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Project Summary <br />The Project: This project consists of the acquisition of land and the <br />construction of a 5000 sq.ft. day-care facility with <br />capacity for 100 children. <br />Project Costs: Construction $260,000 <br />Equipment Acquisition 30,000 <br />Land 70,000 <br />Fees 20,000 <br />Bond Discount 10,000 <br />Miscellaneous 10,000 <br />Total Cost $400,000 <br />Inprovements: <br />The facility will be a 5000 sq. ft. building which will <br />be easily adaptable to other uses such as an office or <br />medical clinic. <br />Owner Occupant: <br />Kinder -Care Learning Center will be the owner occupant <br />of this building and they will guarantee all payments <br />(^ <br />for the bond. <br />Utilities: <br />There will be no significant expenditure or significant <br />increased need for city services. <br />Financing: <br />The financing will be a tax exempt commercial develop- <br />ment note sold to a financial institution such as a <br />bank. This note or bond will not be sold to the public. <br />There will be no resources to the city. <br />Taxes: <br />The average tax bill for other Kinder -Care Learning <br />Centers in this area is $10,000.00. <br />Employment: <br />When this facility is operating at or near capacity <br />there will be 12 new jobs created. It is Kinder-Care's <br />policy to hire from the community. <br />