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, � <br /> . , , .. , �� ; 12 � �� 1 3 <br /> �� i <br /> ExxisiT i 'I <br /> CITY: DECATUR, ILLINOIS <br /> DEVELOPER: IP PLAZA, LLC <br /> PROJECT: COMMERCIAL DEVELOPMENT <br /> A. Nanative Description of Project <br /> Developer will develop and construct, at its expense, public streets, intersection <br /> signalization, sewer lines, water lines and such other public infrastructure as required to <br /> develop the premises. Projects may include: ' <br /> 1. Rehabilitation/Remodeling of Existing Structures for Commercial/Retail Use '� <br /> 2. Construction of New Structures for Commercial/Retail Use � <br /> B. Timetable ��, <br /> 1. Commence Construction: Phase I - Fall 2006 � <br /> Phase II—N/A <br /> 2. Complete Construction: Phase I - Fall 2009 <br /> Phase II—N/A <br /> C. Sumrnary of Project <br /> l. Construction by Developer <br /> a. Estimated Total Project Costs $10,000,000 <br /> b. Estimated Eligible Project Costs - Phase I $5,650,000 <br /> c. Estimated Eligible Project Costs—Phase II $ N/A <br /> 2. Estimated Incremental Real Estate & Sales Ta�ces <br /> a. Real Estate Ta1c - Phase I $179,856 <br /> b. Real Estate Tax— Phase II $ N/A <br /> c. Municipal Sales Tax— Phase I $200,000 <br /> Page 18 of 29 <br />