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<br />B. &C. <br /> <br />Is The Project Ready To Go? <br /> <br />Yes. The City and the developer have a good working relationship. The <br />development team that has been assembled is excellent. ,The team includes: <br /> <br />Architect: <br /> <br />Peter Pfister & Associates <br /> <br />Builder: <br /> <br />Kraus-Anderson <br /> <br />Underwriter: Miller. Johnson & Kuehn <br /> <br />Management: Presbyterian Homes <br /> <br />Marketing: To be identified(Speciatist in Senior Housing) <br /> <br />Is The Financing In Place? <br /> <br />Yes. Subject to securing the necessary governmental approvals such as this <br />CDSG application. <br /> <br />What Other Funding Sources Have Been Explored? <br /> <br />The developer and the City have explored all possible sources to successfully <br />accomplish this project. As stated earlier, HUD is not a viable source at this <br />time. <br /> <br />How Will Funding Be Sustained In The Future? <br /> <br />The attached proformas demonstrate that the project will cash-flow upon <br />attainmer;i of a 96% level of occupancy, Upon review of other existing senior <br />facilities, all are full and now have significant waiting lists. <br />