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<br />result in the creation of approximately seventy-two (72) full-time equivalent <br />permanent jobs with an estimated total annual payroll of $1,700,000 and provide <br />continued future opportunities for employment. <br />4. The Project will be of benefit to the health, prosperity, <br />economic stability and general welfare of the City and its citizens and complies with <br />the purposes and provisions of IC 36-7-11.9 and IC 36-7-12. <br />5. The Project will not have an adverse competitive effect on <br />similar facilities already constructed or operating in the City, because, not <br />withstanding similar existing facilities, there continues to be a need for quality <br />senior living facilities in the City. <br /> <br />-2- <br />:ODMA\PCDOCS\SBDOCS I\34497\ 1 <br />