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5. EDSR 07-09-2007
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5. EDSR 07-09-2007
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11/7/2008 8:51:30 AM
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11/7/2008 8:51:29 AM
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City Government
type
EDSR
date
7/9/2007
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D. SOURCES & USES <br />SOURCES <br />Bank Loan <br />Other Private Funds <br />Owner Cash Equity <br />Fed Grant/Loan <br />State Grant/Loan <br />EDA Micro Loan <br />Tax Abatement <br />ID Bonds <br />TOTAL <br />NAME AMOUNT <br />Riverview community bank $ 3,466,224 <br />Metal Craft partners $ 480,000 <br />none none <br />none none <br />none none <br />Elk River & Sherburne Co. $ 853, 776 <br />none none <br />USES AMOUNT <br />Land Acquisition <br />Site Development & construction <br />Machinery & Equipment - Moving & new <br />""It is our desire to secure low interest loans in the uture for these purchases <br />TOTAL <br />$ 4,800,000 <br />$ 853,776 <br />$ 3,795,300 <br />$ 1,650,000** <br />$ 6,299,076 <br />
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