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-74- <br /> <br />dollars and no/100 (5371,600). The financial assistance fi'om the City shall be based upon the <br />~tbllowing 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 /> 54.600 <br />391,600 <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 ,,,,'ill 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 withheld. <br /> <br /> O) The City will construct the foil.owing 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 (Exhibi. t C). <br /> <br />1. The construction of 143rd 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 />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 />I <br />I <br />I <br />i <br />I <br /> <br /> <br />