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MAY- 4-95 THU 9.33 METAL CRAFT FAX N0. 4410798 P, 05 <br />• PROPOSED PROJECT <br />Describe Project: To build a manufacturing plant/office building with approximately <br />12,000 square feet. Neos Inc. will require 4800 square feet now, and approximately 3000 more in <br />the next twa years. Metal Craft also needs expansion room and will take over the existing area <br />rented by Neos now. It is far more cost effective to build a larger building now and rent the space <br />until needed by Neos, or Metal Craft. <br />Location: Lot 6 and 7 of McChesneys Industrial Park. <br />Type of Project: Industrial <br />JOB CREATION <br />Current Number of employees <br />Current Payroll <br />Number of Jobs Created <br />• Number of Jobs Retained <br />Revised Payroll <br />PROJECT CQ~T~ <br />NEOS PROSPECTIVE TENANTS <br />3 full time, 2 part time 11 full time <br />$120,000.00 $360,000.00 <br />6 10 <br />5 I1 <br />$240,000.00 $690,000.00 <br />Land Acquisition: $60,000.00 <br />Site Development: $20,000.00 Estimate <br />Construction: $380,000.00 Estimate <br />Machinery and Equipment: <br />Architectural and Eng.. Fees: <br />Legal Fees: <br />Interest During Construction: <br />Debt Service Reserve: <br />Contingencies <br />Total: $4b0,000.00 <br />SOURCE OF FINANCING <br />Conventional Loan $300,000.00 <br />Equity ~(~ w00.oo <br />SBA Loan <br />Revenue Bond <br />Tax Increment Financing $80,000.00 Estimate <br />Grant(s) <br />Other <br />Total $ ~ ~~ ~ ~~ <br />