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2020-007 - TIRZ Final Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number One
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2020-007 - TIRZ Final Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number One
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4/16/2020 9:11:00 AM
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2/28/2020 9:55:43 AM
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CITY CLERK
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MAW&" <br />M V 1' I <br />6 M <br />- I <br />11 I'll MOTO I WO INIM <br />LI&TJ *110 101711 W41 V "I F41 0 <br />• Site: 150 acres industrial <br />• Site coverage: 10% <br />• Building area: 653 KSF <br />• Building value / SP $100 <br />• Building value: $66 million <br />• Buildout: 6 projects of $11 million every 5 years beginning in 2035 <br />• Site: 10 acres retail <br />• Site coverage: 10% <br />• Building area: 43.6 KSF <br />• Building value/ SF: $100 <br />• Building value: $4 million <br />• Buildout: $4 million in 2040 <br />• Site: 135 acres residential <br />• Site coverage: 4 units / acre <br />• Number of units: 540 <br />• Unit value: $175 K <br />• Development value: $94.5 million <br />• Buildout: 9 projects of 60 units @ $10.5 million beginning in 2035 <br />
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