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Agenda - Parks and Recreation Commission - 08/10/2023
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Agenda - Parks and Recreation Commission - 08/10/2023
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3/21/2025 11:37:16 AM
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8/4/2023 2:48:10 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Parks and Recreation Commission
Document Date
08/10/2023
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Project Financials: <br />O <br />0 <br />N <br />O <br />W <br />) <br />cn <br />a <br />E <br />a) <br />a) <br />�O <br />Q <br />0 <br />0 <br />co <br />IF). A 25-year district. <br />ivate investment for eve <br />E <br />a) <br />Q <br />N (.6 4 2 <br />a) <br />O <br />co <br />co <br />O <br />O <br />O <br />0 <br />O <br />co <br />0 <br />E <br />.X <br />0 <br />0 <br />7 <br />.( <br />Q <br />cn <br />0 <br />Q <br />LL <br />0) <br />0 <br />Q <br />cn <br />a) <br />Q <br />co <br />> <br />O <br />0 <br />Q <br />a) <br />L <br />U- <br />0 <br />M 4 <br />Financial Im <br />Positive Cit <br />(Park Fees, Trail Fees, impact fees, <br />ct to the cit <br />No direct cost im <br />rovision would be considered to ensure no excess <br />0 <br />0 <br />L <br />O <br />U <br />0 <br />0 <br />M <br />nificant Public Benefit <br />N <br />Assists city in achieving policy and planning goals and targets (Comprehensive guide plan, Met Council targets, etc.) <br />M <br />But For Test <br />Without support, the project generates a cash -on -cash return of less than 0.5%. With support it generates between 3-4%. <br />While this is low and ideally will improve, as a non-profit PHS has different cash flow return requirements than a for -profit builder. <br />N <br />SEEKING: <br />A non -binding letter or resolution of support (or similar) from the City indicating support for TIF, so additional capital can be raised. <br />N <br />co <br />
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