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13 <br />the foreseeable future. By not completing this project, it would be logical for Life Fitness to consider a new, long- <br />term, location for their manufacturing facility. <br />D. SOURCES & USES OF FUNDS <br />Attach additional information as Part 8 <br />SOURCES (Phase 1) AMOUNT <br />Bank Loan <br />Other Loans $ <br />Owner Equity $ <br />Fed Grant/Loan $ <br />State Grant/Loan $ <br />Industrial Development Bonds <br />Tax Increment Financing <br />Tax Abatement <br />Revolving Loan Fund <br />Other <br />TOTAL $ <br />USES AMOUNT <br />Land Acquisition $ 450,000 <br />Site Development (demo/ clean up) $ 135,000 <br />Construction $ 4,000,000 <br />Machinery & Equipment $ ??? <br />Architectural/Engineering Fees $ <br />Debt Service Reserve $ <br />Contingencies $ <br />Other $ <br />TOTAL $ <br />Total Amount of business assistance requested (Revolving Loan Fund, Abatement, Tax Increment <br />Financing or another source): $??? (What is the financing GAP, or what are the abnormal <br />development costs?) Simply asking for as much as possible will not suffice, a brief justification is <br />requested. <br />Will this project be leased or owned by the applicant?: Owned <br />Will you be forming a separate, but affiliated LLC to own the new facility'?: No, it will be the same <br />as the primary building—Brunswick Corporation <br />