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Item 26 - Public Hearing Regarding Bristol Project
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Item 26 - Public Hearing Regarding Bristol Project
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9/25/2024 12:33:51 PM
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9/25/2024 8:40:22 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Planning & Building
Item #
26
Date
10/1/2024
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ta <br />www.FinanceDTA.com <br />C Congregate Care Summary <br />SECTION VII <br />HOSPITALITY <br />We reviewed the viability of a congregate care facility in the Project and determined that the value of the <br />congregate care facility would exceed the NAV by $30,266,000. Therefore, we concluded that the <br />proposed facility is acceptable in the Project. <br />Table 18: Congregate Care Excess of Value Over Costs <br />i <br />Congregate Care Value <br />$106,470,000 <br />112.52% <br />Congregate Care Costs <br />1 ($72,667,000) <br />(76.80%) <br />11 Excess of Value over Costs I $33,803,000 35.73% <br />Related Bristol at 3600 South Bristol Street <br />Draft Market Study Report <br />Exhibit 10 <br />September 2023 <br />35 <br />
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