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D. INCREMENTAL TAXES <br /> (1)INCREMENTAL TAXES <br /> City Percentage . . . . . . . . . . . . . . . . . . Yeazs 1-12 50% <br /> Special Account Percenta.ge . . . . . . . . Years 1-12 50% <br /> Total: 100% <br /> (2) REAL ESTATE INCREMENTAL TAXES <br /> Projected Total NEW Equalized <br /> Assessed Valuation $ 123,000 <br /> Less:INITIAL Equalized Assessed Valua.tion $ 40,369 ' <br /> Projected Incremental increase in EAV $ 83,333 �'�� <br /> Projected Annual Real Estate Incrementa.l Taxes 7 500 I <br /> E. DEVELOPMENT AREA <br /> (1) DEVELOPER'S INTEREST IN DEVELOPMENT AREA: <br /> (if other than fee ownership, describe and atta.ch lease or other applicable <br /> Document): Fee Simple <br /> (2) DEVELOPMENT AREA: <br /> Street Address: 253 North Main Street <br /> Legal Description: See attachment mazked EXF�IT B <br /> F. OTHER FUNDING ALLOCATIONS <br /> There are no other funding allocations attributed to this project. <br /> G. FA�ADE EASEMENT <br /> The Municipality shall retain a fagade easement constituting the Main Street fa�ade in <br /> accordance with the terms of the approved fa�ade development plan. Facade changes <br /> subject to easements, covenants and restrictions shall include, but not be limited to: <br /> repair,removal,replacement or reconstruction of any exterior materials such as windows, <br /> doors, masonry, lintels, decorative elements, lighting, signage, canopies, awnings, siding <br /> and any implements attached to the exterior facade adjacent to North Main Street. The <br /> developer further agrees not to paint, or otherwise cover with another material, any Main <br /> Street facade without prior written approval by the Municipality. Fa�ade changes may <br /> not commence without prior written permission of the City of Decatur. <br />