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