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-. <br /> � <br /> EXHIBIT A <br /> DEVELOPMENT PROJECT <br /> A. GENERAL NARRATIVE DESCRIPTION OF DEVELOPMENT PROJECT: <br /> Public Improvements/Infrastructure: <br /> Developer will develop and construct, at its expense, public infrastructure as required to develop <br /> the Premises. The project will include the construction of a new structure for commercial and <br /> retail use with a minimum of approximately 15,000 square feet above ground. The new structure <br /> will consist of either two (2) or three (3) stories above ground. <br /> (1) 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 T�es <br /> a. Real Estate Taxes (annual) $ 102,853 $ 140,764 <br /> b. City/State Sales T�es (annual) $ 0 $ 78,188 <br /> (3) Jobs Created or Retained (full-time equivalents) <br /> Construction: 20 <br /> Operational: 5 <br /> B. TIMETABLE <br /> Commence Commerce Construction 06/O1/2012 <br /> Construction Complete OS/O1/2013 <br /> Opening 06/O 1/2013 <br /> -24 - <br />