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2024-06-12 CC Packet
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2024-06-12 CC Packet
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6/7/2024 5:13:37 PM
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Centerville TIF 1-8 <br />June 5, 2024 <br />Page 4 <br />financing requirements). The coverage for the mortgage without the tax increment is at a level <br />that will be unfeasible for the Development with respect to securing financing. <br />The cash-on-cash return is estimated at approximately 4.3% in year five and 6.3% by year ten <br />with financial assistance and 1.6% and 3.5%, respectively, without assistance. <br /> <br />
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