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RC 18- <br />Terms for Assistance to Developer <br />Maximum term of 10 years <br />Estimated par amount (present value) of Tax Abatement to <br />the developer is $520,762, payable with interest at 5.0% <br />This is based on total estimated available city Tax <br />Abatement from the housing units, not including land <br />value <br />13 <br />ЊЌ <br />RC 18- <br />Northland Opinion <br />Based on review and analysis of the application Northland <br />is of the opinion that the project would not reasonably be <br />expected to occur solely through private investment within <br />the reasonably foreseeable future <br />Estimated returns are not at a level sufficient to attract <br />private investment for the project <br />City Tax Abatement alone is estimated to not be sufficient <br />for the project to be financially feasible <br />Developer is seeking other sources of public finance <br />assistance from Anoka County and Metropolitan Council <br />14 <br />ЊЍ <br />Northland Public Finance7 <br />52 <br /> <br />