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EX��BIT A <br /> DEVELOPMENT PROJECT <br /> A. GENERAL NARRATIVE DESCRIPTION OF DEVELOPMENT PROJECT: <br /> Rehabilitation of existing structure to include the addition of four(4)residential dwelling <br /> units and first floor commercial space. <br /> (1) Construction(including Renovation,Repair& <br /> Remodeling) 'I <br /> a. Estimated costs $ 1,400,000 <br /> b. Estimated Eligible <br /> Redevelopment Project Costs $ 175,000 <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. TIlVIETABLE/MII,ESTONES <br /> Commence Construction March 1,2006 <br /> Complete Construcrion <br /> Facade Renovarions December 31,2006 <br /> Residenrial Occupancy* June 1,2010 <br />