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<br />VII. RESOLUTION <br /> <br />A city council resolution must be adopted in conjunction with the submittal of the application <br />package. The required element is a council resolution which approves the project from the <br />governing body of the municipality where the project site is located. The following blank <br />resolution is included as an example for your convenience. You may choose to reformat it, but <br />make sure to include all of the statements that appear in our example. <br /> <br />Table 1 - Funding Sources Summary <br /> <br /> <br /> <br /> <br /> <br /> <br />Funding source Amount <br />Status (committed, <br />pending decision <br />date, etc.) <br />Comments <br />Equity $14,839,498 Committed <br />Bank Financing – <br />Construction Note <br />$71,420,000 Term sheet pending <br />from multiple lenders – <br />estimated to be <br />complete in 30 days <br /> <br />Bank Financing – TIF <br />Note <br />$12,348,491 Pending TIF City <br />approval and term <br />sheets from multiple <br />lenders – estimated to <br />be complete in 60 days <br /> <br />Hennepin County ERF <br />funding <br />$64,000 Pending (summer <br />2018) <br /> <br />DEED cleanup funding $219,200 Pending (summer <br />2018) <br /> <br />The Village <br />unrestricted match for <br />DEED funding <br />$38,800 Committed <br />86