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9093-19 13900 Lake Ave. Econ Dev Rebate
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9093-19 13900 Lake Ave. Econ Dev Rebate
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Last modified
10/16/2019 3:47:34 PM
Creation date
10/11/2019 11:53:32 AM
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Office Of Council
Document Type
Resolutions
Number
9093-19
Date Adopted
10/7/2019
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Contact Name: <br />Proiect Financials <br />Total Project Cost <br />Dan Wymer, President WXZ <br />$3,000,000 <br />Total Remediation and <br />Site Preparation Cost: $350,000 <br />Public Financing: $100,000 <br />28.5% of remediation cost. <br />3% of completed project value <br />• City contribution capped at $100,000. <br />• Single submission of qualifying expenses for rebate. <br />• Rebate of up to $100,000 in environmental remediation costs if No <br />Further Action Letter (NFA) is achieved <br />Private Financing: Approximately 97% of completed project value <br />WXZ will utilize existing capital and private funds to complete the <br />remediation and residential construction project. <br />
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