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�,� <br /> � <br /> ,� <br /> ,� ��HIBIT A <br /> m <br /> � D�V�LOPMENT PROJ�CT <br /> � <br /> i�� <br /> �4. G�N�RAL NARRATIV� DESCRIPTION OF D�V�LOPM�NT PROJ�CT: <br /> � <br /> °' Public Improvemenis/Infrasiruciure: <br /> .� <br /> G <br /> ,� Developer will develop and construct, at its eapense, public infrastructure as rec�uired to develop <br /> the Premises. The pr•oject will include the construction of a new structure for commercial and <br /> retail use with a minimum of approximately 15,000 sc�uare feet above ground. The new structure <br /> will consisi of either two (2) or three (3) stories above ground. <br /> (l) Construction (including Renovation, Repair If a 2 Story Building. If a 3 Story Building: <br /> & Remodeling) <br /> a. Estimated Costs $3,800,000 �5,200,000 <br /> b. Estimated Eligible <br /> Redevelopment Project Costs $1,330,000 $1,820,000 <br /> c. Maximum Reimbursable Costs $1,330,000 $1,820,000 <br /> (2) Anticipated Incremental Real Estate Taxes <br /> a. Real Estate Ta�:es (annual) $ 102,853 $ 140,764 <br /> b. City/State Sales Taxes (annual) $ 0 $ 78,188 <br /> (3) Jobs Created or Retained (full-time equivalents) <br /> Construction: 20 <br /> Operational: 5 <br /> B. TIIVI�TABLE <br /> Commence Commerce Construction 06/O1/2012 <br /> Construction Complete OS/O 1/2013 <br /> Opening 06/O 1/2013 <br /> - 24 - <br />