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Central TIF Redevelopment Plan and Project Area Decatur, Illinois <br /> Estimated Redevelopment Costs <br /> Table C on the following page lays out estimated costs for redevelopment projects within <br /> the proposed TIF District.The estimated costs are split into several categories,including <br /> Public Works or Improvements,Building Rehabilitation/Retrofit,Interest Costs Incurred <br /> by Developers, and Property Assembly. The costs shown are not exact figures and may <br /> change slightly as redevelopment occurs. <br /> Table C: Estimated Redevelopment Project Costs <br /> ESTIMATED REDEVELOPMENT PROJECT COSTS <br /> Central TIF Redevelopment Project Area <br /> City of Decatur, Illinois <br /> Description Estimated Cost 1,2,&3 <br /> A. Public Works, Improvements, Sidewalks, Utility $13,309,000 <br /> Infrastructure,Transportation/Parking Infrastructure <br /> B. Property Assembly, Demolition,&Site Clearing $8,482,000 <br /> C. Building Rehabilitation/Retrofit $17,763,000 <br /> D. Relocation costs $914,000 <br /> E. Taxing District Capital Costs $914,000 <br /> F. Job Training $731,000 <br /> G. Interest Costs Incurred by Developers $7,309,000 <br /> (30%of interest costs) <br /> H. Planning, Engineering, Legal, &Professional Services $914,000 <br /> I. General Administration $914,000 <br /> J. Financing Costs $1,096,000 <br /> K. Contingency $3,654,000 <br /> Total Estimated Costs° $56,000,000 <br /> Notes. <br /> 1.All costs shown are in 2023 dollars. <br /> 2.Adjustments may be made among line items within the budget to reflect program implementation experience. <br /> 3.Private redevelopment costs and investment are in addition to the above. <br /> 4.The total estimated redevelopment project costs shall not be increased by more than 5`o after adjustment for <br /> inflation from the date of the Plan adoption,per subsection 1 1-74,4.5 (c)of the Act. <br /> 27 <br />