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R2010-199 AUTHORIZING AMENDMENT TO REDEVELOPMENT AGREEMENT
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R2010-199 AUTHORIZING AMENDMENT TO REDEVELOPMENT AGREEMENT
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Last modified
10/2/2015 10:42:08 AM
Creation date
10/2/2015 10:42:07 AM
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Resolution/Ordinance
Res Ord Num
R2010-199
Res Ord Title
AUTHORIZING AMENDMENT TO REDEVELOPMENT AGREEMENT WITH REYNOLDS DEVELOPMENT, LLC
Department
Development Services
Approved Date
10/21/2010
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� <br /> �U <br /> � <br /> � <br /> AM�NDED E7�HIBIT A <br /> � <br /> m <br /> ti D�V�LOPM�NT PROJECT <br /> � <br /> �� <br /> � <br /> � <br /> � A. GEN�RAL NAI2RATIVE D�SCRIPTION OF DEVELOPMENT PROJECT: <br /> . <br /> .� <br /> 0 <br /> � Public Improvements/Infrastructure: <br /> a4 <br /> Developer will develop and construct, at its expense, public infrastructure as <br /> required to develop the Premises with an estimated finished construction value of <br /> 9.3 million dollars. The project will include the construction of a new structure for <br /> commei�cial and retail use with a minimum of approximately 67,200 square feet. <br /> (1) Construction(including Renovation, Repair& <br /> Remodeling) <br /> a. Estimated costs $12,420,000 <br /> b. Estimated Eligible <br /> Redevelopment Project Costs $ 4,500,000 <br /> c. Maximum Reimbursable Costs $ 3,800,000 <br /> d. Attacl� site plans or elevations <br /> (2) Anticipated Incremental Real Estate Taxes <br /> a. Real Estate Taxes(annual) $335,421 <br /> b. City/State Sales Taxes (annual) $131,000 <br /> (3) Jobs G•eated or Retained (full-time <br /> equivalents) <br /> Construction: 20 <br /> Operational: 18 <br /> 5 � <br />
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