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11.The redevelopment or rehabilitation project itself is expected to create five <br />full-time and six 6 part-time permanent jobs within the first year, <br />representing an estimated new annual payroll of $250.000.00. (Excluding <br />LMM's contribution to the associate's medical insurance premium, life insurance <br />premium, as well as, hazardous-duty pay, on-call pay and tips, back pay, <br />overtime pay, non-production bonuses, and tuition reimbursements. The dollar <br />value above includes LMM's guaranteed contribution to the associate's 401 (k) <br />plan once plan requirements are satisfied, as well as incentive pay including <br />commissions and production bonuses.) <br />(Rev 12/29/06) ~. <br />5 <br />