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7.1 SR 06-03-2024 (2)
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7.1 SR 06-03-2024 (2)
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11/15/2024 1:25:51 PM
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6/3/2024
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8 <br />Heritage Millwork Inc. TIF Summary <br />Sources and Uses of Funds <br />Sources Amount Uses Amount <br />Bank/SBA 504 $17,480,385 Land $1,372,140 <br />Cash Equity $2,116,947 Site improvements $177,125 <br />TIF $1,372,140 Building Construction $12,000,000 <br />City/EDA Microloan $200,000 SAC/WAC fees $104,727 <br /> Machinery & Equipment $5,160,500 <br /> Office Furniture and Fixtures $200,000 <br /> Contingency $1,300,000 <br /> Professional Fees $255,000 <br /> Other (Interest Reserve)$600,000 <br />Total $21,169,472 Total $21,169,472 <br />Page 422 of 464
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