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� <br /> ''U <br /> � ' <br /> p� B. TIM�TABLE <br /> m <br /> +� <br /> �, Commence Construction 03/31/07 <br /> � <br /> +� Complete Construction 07/25/08 <br /> � <br /> .� <br /> Opening 09/OS/08 <br /> � <br /> a <br /> � C. OWN�R/DEVELOPER-MUNICII'ALITY SHARCS OF TIF PROC��DS <br /> �� <br /> Owner/ <br /> Developer* Municipality <br /> (a) Real Estate 75% 25% <br /> (b) City Sales Tax 50% 50% <br /> (c) State Sales Tax 50% 50% <br /> * Subject to sufficiency of Estimated Redevelopment Project Costs. <br /> ELIGIBLE REDEVELOPMENT PROJECT COSTS ALLOCATED AMOUNTS ($) <br /> Land Acquisition $0 � <br /> Site Preparation $500,000 ��i <br /> Demolition $0 <br /> Planning and Engineering $550,000 <br /> Other Professional Fees (Accounting/Legal) $100,000 <br /> Stt•eet Impi•ovements $� <br /> Streetscape Lnprovements $95,000 <br /> Utilities $100,000 <br /> Lighting $40,000 <br /> Construction Interest $1,000,000 <br /> 30%Mortgage Interest $2,000,000 <br /> Relocation Costs $50,000 <br /> ,iob Training& Retraining $65,000 <br /> Rehabilitation Renovation/Remodeling- $0 <br /> TOTAL: $4,500,000 <br /> The above amounts are estimates only and shall not be deemed a limitation on the <br /> Developer's ability to recover more eligible redevelopment projects costs per category <br /> than the amount estimated above. <br /> 6 <br />