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M <br />3 . Cost Breakdown ., <br />The applicant, has supplied the following cost breakdown of <br />1i <br />the amount to be financed: <br />N <br />In additionor a all City expenses not spec-if 'led above, <br />unpaid assessments or assessments pending but not yet levied will <br />have to be ascertal"ned and paid at the time of closing in accorIIIIIIIIIIIIIIII <br />fance winth, the City's poli*CYIN <br />4. Economil"Ic Fact,orsl <br />It is est, i*mated that there wi 11 be approximately 250 new jobs <br />created by the project at an annuialpayroll of approximately <br />III <br />$50,2001000 based on, currently previiall i ing wages. <br />IMM-9- <br />a <br />'Tax exempt commercial development revenue financing over • 25 <br />year period with, a 10 year mandatory put, is contemplated. <br />Crionin & Marcottler Inc. has submitted a letter indicating that <br />the Project iis economically feasiblel and that the bonds can be <br />successfully issued, and sold,* <br />a <br />6* Financial information-. <br />'The applicant r a $5#1000 non-refundable cash <br />-leposit and a, $lOrOOO refundable cash deposit to the city at the <br />time of application. <br />