Laserfiche WebLink
i <br /> EXHIBIT 1 <br /> Project <br /> A: General Narrative Description of Project <br /> Developer will construct at its expense a new shopping center containing approximately 38,000 <br /> square feet consisting of a new County Market grocery store, associated C-Store and other retail <br /> uses. Project shall include all associated public infrastructure improvements and improvements <br /> to Leafland Avenue, Oakland Avenue and Illinois Route 48, if required. <br /> (1) Construction(including renovation,repair and remodeling) <br /> a. Estimated Costs $12,287,000 <br /> b. Estimated Eligible Redevelopment Project Costs $8,237,000 <br /> c. Maximum Reimbursable Costs $2,500,000 <br /> B. OWNER/DEVELOPER-MUNICIPALITY SHARES OF TIF PROCEEDS <br /> j OWNER/ <br /> DEVELOPER* MUNICIPALITY <br /> i <br /> (a) Real Estate Increment 100% 0% <br /> (b) Sales Tax 50% 50% <br /> • Subject to sufficiency of Redevelopment Project Costs <br /> C. DEVELOPMENT AREA <br /> 1 DEVELOPER SINTEREST IN DEVELOPMENT AREA: <br /> (if other than fee ownership, describe and attach lease or other Applicable Document) <br /> (2) PREMISES: <br /> I <br /> Legal Description: All of Lots One(1),Two (2),Three(3),Four(4),Five (5), Six(6), <br /> Seven(7),Eight(8) and Nine (9), of County Clerk's subdivision in the North East '/a of the south <br /> east'/a of Section 9, Township 16 North,Range 2 East of the 3`d P.M., as per Plat recorded in <br /> Book 1575,Page 127 of the records in the recorder's office Of Macon County,Illinois. <br /> And <br /> All of Lots Five (5), Six(6), Seven(7), Eight(8),Nine (9), Ten(10),Eleven(11), Twelve(12), <br /> Thirteen(13),Fourteen(14) and Fifteen(15)of Hill's 2nd Addition as per Plat recorded in Book <br /> 536,Page 24 of the Records in the Recorder's Office of Macon County,Illinois <br /> And <br /> The adjacent Right-Of-Ways <br /> 25 <br /> I <br />