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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />! <br />l <br />( <br /> <br />~, <br /> <br />'" <br /> <br />1 ,695,000 <br />117,000 <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 />$35,150,000 <br /> <br />$ 35,150,000 <br />$127,084,250 <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 B.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 />