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5 al Economic Factors! <br />e <br />it is estimated, that ther will be approximately 31 ew jobs' <br />created by the project, at, an a nnual payroll of approximately n <br />$2110,251 based on currently prevailing wages. In addition, there <br />0 - 0 <br />*111 be, 82 temporary *olbs during the constru <br />w J ction period at a <br />payroll of $1 5124,000- <br />61 Fl In an c <br />0 OL 0 <br />'Tax exempt, hious ing revenu,ei, financing in the amount of <br />$16,000,000 over a, 30 year periiod is contemplated, It is <br />anticipated that the project will be privately placed and will be <br />Seicured 'by, cash, or a, letter of credi't. <br />a <br />7 is F 3'0-'nancial Information. <br />The applicant, has submittedi a, $5,000 non-refundable cash <br />deposit and, a, $1101,000 refundable cash deposit to the City at the <br />0 <br />t:Lmel, of' applicati'Lon. <br />0 0 0 <br />No financial datia 'is available on the 120.Mlted partnership at <br />th,is timel Mr# G,ol,dstei,n and Mr. Obierlander have submitted <br />personal, financial statements showing a net worth of $1 3141936 <br />and $12,9517,000 resplecti'velly. Financial statements for Bruce M. <br />Goldstein & Associates, Inc. also have been provilded"J, <br />8. Comments, and 'R,eciomm end at i loins. <br />Assuming thie Project is of the construction and type for <br />a 0 Is 41 <br />which ehie City wisihes to utili,ze i i ts tax exempt financing, theni <br />W <br />a & <br />(a) A legal oplinion relating to the title of the property <br />IL <br />dol <br />shoulid be supplied prior to the time of closing, <br />i * <br />(c), All, c,losts of the City and 'Its agents, all other <br />-2-ttributable c,osts of' the financing and the Clety administrative <br />fleel, should, bile paid at the timei of closing, <br />