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Economic & Planning Systems, Inc.32 <br />STARTUP COSTS <br />RECRUITMENT ADDS NEW COST <br />•Initial 9212 Report: included startup costs such as tenant improvements and <br />equipment but omitted HR / recruitment costs, needed because program <br />would require creation and hiring of new City positions. <br />•Funding structure: General Fund may front startup costs but must be repaid <br />through landlord fees via a 5-year interfund loan <br />Item Prior Startup <br />Cost Estimate <br />Updated Cost <br />Estimate <br />Increment from <br />HR & Interfund <br />Loan <br />Cost Estimate <br />Total startup costs $319K–$687K $683K–$1.05M +$364K <br />Annual loan <br />repayment <br />~$71K– <br />$153K/year <br />$153K– <br />$235K/year +$82K/year <br />Cost per unit ~$4–$9/unit $9–$15/unit +$5/unit