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3) EDA— The EDA could build and own the development. There would be some limitation on renis <br />that could he charged and there would he some reduction in the taxes that would be generated. <br />However, the EDA could access the cheapest money and would not have a profit motivation <br />behind Its ownership allowing the rent charged to be more In line with this market segment's <br />ability to pay. <br />The scenarios confined above and financial projxtions on the following two pages will give you some <br />bought into the challenge of bouncing this transaction. We are prepared b explore all of these with <br />the City in attanpting to achieve a product that is needed in the area. (graining the right firmnciel <br />Mature to provide it will be the challenge. <br />