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04/20/1995 10: 27 6122880953 AP.In P/0'SHALralt4ESSY PA13E 02 <br /> s <br /> Request for Tax Increment Assistance <br /> ARNOLD Development is requesting that the City pro.%ide assistance to the project in the <br /> amount of 5240,000. The assistance would be required up front to defray the high land cost <br /> associated «pith this type of development. Due to the City pro�'idin~g this assistance, I �0 d able <br /> to demolition 3 existing dwelling units that currently ba� to msse se value Of$300,00 00,000. <br /> replace it v.-ith a 18 unit owner/occupied townhouse de:e P 1 approximately 545,000. <br /> The additional tax generated from this new development to the City • pp Y <br /> Enclosed please find a deposit in the amount of$5,000.00 f or the TIF analysis. <br /> 1 am anxious to begin this project and add value to the.neigh�b rkebto a I need of this type <br /> be consistent with the City's plan of providing housing to a very <br /> of product. <br /> Since , <br /> 'e J. Gregory S <br /> esident <br />