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Ord 2006-034
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Ord 2006-034
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Last modified
12/6/2006 2:53:05 PM
Creation date
10/23/2006 9:52:13 AM
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Template:
City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Approving
Number
2006-34
Date
8/2/2006
Volume Book
168
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<br />service (including principal and interest) which the City is obligated to pay <br />on the Bond Debt during such year. <br /> <br />Cash Flow Analysis <br /> <br />The City has developed financial projections on this project. <br /> <br />.:. Conservative ten-year projections done by the city indicate a viable <br />project. (Example 1) Ten-year projections done by JQH using historical <br />data (including an average of occupancy rates) from other similar hotels <br />also indicates a viable project. (Example 2) <br /> <br />.:. The numbers figured indicate the projections are reasonable. <br /> <br />.:. Using conservative numbers, the projected revenue estimates are <br />reasonable. (Example 3) <br /> <br />Site Plan <br />The proposed Site Plan (attached as Exhibit G) for the Project shows the <br />footprint and layout of the Hotel and Conference Center as well as the layout <br />and location of the driveways, access drives, parking and landscaped areas. <br />The proposed Site Plan approved by the City will be the basis for the <br />development of the definitive site preparation plans for the Project. <br /> <br />23 <br />
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