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; , ' <br /> EXHIBIT A <br /> DEVELOPMENT PROJECT <br /> A. GENERAL NARRATIVE DESCRIPTION OF DEVELOPMENT PROJECT: <br /> Rehabilitation of existing structure to include commercial and office space on the first <br /> and third floors,and a residential dwelling unit on the second floor. <br /> (1) Construction(including Renovation,Repair& <br /> Remodeling) <br />' 400 000 <br /> a. Estimated costs $ 1, , <br /> b. Estimated Eligible <br /> Redevelopment Project Costs $ 245,000 <br /> c. Attach site plans or elevations <br /> (2) Anticipated Incremental Real Estate Taxes <br /> a. Real Estate Ta�ces(annual) $ 23,142 <br /> b. City Sales Taxes(annual) $ -0- <br /> c. State Sales Taxes(annual) $ -0- <br /> (3) Jobs Created or Retained(full-time <br /> equivalents) <br /> Construction: 8 <br /> Operational: 3 <br /> B. TIMETABLE/MILESTONES <br /> Commence Construction March l, 2006 <br /> Complete Construction <br /> Facade Renovations December 31,2006 <br /> Residential Occupancy* June 1,2010 <br /> The City Manager may extend the fa�ade renovation milestone in the event of inclement weather <br /> or other delays deemed beyond the developer's control. <br />