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TIF Application Request <br /> • Pay-as-you-go(not an upfronttndingf <br /> source) <br /> —The City has set the policy to avoid risk. <br /> • The total construction cost is assessed at: <br /> $3.7 million <br /> • They are asking fol 320,000 over 25 years <br /> @ 6%=$46,839 per year.For a total of 1.1 <br /> million. <br /> TIF Application Request EDA Discussion Topics <br /> • Tax Increment is Requested for: • It is important to redevelop the site? i h CJLS,, <br /> ho <br /> —Building demolition—$61,490 ` IIsrthis <br /> p the <br /> -rththf�`pr�the� property? <br /> IN <br /> —Public Improvement(utilities,curb,and gutter) • >Shoitld ht e EDA provi2le ncen tve. <br /> -$90,000 <br /> —Site Improvements—$169,010 Should the EDA proceed urther with <br /> certification? <br /> T l p( A �� i4Shs <br /> 1 d <br /> p,� <br /> �` <br /> oz V, A7 <br /> r � <br /> � ��,V' Com✓�,` �tr �, ��6 <br /> S 'CO2 <br />