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ELIGIBLE REDEVELOPMENT PROJECT COSTS ALLOCATED AMOUNTS <br /> � <br /> Land Acquisition $ <br /> Site Preparation <br /> Demolition <br /> Planning and Engineering $10.000. <br /> Other Professional Fees <br /> Street Improvements <br /> Streetscape Improvements �$100,000* ' <br /> Utilities <br /> Lighting <br /> Construction Interest <br /> Rehabilitation Renovation/Remodeling- $290,000 <br /> TOTAL: $400,000. <br /> * Streetscape improvements shall be constructed by the Municipality and paid from the Olde Towne TIF <br /> Fund by the City of Decatur, subject to the ternLs of Section A of Exhibit A of this agreement, and shall not <br /> be reimbursable to the Developer. All developer reimbursements under this agreement shall not exceed <br /> $300,000. <br /> Tax increment allocations under this Agreement shall continue until any Note and/or all Eligible <br /> Redevelopment Project Costs related to the Development Project are paid or for fifteen (15) years, <br /> whichever comes first. The payment of any Note and/or Eligible Redevelopment Project Costs is subject to <br /> the availability of Incremental Taxes. No Interest Subsidy payments shall be made which any Note is - <br /> outstanding and unpaid. <br /> TOTAL ELIGIBLE COSTS $ 400.000. <br /> '� D. INCREMENTAL TAXES <br /> (1) INCREMENTAL TAXES <br /> City Percentage . . . . . . . . . . . . . . . . . . • <br /> Year 1 25% <br /> Page 13 of 15 <br />