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<br />At our April 22 City Council meeting, we will have a workshop and I intend to get the <br /> <br />Is there anything related to the market or viability of this project that has changed on <br />and construction costs are probably going <br />down, but lending restrictions and investor cold feet are probably on the rise. I did <br />read one article that said that the housing market will NOT crash like it did in 2008/9 <br />because during that recession, we went in with an excess of available homes, <br />whereas in this case, we still have a housing shortage, and recession or not, people <br />will need those homes. Any insight you have would be appreciated. <br /> <br />Thanks. <br /> <br />Mark Statz, PE <br />City Administrator/Engineer <br />City of Centerville <br /> <br /> <br />Hi Mark, <br />carefully watching the lending market and how underwriting may evolve. Our <br />current financial assumptions use an 80% loan to cost financing model. Keeping our <br />fingers crossed that lenders will continue to loan at the 80% level. We also believe <br />that lenders will now be diving deeper into the financials of our existing properties, <br />taking longer to get loan approvals. <br /> <br />Hope your workshop goes well. Look forward to getting more updates. <br />Regards, <br /> <br />Roger Fink <br />Trident Development, LLC <br /> <br /> <br /> <br /> <br />7241 Main Street <br />No recent news. <br /> <br />Peltier Estates <br />No recent news. <br />th <br />Centerville Storage (20Ave. Mini Storage) <br />Building Architectural Plans have been submitted and are being reviewed. The site layout <br />was modified to a 3-building arrangement (see left), after the developer was unable to come <br />to an agreement with the adjacent property owner to vacate an ingress/egress easement. <br /> <br />