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07-25-1996
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07-25-1996
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Last modified
8/20/2018 5:46:38 AM
Creation date
8/7/2018 10:07:29 AM
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MV EDC
EDC Document Type
Council Packets
Date
7/25/1996
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BUILDINGS "K" AND "N" ; .Y71 <br /> • <br /> MOUNDS VIEW BUSINESS PARK v <br /> TIF PROPOSAL SUMMARY <br /> TIF - ELIGIBLE COSTS '^A4\: <br /> n/ M� <br /> v <br /> Building K: <br /> Acquisition Costs: $ 278,000 — <br /> Site Development Costs: $ 470.000 ��^.� :-- �✓ <br /> Tr 2 <br /> m $ 748,000 <br /> Building N: fir- <br /> Acquisition Costs: $1,201,500 f���—� � - °c%`� <br /> Site Development Costs: $ 590,000 <br /> $1,791,500 — ,` 7"-` `"c.2 <br /> Total Costs: $2,539,500 Aik <br /> Pay-as-you-4o Revenue Note TIF Assistance: <br /> (Terms: 13-years, 7% interest, 10% to Admin) <br /> Building K: $ 676,383 <br /> Building N: $1,156,796 <br /> Total TIF Reimbursement: $1,833,179 <br /> Developer's Unreimbursed Costs: - $ 706,321 <br /> TIFK&N (p)6/96 k--\` , <br /> 11111, <br /> 3 <br />
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