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EDC Meeting <br />Apri120, 2010 <br />NWQ Financial Model Discussion <br />Introduction <br />• Fuwcial modeling is both science and art. <br />• Mdtiple variables m take ivm accowC <br />o Type ofdevelopmenl(iec cammercial, residential, retail) <br />o DewlopmeNderumity(i.e mwberofbousinguvits,amowtofofirce <br />development) <br />o Property wines <br />o Timing(whw construction starts/finishes) <br />o LnJladort(especially with regard to property values) <br />o Landsales <br />o Property ria system (i.e. trot class rates, loci) lax antes, etc.) <br />Broader forces: Economy, interest rales, tax policy, etc. that City has no control <br />over and difficult to predict <br />• Modeling is based on combiwtim ofduslry pmctiws and experience. <br />Be kerowd <br />City bas done numerous f wcial modeling exercises; downs of iterations going <br />back 10-15 years. <br />• Each model is improved over time; adjusted as more is known about the project, <br />• City begin workiug with Ehlers Associates in 2009 after away years with courtlier <br />firm. <br />• FinavcialwtprojoonsMwn today evlfrwsontwo pies; implication <br />and mamenrprojormas (potential development aceuados; implication for city) <br />and sowces/uses: <br />QUAwmeM and 9eningstgfineLLrcN SevingsUempmmy Interne Files1IKoCE Meeting <br />Fin atud Nmenntion (Much 201o)dac <br />