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, , . <br />. . . . Page 2 <br />a 14 - Please contact Frank M. Harvey, Real Estate Manager, The Stanley <br />- Works, 195 Lake Street, New Britain, Connecticut, 203-225-5111. <br />Section II . The Project <br />1- The proposed project is located at Stanley Air Tools, 700 Beta Drive, <br />Mayfield, Cuyahoga County, Ohio. <br />2- The pr.oposed maximum amount of bond issue is $5,500,000. <br />3 - Expenditures: <br />Building $1,060,000 <br />Machinery, equipment and furniture 4,060,000 <br />Contingency 160,000 <br />Interest during construction 70,000 <br />Legal, placement, printing, trustee <br />and miscellaneous fees 150,000 <br />Total Project $5,500,000 <br />4-'1'he business of the Applicant at thi.s location is the manufacturing, <br />engineering and sale of air tool products for industrial application. <br />5 - Approximatel} number of new jobs created in Ohio by construction.of <br />the proposed project: <br />1982 1983 1984 Total <br />64 95 55 = 214 Jobs <br />6- Appr.oximate new annual dollar amount of payroll increased to be <br />expected in the County and neighboring Counties: <br />1982 1983 1984 Total <br />$1,200,000 $1,700,000 $1,000,000 = $3,9003000 <br />7a - No known existing jobs will be lost in the County or Ohio as a <br />result of this project. <br />7b - If the proposed project should not be approved for tax exempt <br />financing, no known existing jobs will be lost in the County or <br />Ohio.