Board Of Aldermen - Minutes - 9/25/2018 - P23

eyes

¢ City staff and a New Market Tax Credit
Consultant have begun the process to
apply for and secure an allocation of
New Market Tax Credits. The
expectation is that a letter of
commitment in the second quarter of

2019 be forthcoming and cash available
in by the end of 2019 (3 or 4th quarter)