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76 <br /> • LGA LOSS <br /> The developer recognizes the need to reimburse the City for prospective losses for <br /> Local Government Aids. The developer proposes an immediate deposit of funds <br /> totalling $250,000 which represents the present value of the estimated LGA loss for <br /> s this first phase bond issue. <br /> SUMMARY <br /> Attached for your review and consideration are the financial justifications of this first <br /> phase TIF request. We greatly appreciate the cooperation of the City and its staff in <br /> assisting this redevelopment project. <br /> Sincerely, <br /> UB C OURCE GROUP, INC. <br /> 7 <br /> 1 <br /> Patrick W. Pelstring <br /> • Chief Executive Officer <br /> PWP\dp <br /> ` cc: Mary Rothchild <br /> Mary Ippel <br /> ..l <br /> 3 <br /> 1 <br /> s <br /> i <br /> i <br /> . l <br />