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Exhibit A <br />PAGMMER FOR CITY COUNCIL RESOLUTION <br />Page 12 of 24 <br />Tmeline: <br />Project is scheduled to be completed by Jul, 2012. <br />Contact Name: <br />Mkhael Xhroedep Preedent <br />440 -617 -0333 <br />Protect Financials <br />Total Rehabilitation <br />Project Cost: <br />$300,000 <br />Public Financing: <br />Approximatety 33% of completed prefect value <br />• Proposed Emmmrc Deveopment Loaafor $50,WOforgwableoverfmu <br />yearsasbrig aspr.leci <br />• Commecial P pedY:. RevRalixatwn Grant for $50,000 for eligUk <br />Revitalization Girant for <br />Private Financing: <br />Rationale for City Assistance -- <br />Green Wave Services 11 Lid. has acquired the property at 15422 permit Avenue in 2016 with the <br />intent of creating a new headquarters for its tenant and related entity, Roundstone Management, <br />Ltd. ("Roundstone) <br />The cmv, fending will be used .for Improvements to the building and the site, remgnbing this as an <br />opportunity lo_help protect 0reproperty;.and secure the furore stability of the former church site <br />currently desigyted as a historic property: under Chapter 1134 of the Lakewood Zoning Code. <br />Add'elunall , by providing financial assistance to make building and site upgrades, the property <br />mains viable as an office use, which Is considered one ofthe highest and best uses for this property. <br />Roomblone currently employs toughly 40 full time employees, with an annual payroll of between <br />$31AaM$41A. - — <br />City Protections: <br />Developer must secure commitments for private financing prior to issuance of Ecommk <br />• Development funds. <br />• The City U place a ben on the property for Its $50,M of Economic Development Funds <br />releasable over four years in $12,500 increments as long as Green Wave Services 11, Ltd. or <br />Roundstone at thejob retention requirements. <br />EXHIBIT B <br />Green Wave SeMCes II, Ltd /Roundstone Management, Ltd. <br />Economic Devalopment Loan <br />Project Summary <br />Januarv2016 <br />for <br />commercial use in 2005 to offer approximately 22,000 square feet of office <br />space, while the eAerror has been maintained in its Classic Revival <br />wrhitectuaal style. <br />Owner Green Wave Services 11, Ltd <br />Project Scope: Building and site improvements including but not limited to stabilizing the <br />roof structure, addlog additional parking on site, window repair and <br />replacement, and all exterior and interior binding repalrs /renovations, and <br />cerobnfty Improvements to bring the property lot. compliance with the <br />buldingcude. <br />Page 18 of 24 <br />Project Description: <br />Roundstone Management, Ltd, has been aafvely seeking. new headquarters focarhm, and has <br />Identified the formerchurch le at 15422 Detrdt Avenue as a signifirantaM funclkernl space to <br />relocate and grow. <br />TMs bui ingwas mestrecentky renovated as commercial office space, but requires emerwr and <br />Interior upgrades to make it safe and functional space for a new office user. Roundstone <br />Management has requested an Economic Development ban M(3,004s to make bulling and site <br />hmprovements bcluding but mHimtled to slabpbingthe of strumm, adding add0ional parkingon <br />she, completingwindow resedraM replacement, andldb pletng all exterior and interior budding <br />repays /renovations, and ac essbiltty impon emeah to bringthe propertyinto compliance with the <br />buildingcode. included as EXHIBIT E is the scope of.Apunned fmthe building. <br />Roundstone was formed in 2003 off mgreinoname wppo Zur a medical malpractice, program <br />writing businees. Since then, the mmpa(ry'nas,rmvu Into pnew ding insurance wpport through <br />_ff _.. <br />numerous captive facilities for more thaatrrenry Aifferent inwiatice programs that Include both <br />$4M. <br />The ciNs <br />I, an effe, <br />and UOthm Fa.M'. <br />oflakewo Ysmidnal <br />Page 19 of 24 Page 20 of 24 <br />