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Project Financials: <br />Q <br />0 <br />Q <br />L <br />O <br />a) <br />co <br />a) <br />-o <br />a) <br />c <br />co <br />N M 4 <br />Property Tax Impact <br />Positive City Financial Impact: <br />a) <br />a) <br />co <br />Q <br />u▪ i <br />a) <br />a) <br />a) <br />a) <br />u_ <br />co <br />a) <br />(73 <br />Q <br />0 <br />U <br />c <br />O <br />U <br />c <br />a) <br />E <br />Q <br />_O <br />a) <br />a) <br />Ca) <br />' O <br />Q <br />- 0 <br />c -0 <br />MM� <br />' S <br />0 > <br />aU <br />}' co <br />Q) O <br />c CN <br />a) <br />O <br />a)� <br />a) <br />a) <br />O <br />d) <br />ti <br />( X <br />O <br />W Q <br />(� < <br />' X <br />O O <br />Q <br />co CO <br />- 00 <br />ft <br />X <br />O U <br />c <br />O <br />c <br />O- °) <br />co <br />• Q <br />No direct cost impact to the city. Minimizes city risk. <br />� N M <br />Significant Public Benefit <br />600-700 new residents, local employers need additional workers, business have additional patrons <br />> <br />0) <br />U <br />▪ Q <br />a) <br />a) <br />O <br />W <br />L <br />co <br />a) <br />E <br />N <br />O <br />c <br />(0 <br />CT) <br />a) <br />LE <br />ti <br />U <br />a) <br />O <br />Q <br />a) <br />c <br />a) <br />0) <br />(6 <br />a) <br />L <br />N <br />U <br />ate) <br />co <br />• <br />co . _U <br />a) a) <br />o U <br />a) � <br />- Q <br />9- 0) <br />O c <br />'X <br />o� <br />N <br />� N 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 />= <br />-J=1 <br />COD <br />C▪ IN <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 />M <br />CO <br />