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Charge Estimated EDA Developer <br />Type Entity Cost Contribution Contribution <br />SAC Met Council $ 118,000 $ 59,000 $ 59,000 <br />WAC City of Ramsey $ 91,863 $ 91,863 $ - <br />$ 209,863 $ 150,863 $ 59,000 <br />* Developer provides 1/2 of SAC Charges upfront and it is reimbursed to Developer in 5 years if <br />a qualifying restaurant occupies the space for at least 6 months for the year. (without Interest) <br />EDA finances the remaining SAC and WAC Charges ($150,863) for 5 years at the EDA loan rate <br />The Developer only makes loan payments if there is not an approved <br />restaurant occupying the space for more the 6 months for any calendar year. <br />59 SAC UNITS <br />Units Rate Total <br />59 2000 <br />69 1557 <br />118000 SAC <br />91863 WAC <br />209863 <br />14 <br />