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15 <br />PROPOSED ECONOMIC DEVELOPMENT USES OF QUARTER CENT SALES TAX <br />For Fiscal Year 2412 2013'- <br /> <br /> <br />Economic Develo ment Pro osed Use Percentage of <br />Allocation <br />Debt Service on Infrastructure* $ 750,000 60% <br />Collaborative Outreach $ 20,000 1.6% <br />Small Business Loan Fund $ 200,000 16% <br />Collateral Materials $ 20,000 1.6% <br />Innovation Center $ 100,000 8% <br />A ricultural Economic Develo ment $ 60,000 5% <br />Business Investment Grants $ 100,000 8% <br />Establishment of 501 c4 Enti - 0% <br /> <br />TOTAL $ 1,250,000 100% <br />'"Note: First year of debt service on infrastructure installation will be less than a full years anticipated <br />allocation. Future years' allocation anticipated to utilize the full 60% of available funds. <br />PROPOSED ECONOMIC DEVELOPMENT USES OF QUARTER CENT <br />SALES TAX <br />For Fiscal Year 2012-2013 <br />1.696 <br />^ Debt Service on Infrastructure' <br />^ Collaborative Outreach <br />^ Small Business Loan Fund <br />^Collateral Materials <br />^ Innovation Center <br />^AgricuRural Economic <br />Development <br />^ Business Investment Grants <br />Page 3 of 3 <br />