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Feasibility Gap All development scenarios have a feasibility gap. <br />The City should expect to be asked to provide <br />gap financing, including but not limited to, a <br />land donation. <br />Project Feasibility Gap <br />C1 C2 R1 R2 R3 <br />City <br />(Library Parking/ <br />Office Space) <br />$6,776,900 $6,776,900 $8,557,300 $8,538,600 $10,883,600 <br />Developer <br />(Residential Space) <br />$14,159,900 16,901,900 $15,559,500 16,572,100 $16,782,700 <br />Total $20,936,800 $23,678,800 $24,116,800 $25,110,700 $27,666,300 <br />May 11, 2026 Middlefield Library Lot B Design & Feasibility Analysis 21