project. Further investments will take place as Pre-sales of properties are executed. See detailed information on attached Executive Summary and Business Plan. Employment Projection: Leaf Cay Holdings, LTD estimates that it will employ between 40-50 Bahamians during its initial phase of construction. This number will likely increase to between 100- 150 during the full construction process for the resort. After construction is completed, we estimate that Leaf Cay Resort, LTD, will then be providing Long term employment for 40-60 Bahamians in the overall operation of the resort and marina. Financial Arrangements: Leaf Cay Holdings, LTD has already Deposited and expended approximately $8.0 million dollars for the purchase and initial Surveys for the island of Leaf Cay. Attached to this Proposal is the initial financial background information for the main Principal, Roger Cardinale along with a Personal Financial Statement, and U.S. Tax returns. In addition, the Company has already met with First Caribbean Bank, and Royal Bank of Canada, and is working with these institutions to provide additional funding for development based upon Pre-sales, as well as financing for future prospective buyers of the villas, cottages, bungalows, etc.. Financial Projections: The Financial Projections for the initial build out phase, construction as well as Real Estate sales are included and attached with this Business Plan.
project. Further investments will take place as Pre-sales of properties are executed. See detailed information on attached Executive Summary and Business Plan. Employment Projection: Leaf Cay Holdings, LTD estimates that it will employ between 40-50 Bahamians during its initial phase of construction. This number will likely increase to between 100- 150 during the full construction process for the resort. After construction is completed, we estimate that Leaf Cay Resort, LTD, will then be providing Long term employment for 40-60 Bahamians in the overall operation of the resort and marina. Financial Arrangements: Leaf Cay Holdings, LTD has already Deposited and expended approximately $8.0 million dollars for the purchase and initial Surveys for the island of Leaf Cay. Attached to this Proposal is the initial financial background information for the main Principal, Roger Cardinale along with a Personal Financial Statement, and U.S. Tax returns. In addition, the Company has already met with First Caribbean Bank, and Royal Bank of Canada, and is working with these institutions to provide additional funding for development based upon Pre-sales, as well as financing for future prospective buyers of the villas, cottages, bungalows, etc.. Financial Projections: The Financial Projections for the initial build out phase, construction as well as Real Estate sales are included and attached with this Business Plan.