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A- <br />• <br />• <br />• <br />Offering Sheet <br />Parcel <br />Size <br />Minimum Purchase <br />Price <br />Proposed Use <br />Ground Rights and Real <br />±0.58 Acres <br />$ 23,250.00 <br />Parking and Retail <br />Estate Interest in Site at 121 <br />Facility, including all <br />South St. Joseph Street, <br />necessary access and <br />supporting and subject to the <br />supporting easements <br />use of the air rights as a 150- <br />for the residential <br />175 unit residential <br />condominium /hotel <br />condominium /hotel <br />development to be <br />development, and subject to <br />constructed above. <br />any rights reserved by the <br />Commission. <br />Parcel C4 -89 <br />If the developer is unable or unwilling to provide for Project's full completion or in the event the <br />developer determines that it is unable to secure sufficient useage of the Project such that it <br />becomes unlikely to maintain private ownership of the Project, the developer agrees it will <br />provide the Commission with a repurchase right to ensure continued operation of the Project <br />which repurchase right shall permit the Commission to repurchase, in whole or in part, the <br />ground rights and real estate and the Project located thereon at fair market value (determined by <br />the average of two (2) appraisals performed on behalf of the Commission at that time), which <br />repurchased rights may be subject to a lease to the developer. <br />