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2023-11-15 EDA Packet
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2023-11-15 EDA Packet
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11/16/2023 11:13:50 AM
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11/16/2023 11:13:41 AM
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Centerville and Ebert Partnership <br />¤Current and continued collaboration <br />between the City of Centerville and Ebert <br />Companies <br />¤Project is financially feasible with the use <br />of Tax Increment Financing (TIF). <br />¤Requesting 15 years of Paygo TIF with an <br />estimated NPV of ~$2.5M* <br />¤Financial gap, costs, and qualified <br />expenditures <br />¤Financial investment in the City of <br />Centerville <br />¤Provide feedback on proposed project <br />¤Potential next steps moving forward <br />* Per initial TIF estimates from Northland Securities. Valuation and net present value (NPV) to <br />be verified upon further analysis. <br /> <br />
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