Laserfiche WebLink
-192- <br /> <br />dollars and no/100 (5371,600). The financial assistance from the City shall be based upon tl'~e <br />following calculations: <br /> <br />Public Improvements (as defined in paragraph (j) below) <br />Site Improvements <br />Capitalized Interest ~ 2 years @ 9.75% <br />Total <br /> <br />267,000 <br /> 50,000 <br /> J4,6oq <br />371,600 <br /> <br /> The public improvement costs will be will be paid by the city only if all property taxes <br /> and City fees and charges on the Development Property are current and a Certificate of <br /> Occupancy has been issued for the structure. The cost of site improvements will be reimbursed <br /> to the Developer on a Pay-as-you-go basis. The Developer will waive any interest or penalty for <br /> any payment withl~eld. <br /> <br /> (j) The City will construct the following Public Improvements for the Development <br />Property in conformance with the requirements of the Developer, to fulfill the provisions of the <br />Site Improvement Plan (Exhibit C). <br /> <br />1. The construction of 143~d Lane and Ebony Street to serve the Development Property. <br /> <br />2. Extension of sanitary .sewer, storm sewer and water to serve the Development <br /> Property. <br /> <br />I <br /> <br />I <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I' <br />I <br />I <br />I <br /> <br /> <br />