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III. PROJECT FINANCIAL INFORMATION <br /> <br />1. Complete the following table: <br /> <br />Total cost of (re)development $18,000,000.00 <br />Total cost of environmental costs (cleanup sites only) $265,825 <br />Total cleanup costs as a percentage of total <br />development costs <br />~1.5% <br />Total ERF cleanup costs as a percentage of total cleanup <br />costs <br />90% <br />Current property value $1,633,000.00 <br />Estimated future property value $18,000,000.00 <br />Current property taxes $59,431.26 <br />Estimated future property taxes $360,000.00 <br />Previous ERF grant awards: list the amount, year, grant <br />round, and source (ERF or Minnesota Brownfields Gap <br />Financing Program) <br />NA <br />Number of new jobs (FTEs) created at the finished site 2 <br />Number of retained jobs (FTEs) at the finished site N/A <br />Number of jobs created during construction 150 <br />Does this application request funds for property <br />acquisition? <br /> Yes No <br />Does this application request funds for demolition? Yes No <br />Have other sources of public or private funding for this <br />project been pursued? <br /> Yes No <br />Is this project waiting to secure any additional funding <br />that is necessary to commence construction? <br /> Yes No <br />Is/Will the project be in a TIF district? Yes No <br />Expected annual TIF proceeds and timeframe None <br /> <br /> <br />