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The City Manager may extend the fa�ade renovation milestone in the event of delayed or <br /> unavailable Community Development Block Grant (CDBG) funds, inclement weather or other <br /> delays deemed beyond the developer's control. <br /> *Residential Occupancy shall be defined as the issuance of a Certificate of Occupancy by the <br /> Building Inspector for the four residential units in the structure. <br /> C. OWNER/DEVELOPER-MUNICIPALITY SHARES OF TIF PROCEEDS <br /> Owner/ <br /> Developer* Municipality <br /> (a) Real Estate: Years 1-5 60% 40% <br /> Yeats 6-15 50% 50% <br /> (b) City Sales Tax -0% -0% <br /> (c) State Sales Tax -0% -0% <br /> * Subject to sufficiency of Estimated Redevelopment Project Costs. The <br /> reimbursement of TIF increment shall be contingent upon completion of the <br /> Fa�ade Renovation Milestone. <br /> ELIGIBLE REDEVELOPMENT PROJECT COSTS ALLOCATED AMOUNTS($) <br /> Land Acquisirion $ -0- <br />, Site Preparation $ -0- <br /> Demolition $ -0- <br /> Planning and Engineering $ 10,000 <br /> Other Professional Fees $ -0- <br /> Street Improvements $ -0- <br /> Streetscape Improvements $ -0- <br /> uriliries $ -0_ <br /> Lighting $ -0- <br /> Construction Interest $ -0- <br /> Rehabilitation Renovarion/Remodelin�?- $ 165,000 <br /> TOTAL ELIGIBLE COSTS: S 175,000 <br /> Tax increment allocations under this Agreement shall continue until all Eligible Redevelopment <br /> Project Costs related to the Development Project are paid or for 15 years, whichever comes first. <br />