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<br />15) How do youlwouldyou propose to finance the project? <br /> <br />The Rottlund Company, Inc. presently finances all construction and land development with <br />internal financial resources. It is expected no bank financing will be required to undertake this <br />development, <br /> <br />Because The Rottlund Company, Inc, has the financial strength to pay $1,000,000 in cash, <br />development of the Arona site thus puts the City at less risk then receiving only $220,000 or <br />nothing and the long term financial commitment such as lease agreements, <br /> <br />The Rottlund Company, Inc. <br />July 17, 1994 <br /> <br />4 <br />