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5446
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1984
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5446
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Last modified
12/29/2011 4:26:06 PM
Creation date
11/5/2014 12:17:14 PM
Metadata
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Template:
City Ordinances
Passed
8/20/1984
Ordinance Number
5446
Bill Number
7650
Description
dONALDSON rEDEVELOPMENT AREA IS A GLIGHTED AREA; PROVEDED TAX ABATEMENT ACCORDING TO Chapter 353 Revised Statutes of Missouri 1978
Introduced By
Councilmember Adams
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1)Gli t..a.DsVi� 1.V U�T• <br /> INCOME b EXPEI-1 <br /> { <br /> _Project Income <br /> 16-700 sq . ft . One Bedroom Apts . @$350/mo . : $67 , 200 <br /> i <br /> 17-765 sq . ft . Two Bedroom Apts . @$400/mo . : 81 , 600 <br /> Bedm. Apts . @ S 550/mo . : 79 , 200 <br /> 12- 1200 sq . ft . Three <br /> I <br /> 9400 sq . ft . Co^imerc jai/Ike tail @$8/s . f . /yr : 75 , 200 <br /> $303 , 200 <br /> x . 93 oc.cupancy : $282 , 000 <br /> Project Expenses <br /> Managemenu : $16 , 000 <br /> Maintenence : 20 , 000 <br /> Taxes b Ins . : 17 , 500 <br /> utilities : 2 , 500 <br /> Total Expenses : $56 ,000 <br /> c226 ,000 <br /> Net Operating Incomes. <br /> Debt Service <br /> $2 , 100 , 000 , 10%+31MIP , 40 yrs . : (224 , 000) <br /> $2 ,000 s <br /> Cash Floc: : <br /> s <br />
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