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Eg�XHIBIT 2
<br /> Assessed Value EM}( Aporeclation%Tax Rate AV Propedy Taxes,Tax Increase
<br /> 2023 $70,470.00 $211,410.00 10.40% $7,328.88
<br /> Proforma Post Redevelopment
<br /> Increased Value $83,333.33. $250,000.00
<br /> 1
<br /> Estimated Project Costa 2 2025 $153,803.33 $461,410.00 118.25% $15,987.66 $8,658.98
<br /> GC $150,000 3 2026 $158,417.43 $475,252.30 3.00% $16,467.49 $9,138.61
<br /> Roof $54,300 4 2027 $163,169.96 $489,509.87 3.00% $16,961.52 $9,632.64
<br /> HVAC $34,078 5 2028 $168,065.06 $504,195.17 3.00% $17,470.36 $10,141.48
<br /> Electric $48,058 6 2029 $173,107.01 $519,321.02 3.00% $17,994.47 $10,665.59
<br /> Plumbing $90,950 7 2030 $178,300.22 $534,900.65 3.00% $18,534.31 $11,205.43
<br /> Sprinkler $23,488 8 2031 $183,649.22 $550,947.67 3.00% $19.090.34 $11,761.46
<br /> Alarm $16,429 9 2032 $189,158.70 $567,476.10 3.00% $19,663.05 $12,334.17.
<br /> 10 2033 $194,833.46 $584,500.38 3.00% $20,252.94 $12,924.06
<br /> Total $417,303.00 11 2034 $200,678.46 $602,035.39 3.00% $20,860.53 $13,531.65
<br /> 12 2035 $206,698.82 $620,096.46 3.00% $21,486.34 $14,157.46
<br /> 13 2036 $212,899.78 $638,699.35 3.00% $22,130.93 $14,1102.05
<br /> 14 2037 $219,286.78 $657,860.33 3.00% $22,794.86 $15,465.98
<br /> 15 2038 $225,865.38 $677,596.14 3.00% $23,478.71 $16,149.83
<br /> 16 2039 $232,641.34. $697,924.02 3.00% $24,183.07.. $16,854.19
<br /> 17 2040 $239,620.58 $718,861.75 3.00% $24,908.56 $17,579.68
<br /> 18 2041 $246,609.20 $740,427.60 3.00% $25,655.82. $18,326.94.
<br /> 19 2042 $254,213.48 $762,640.43 3.00% $26,425.49. $19,096.61
<br /> 20 2043 $261,839.88 $785,519.64 3.00% $27.218.26 $19,889.38
<br /> 21 2044 $269,695.08 $809,085.23 3.00% $28,034.80 $20,705.92
<br /> 22 2045 $277,785.93 $833,357.78 3.00% $28,875.85, $21,546.97
<br /> 23 2046 $286,119.51 $858,358.52 3.00% $29,742.12 $22,413.24
<br /> $468,217.66 $326,962.30
<br /> Assessed Valua EMY Appreciation%Tax`Rate AV Property Taxes Tax increase
<br /> 2023 $150,000.00 $450,000.00 10.40%. $15,594.00
<br /> Proforma Post Redevelopment
<br /> Increased Value $184,616.83 $553,850.50
<br /> 1
<br /> Estimated Proiact Costs 2 2025 $334,616.83 $1,003,850.50 123.06% $34,783.42 $27,454.54
<br /> GC $325,000.00 3 2026 $344,655.34 $1,033,966.02 3.00% $35,826.92 $28,498.04
<br /> Roof $63,600.00 4 2027 $354,995.00 $1,064,985.00 3.00% $36,901.73 $29,572.85
<br /> HVAC $79,079.00 5 2028 $521,661.67 $1,564,985.00 46.95% $54,226.73 $46,897.85
<br /> Dryvet $128,800.00 6 2029 $537,311.52 $1,611,934.55 3.00% $55,853.53 $48,524.65
<br /> Windows $194,600.00 7 2030 $553,430.86 $1,660,292.58 3.00% $57,529.14 $50,200.26
<br /> Electric $50,400.00 8 2031 $570,033.79 $1,710,101.36 3.00% $59,255.01 $51,926.13
<br /> Plumbing $37,600.00 9 2032 $587,134.80 $1,761,404.40 3.00% $61,032.66- $53,703.78
<br /> Elevator $228.622.00 10 2033 $604,748.84 $1,814,246.53 3.00% $62,863.64 $55,534.76
<br /> 11 2034 $622,891.31 $1,868,673.93 3.00% $64,749.55 $57,420.67
<br /> Total $1,107,701.00 12 2035 $641,578.05 $1,924,734.15 3.00% $66,692.04 $59,363.16
<br /> 13 2036 $660,825.39 $1,982,476.17 3.00% $68,692.80 $61,363.92
<br /> 14 2037 $680,650.15 $2,041,950.46 3.00% $70,753.58 $63,424.70
<br /> 15 2038 $701,069.66 $2,103,208.97 3.00% $72,876.19 $65,547.31
<br /> 16 2039 $722,101.75 $2,166,305.24 3.00% $75,062.48 $67,733.60
<br /> 17 2040 $743,764.80 $2,231,294.40 100% $77,314.35 $69,985.47
<br /> 18 2041 $766,077.74 $2,298,233.23 3.00% $79,633.78 $72,304.90
<br /> 19 2042 $789,060.07 $2,367,180.22 3.00% $82,022.79 $74,693.91
<br /> 20 2043 $812,731.88 $2,438,195.63 3.00% $84,483.481 $77,154.60
<br /> 21 2044 $837,113.83 $2,511,341.50 3.00% $87,017.98'. $79,689.10
<br /> 22 2045 $862,227.25 $2,566,681.74 3.00% $89,628.52 $82,299.64
<br /> 23 2046 $888,094.07 $2,664,282.20 3.00% $92,317.38 $84,988.50
<br /> $1,469,517.72 $1,308,282.36
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