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Proposed Development <br />(Continued) <br />96 Unit multifamily workforce housing: <br />-Approximately $24M in total development cost <br />-MWF would offer $535,000 for .85 acre City portion of land (asking price/sf) <br />-MWF would request a 15 year TIF note for workforce project (same as <br />Boulevard). <br />-In terms of traffic, MWF estimates approximately 638 trips per day (see below) <br />-MWF open to collaborating with other developers on outlot. <br />-MWF is flexible on size and layout of apartment building but less <br />units would impact what we can offer for the City’s land.