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4. Cost Breakdownill <br />The, appill'iciant has supplied the following cost breakdowni <br />i <br />AcquiLsiti'Lon., reconstruction, improvementr <br />e <br />blettrmient -C 3 <br />L. , o e <br />r xtension o.L- pro'ect. <br />Construction Costs <br />Equipment Acquisiti,on and Insitiallation <br />11 <br />Fee s Architec-LCural, engineering, <br />4 <br />,pection, fil"sicall, legal, adminis- <br />11 o <br />0 <br />tration, or Printing <br />Inteilrest acicrual duri"nig con,struction <br />Initial bond" reserivie <br />Clo n, t, ingencies <br />Bond Discount <br />Other <br />TOTAL. <br />$ 50!000 <br />500,000 <br />1751004 <br />0 <br />• <br />75rOOO <br />25rOOO <br />N/A <br />50,000 <br />N/A <br />,Further breakdowns o,f the various catlegiories Care also avall- <br />abile. . In aiddition, any and all city expenselisr unpaid assess- <br />ment,s or assessiments, plend3".ng but not yet levied will have to <br />' closing in accordance <br />be ascer,ta,in,eid and paid at the timie o-ILI <br />wIth the City's Policys <br />51 a Eicon,lomi,c Factors: <br />9 <br />It, is leis timcated that there will, be aporoxiAllmaltely 50 new <br />11L <br />Dobs created by tbel proDiect at an annual payroll of approxi- <br />Falately $1,0�OO�,01010 based on icurre,ntlyi prevailing wages. <br />6. Financinqg <br />Tax exempit indusill-, i i reveniu�e f inancing over a 15 to 20 <br />Vear term, is con temPla Itd at an interest rate 0'1- 9*5%6 The <br />note will be Purchased, by Norwest.. Bank University-Midwayr No AW <br />