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� a '��• `C"�s.''�"� R"t[q��m ��.£ <br /> EXHIBIT 3 <br /> Tax Increment Eligible Project Costs <br /> ELIGIBLE REDEVELOPMENT PROJECT COSTS ALLOCATED AMOUNTS <br /> Land Acquisition $0 <br /> Site Preparation/demolition $400,000 <br /> Planning and Engineering $220,000 <br /> Rehabilitation Renovation/Remodeling $1,653,000 <br /> TOTAL ELIGIBLE PROJECT COST $2,273,000 <br /> OWNER/DEVELOPER SHARE OF TIF INCREMENT COLLECTED BY MUNICIPALITY AND <br /> NOT ABATED THROUGH ENTERPRISE ZONE <br /> Developer* <br /> Real Estate <br /> Year 1 0% <br /> 2 20% <br /> 3 40% <br /> 4 60% <br /> 5 80% <br /> 6 100% <br /> 7 l00% <br /> * Subject to sufficiency of Estimated Redevelopment Project Costs and generation of incremental taxes. <br /> CITY OF DECATUIZ/FirsTech Red.Agreement 25 <br /> Page 125 of 161 <br />