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Quarterly Report for Housing Division Projects and Activities <br />September 6, 2011 <br />Page 8 <br />the application is approved, the developer anticipates that construction will start in October of 2011 <br />and be completed in approximately 18 months. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Nancy T. Ed rds <br />Interim Exec ve Director <br />Community Development Agency <br />NTE/SLB/TG/mlr <br />19E-8