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EXHIBIT 1 <br /> PROJECT DESCRIPTION <br /> A. GENERAL NARRATIVE DESCRIPTION OF REDEVELOPMENT P"JECT: <br /> Developer will construct at its expense a new 35,255 shopping centor on Lot Two <br /> (2) of Mound Center.The center will include a new 19,750 Square Foot Ashley <br /> Furniture store,a 3450 Square Foot Mattress store,6400 square fe$t of yet to be <br /> determined businesses and a stock room of 5,655 square feet; these sizes are <br /> approximate not exact.The Mound Center site is 18.10 acres and is currently <br /> improved with a Target retail store on the west side of the site,a mined tenant <br /> building including Starbucks on the north side and an Olive Garden Ito the east.The <br /> site was rezoned to B-3 Planned Shopping Center District in April 203 to allow for <br /> retail development.The subject property,Lot Two (2) of Mound Ce> ter,is 3.43 <br /> acres and is currently unimproved. <br /> B. LEGAL DESCRIPTION: Lot 2 of Mound Center per the plat recorded in Book 1832 <br /> at Page 832 as Document No. 1647492 in the Macon County, Illirhois Recorder's <br /> Office, including Seller's rights, title and interest in adjacent streets and all rights- <br /> of-way and easements benefiting the land <br /> Parcel Number: Parcel number: 07-07-34-226-012 <br /> DRAFT-City of Decatur/Harrison Management Group LLC Redevelopment Agreement 25 <br />