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estimated to be$5,000,000 and the actual cost was $9,550,000. Two new positions have <br /> been created and three old positions have been retained as stated in the original petition. <br /> E. The project is an outstanding asset to this community. Phase I and Phase II of the <br /> Project remain 100% occupied with a waiting list attesting to the quality of the project <br /> and the management. <br /> F. Portage Prairie Phase I won the 2009 Apartment Association of Indiana's award for <br /> Best Affordable Apartment Complex in Indiana. <br /> G. Phase I and Phase II of the project remain in good financial standing with 100%of all <br /> creditors and vendors. <br /> H. All other required documentation has been received from Prairie Apartments Housing <br /> Partner's 11, L.P. by the required due dates. <br /> SECTION II. The foregoing facts, taken together, lead the Common Council to conclude <br /> that compelling reasons exist to waive the filing deadline. <br /> SECTION III. The Common Council hereby waives the filing deadline of May 15th <br /> 2011 and pursuant to Indiana Code 6-1.1-12.1-4.8 adopts this resolution that authorizes <br /> acceptance. <br /> . " "A <br /> Member of the Common ouncil <br /> Si nI o f tj3 <br /> '! <br /> qpy�p� !`} +� 9t�c: -�e.��?ss�f rare.,• <br /> Council W&I Cn , <br /> PPESET-4 ED 14 <br /> NOT APPR'O`ED <br /> ADOPTEO <br />