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Apache/Hillcrest Redevelopment Project <br /> July 14, 2000 <br /> Page 2 <br /> • <br /> Additionally you asked that I provide an analysis of the ratio of public to private funds being <br /> proposed for this development. This analysis is as follows: <br /> PUBLIC VS PRIVATE FUNDS <br /> • $19 million Total project costs <br /> • $4.75 million Tax increment (public funds) <br /> $14.25 million (private funds) <br /> • 1:3 Ratio of public to private funds <br /> Generally a 1:3 ratio of public to private funds is appropriate in a redevelopment project that is <br /> substandard to the degree of Apache Plaza. That said, the mayor and council, as policy <br /> makers, need to determine their level of comfort using this ratio as only one additional piece of <br /> data in a very complex project structure <br /> cc: Robert D. Thistle, Executive Vice President <br /> kli.Mornson —Apache Parameters <br /> • <br /> • <br />