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Reso 1997-101 to 105
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Reso 1997-101 to 105
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7/14/2022 4:45:39 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
12/31/1997
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The revenues from the Project are summarized as follows: <br />Present Value of Land Payments to Agency <br />Present Value of Property Tax Increment (80% Monies) <br />Total Revenues <br />Therefore, the net revenue stream to the Agency is estimated to be $2,750,000. <br />C Net Cost to the Agency <br />$1,660,000 <br />1,090.000 <br />$2,750,000 <br />The present value of the Agency's cost is estimated to be $3,208,500. Agency revenues are estimated <br />at $2,750,000. As a ,esgalt, the net cost of the Agreement to the Agency is estimated at $458,500, as <br />summarized below: <br />Agency's Cost $3,208,500 <br />(Less) Agency Revenue, ($2,750,000) <br />Net Cost to Agency $458,500 <br />166 <br />KEYSER MARSTON A s s O $I AJ E s I N C. <br />19100l0001 -'i01.dx � <br />
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