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<br />~.l , <br />j' <br /> <br />\. <br /> <br />1,695,000 <br />117,000 <br /> <br />b Y -HLe-R.C- a......(Jt;e-R.. <br /> <br />1,750,000 <br />750,000 <br />500,000 <br />49,174,000 <br />75,000 <br />324,000 <br />$ 54,385,000 <br />$ 91,934,250 <br /> <br />$29,700,000 <br />;3;;; }'ff( J OOt? <br />$ ...n'''7nn nntv <br /> <br />$121,634,250 <br /> <br />2. ECONOMIC FEASIBILITY OF DEVELOPMENT WITHIN THE ZONE <br /> <br />American Metro Study, an independent economic research firm, conducted a market <br />demand leconomic feasibility analysis of the proposed residential land uses within the <br />proposed TIRZ. In 1997 Horwath Hospitality Consulting provided the City with a <br />market study (Attached) relating to the above project. The market study provides an <br />excellent analysis of the total project. The overall results indicate a strong demand and <br />success for such a project. <br /> <br />3. THE ESTIMATED AMOUNT OF BONDED INDEBTEDNESS TO BE INCURRED <br /> <br />The estimated bonded indebtedness for non-education project costs is $ 92 million, <br />which include principal and interest. <br /> <br />4. THE TIME WHEN RELATED COSTS OR MONETARY OBLIGATIONS ARE TO BE <br />INCURRED <br /> <br />Schedule 8.1 shows the time when revenue is expected to be available to pay for the <br />project costs. <br /> <br />Project Plan and Reinvestment Zone Financing Plan <br /> <br />5 <br />