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��g►is .j-i�_i �cL7�.* : tc�'i�� <br /> � <br /> EXHIBIT 1 <br /> i <br /> CITY: DECATliK, ILLINOIS <br /> DEVEI_,OPER: IP PLAZA, LI,C <br /> PROJECT: C01�1I��IERCIt�L DE�`f?LOPMENT <br /> A. Narrative Description of Project � <br /> Developer ��ill develop and construct, at its expense, public streets, intersection <br /> signalization, sewer lines, water Iines and such other public i frastructure as required to <br /> develop the premises. Projects inay include: <br /> 1. Rehabiliiation/Rernodeling of 96,268 sq. ft. of Existing Structur�s for <br /> Commercial/Retail Use � <br /> 2. Construction of New Structures for Commercial!R ail L1se <br /> Fi. "1'imetable ', <br /> 1. C'o�r�rner�4,e Construction: Yhase i ;De��eioper's Sit - July l, 2t)U7 <br /> Phase II - N!A <br /> i <br /> 2. Co�npl4t�: Canstruction: Phr.se l i Develc�per's Sit�- Sept�.mber 30, 2(i;�i9 <br /> Phase lI-N!A <br /> I <br /> C'. Suminary c�f Project <br /> 1. Construction by Developer <br /> a. f�;stirnated Cotal Project Costs $1 t�,�0U,000 <br /> b. I:stimated F,ligirle Recievelopment Project Costs - Ph�se I � $5,650,0�0 <br /> J.�evcluper's tiite <br /> c. Estimated Eligible Redevelopment Project Costs- Ph�ase II $ N/A <br /> 2. Estimated Incremental Keal Estate & Sales Taxes <br /> a. heal l?stat� Tax - Phase I / Developer's Site � $179,856 <br /> II <br /> h. Real ��,state Tax -- Pha�e lI $ N/A <br /> I <br /> Page 19 of 32 I�' <br /> I <br /> I <br />