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Agenda - Council - 07/25/2017
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Agenda - Council - 07/25/2017
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3/17/2025 3:34:56 PM
Creation date
8/16/2017 2:24:14 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
07/25/2017
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Patrick Brama <br />Analysis of Request for Assistance — Adrenaline Sports Center <br />July 12, 2017 <br />Page 3 <br />Recommendations <br />Based on our review of the developer's pro forma and current market conditions, we <br />conclude that providing $250,000 over a three-year period will help the developer <br />secure its first mortgage financing and facilitate construction of the project in the near <br />term, while ensuring the return on investment does not exceed typical industry <br />standards. <br />Please contact me at 651-697-8512 with any questions. <br />
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