245 6.39 Restructuring Of Kitakata And Everything Will Follow (2/2)
1st Phase New District
800 new plot of land.
1600 x 1 bedroom unit
1600 x 2 bedroom unit
Estimated 9600 residents.
2nd Phase Reformed District
78 new plot of land
234 longhouses
4 families each
Estimated 2808 new immigrants
3rd Phase Current District
145 old plot of land
290 x 1 bedroom unit
290 x 2 bedroom unit
Estimated 1740 residents.
”1st and 2nd phase will work concurrently. And once the new houses on 1st District are ready, we will draw lots and they will get to move out from their current place to a single house based in their choice. By then, they would be starting to pay their monthly repayment.”
”Once everyone had moved out from their 3rd phase houses, construction of the 1 and 2 bedroom unit will commence once the New District had been completed. Materials would be reused and the cost would be lowered to 20/40 gold coins respectively. The price to purchase remains at 50/100 for 1 and 2 bedroom units respectively.”
”In this way, our Treasury would be making income from the housing purchase loan. Let me break down for you guys how much output we need for each Phase.”
Phase 1
1600 x 40 gold coins 1 bedroom unit
1600 x 70 gold coins 2 bedroom unit
Investment 176,000 gold
Returns at 20% is 400,000 gold
Phase 2
234 x 50 gold coins for each longhouse
Investment 17,400 gold
Returns 0
Phase 3
290 x 20 gold coins 1 bedroom unit
290 x 40 gold coins 2 bedroom unit
Investment 11,700 gold
Returns at 20% is 87,000
It took a while before the guys digest these and explained at by 50 months time, there should be a float of 487,000 inside the Treasury based on the interest earned. ”Furthermore, please take note that the Treasury is now named as Fasuto Japan Bank.”
”All funding would be from Fasuto Japan KabushikiGaisha and interest earned would be channelled into Fasuto Japan Bank. Income and Property Tax would also be channelled into Fasuto Japan Bank. Right now, float cash on hand is about 1.7 million gold coins. The amount that we have in corporate account is 38 million gold coins.”
”I would take out the amount accordingly from the float cash and pay for the construction of the houses and I would urge Kayu-San to get more men from the surrounding settlement and small villages. In this way, work can be executed smoothly.”
”Alright, Gentlemen. Its time to hit the sack and I would be discussing with His Majesty on procuring another 3 more plots for 9 warehouses for another 4 more products. Anything, please do get back to me so we can expedite matters professionally.”
We finished off the drinks and I excused myself and went into the house and follow up with matters at heart. Hiko-sama was left discussing with the Execom members.