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Agenda - Council Work Session - 02/14/2017
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Agenda - Council Work Session - 02/14/2017
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3/17/2025 3:03:36 PM
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3/1/2017 1:48:36 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
02/14/2017
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48 Total $1,670,000 <br />49 SUBTOTAL $ 14,013,026 <br />50 Lan ## 8 $ 1,393,920 <br />51 Equipment $ 1,000,000 <br />52 Escrow Taxes $ <br />53 Total Cost of Building, Land and Property Taxes $ 16,406,946 <br />54 Construction Interest $ 600,000 <br />55 SUBTOTAL $ 17,006,946 <br />56 TIF, City Contribution, Flagship Equity $ <br />57 Subtotal Cost without Finance Fee $ 17,006,946 <br />58 Financing fee 823,054 <br />59 Total Cost of Project $ 17,830,000 <br />60 Flagship Development Expense $ 470,000 <br />61 Total Cost of Project <br />62 <br />63 Equity Investment $ 14,936,080 <br />64 Flagship Equity $ 470,000 <br />65 Total Equity and Debt Financing $ 15,406,080 <br />66 TIF Financing and City Fees (City) <br />67 Land Contribution (City) <br />68 Total Project $ 18,300,000 <br />$ 18,300,000 <br />$ 1,500,000 <br />$ 1,393,920 <br />Land <br />
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