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<br /> <br />-20- <br />Use Approved <br />SF/Units/Rooms <br />Total <br />Completed In <br />Period <br />Cumulative <br />Total <br />Completed <br />Remaining to <br />Be <br />Completed <br />Status & Look Ahead <br />Residential 3,750 100 200 3,550 On target with 300 to be <br />completed in the next period <br />Hotel 250 250 250 0 Completed <br />Commercial <br />New <br />350,000 150,000 150,000 200,000 150k completed for Tenant X. <br />20-Year lease. <br />Negotiating with Tenant Y for a <br />15 year lease. <br /> <br />(c) Progress relative to economic projections of: <br />(i) Increases in property tax, <br />(ii) Property Tax In-Lieu of VLF received by the City, <br />(iii) Sales tax received from the Project, <br />(iv) Business tax received from the Project, <br />(v) Hotel Visitors Tax (HVT) <br />(vi) Utility User Tax received from the Project, <br />(d) Reporting for items listed in Section 6.1.2(c) shall be include a table, <br />prepared by Owner with City’s cooperation, substantially similar to the following: <br />Reporting Period: 2024 – _____ <br />Year 1 of 20 of Agreement <br />Revenue Total for Period Cumulative to <br />date <br />Percentage <br />increase over <br />2018 Base <br />Year <br />Status & Look Ahead <br />Property Tax <br />Property Tax <br />In-Lieu of <br />VLF <br /> <br /> <br />Sales Tax <br /> <br /> <br />TOT (HVT) <br /> <br /> <br /> <br />Business <br />Tax <br />Franchise <br />Tax <br /> <br /> <br />UUT <br />  <br />  <br />City Council 22 – 272 9/17/2024