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EXHIBIT A <br /> DEVELOPMENT PROJECT <br /> A. GENERAL NARRATIVE DESCRIPTION OF DEVELOPMENT PROJECT: <br /> Rehabilitation of existing structure to include the addition of up to four (4) residential <br /> dwelling units and first floor commercial space. <br /> (1) Construction(including Renovation, Repair& <br /> Remodeling) <br /> a. Estimated costs $ 1,400,000 <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 Taxes(annual) $ 23,142 <br /> b. City Sales Taxes(annual) $ -0- <br /> c. State Sales Taxes(annual) $ -0- �, <br /> (3) Jobs Created ar Retained(full-time ' <br /> equivalents) <br /> Construction: 8 <br /> Operational: 3 <br /> B. TIMETABLE/MILESTONES <br /> Commence Construction March 1, 2006 <br /> Complete Construction <br /> Facade Renovations December 31, 2006 <br /> Residential Occupancy* June 1, 2010 <br />