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Item 24 - Agreement No. 2025-01 - MLC Holdings
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Item 24 - Agreement No. 2025-01 - MLC Holdings
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Last modified
4/14/2025 9:53:01 AM
Creation date
4/9/2025 3:24:05 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Planning & Building
Item #
24
Date
4/15/2025
Destruction Year
P
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TABLE 113 <br />ESTIMATE OF ECONOMIC BENEFITS <br />2020 E. 1ST STREET <br />PROPOSED RESIDENTIAL PROJECT <br />Total <br />Impact <br />Employment <br />Labor Income <br />Out <br />Direct (a) <br />140.26 $11,720,202 <br />$28,555,449 <br />Indirect (b) <br />30.58 $2,516,068 <br />$7,304,574 <br />Induced (c) <br />46.12 $3,178,367 <br />$9,107,945 <br />Total 216.95 $17,414,637 $44,967,968 <br />Footnotes: <br />(a) Direct impacts are economic impacts caused by the output of goods and services on -site. <br />(b) Indirect impacts are economic impacts caused by increases from the use of goods and <br />services of industries that provide the direct goods and services to the proposed Project. <br />(c) Induced impacts are economic impacts caused by the increase in employment and <br />household spending. <br />i� ZIMMERMAN GROUP <br />
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