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11 <br />Heritage Millwork Inc. TIF Summary <br />The developer has stated that without assistance being provided as upfront <br />through land write down, the project would not be viable due to the <br />following factors: <br />1)using equity to pay for upfront land costs would impact HMI’s working capital <br />2)bank would require higher equity investment from PLM properties if upfront <br />assistance were not provided <br />3)limitations on the level of bank financing the project can secure due to the size of <br />the capital investment and project <br />Financial Needs Review <br />Page 425 of 464