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• <br />C. PUBLIC PURPOSE <br />It is the policy of the City of Lino Lakes that the use of Tax Abatement should <br />result in a benefit to the public. Please indicate how this project will serve a <br />public purpose. <br />Job Creation: <br />Number of existing jobs <br />Number of jobs created by project <br />Average hourly wage of jobs created <br />New Industrial development which will result in additional private investment in <br />the area <br />Enhancement and/or diversification of the city's economic base <br />The project contributes to the fulfillment of the City's Strategic Plan for Economic <br />Development <br />Accomplishment of City's goals related to the Town Center development <br />Removal of blight <br />Rehabilitation of a high profile or priority site <br />Other: <br />D. SOURCES & USES <br />SOURCES <br />Bank Loan <br />Other Private Funds <br />Equity <br />Fed Grant/Loan <br />State Grant/Loan <br />EDA Micro Loan <br />Tax Abatement <br />ID Bonds <br />TOTAL <br />NAME <br />AMOUNT <br />$.. <br />USES AMOUNT <br />Land Acquisition $ <br />Site Development $ <br />Construction $ <br />Machinery & Equipment $ <br />Architectural & Engineering Fees $ <br />Legal Fees $ <br />Interest During Construction $ <br />Debt Service Reserve $ <br />Contingencies $ <br />TOTAL <br />