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<br /> -~ <br /> . <br /> " <br /> of the general obligation debt. Reducing the Site Costs to less . <br /> than $1.60 per square foot provides the appropriate incentives <br /> and is advantageous for both the City and the Redeveloper and <br /> reimburses the Redeveloper for its eligible costs through the <br /> - <br /> taxes it is generating. In short, the Project is financially <br /> feasible, the level of assistance customary and the incentives <br /> reasonable. <br /> JRC/MEM/kh <br /> Encl: Exhibits I, II, III to 12/23/94 Memo <br /> Exhibits I, VII, VIII to 12/7/94 Memo <br /> . <br /> 8 . <br />