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ar~t~a. ~e1~. R.e~develap~llezlt ~~al~lllliSi~17 <br />I~eguiar .~eetin~ ---~pte111~~C1~ 7, 207 <br /> <br />~. Tai Ab~tee~~ts <br />~~} eo~fi~~ue~,.~ <br />~llc1..1"~~.~t. ~'ilc ~-o ect ~vil.l lie ca1-~-.~.ed at~t X11 <br />t~va l~h~~ses. I1~ eacil p~ae, they ~vi.~. <br />eal~strr~ct ~ ~~4,~~~} slit. rTill~iz~ t~a1' <br />col~strl~ctia~~ of Phase ~:C~ ~~iil ce~~e1~d ail <br />111c~1°~~~t ca1.~.c~~.tialls. <br />epCll~lill~ ail the sire of. the p1'a~GCt, file <br />ta~~s to t~L' cl~at~[~ C~~lt'111~ t~1.e e~~ellwyC~~1" <br />~~.~a~;e1~~~11t ~~1"~ ~s~1.1.~1.~~.te~~. to ra11~e ~'1"am <br />~4 ~,~~~ t0 77~~,5~~~, ~`lle tatc~~ t~.xes to be <br />paid ~~~ri11~ thclt ~~l~~.e pe1~i~~1 are esti~~~atec~. to <br />~~~1~~e ~a~~~ ~;~~~~,3~~~ to SBI,?~~] . Tfle tapes <br />e1~e~-ate~ X11 ti~at ~~~ca1~t ja.~ld in ~{~~~ ~~erc <br />X358 ~e1~ ~e~r, ~~~~~~~ al~~~~ fie ~~,5~}~ d~~ri~~ <br />t~~e a1~1C se~rel~ year pe1•io~. <br />~l1~ve ~eVelall~ P~~1-t11e~'~ C~t~ll~ates tilat the <br />fatal p1•o j ect ~r~ ~ ~ create fa~~~` ne~u, pe1~~~a~~e~~t, <br />~~~~~-t~1~~ejobs ~~.tlli~~1 the first yeah, <br />represent~~~g a ~le~u a.11~l~1c€~ paylAal~ al~ <br />~ ~~,a~0. ~t r~i~l ~llail~ta1~~ ~~ existing <br />perlr~ancnt full-time j ales with ail an~1~~al <br />payroi~ af~b90,~~{~. <br />Ol~~e C'lcvei~.~~d Partners had 11at ~~a.d any <br />prc~i~~~s ahatexl~e~~ts. The prod ect is pr overly <br />~~1~e~ far the prapased use. The prape~-ty ~ <br />in tl~e Airport :~eol~a~nic ~l~evelop~~~e~~t area, <br />a tax i~~erell~e~lt allaetia~l area.; tl~erefare, t~~e <br />petztiall far real. p~'aperty tax abatele~t must <br />first ~~e approve~~ ~~y the auth e71d <br />Ree~+elap.e~~t 0111~71~1~I1. The pra~ect <br />cl~~~~1 i. ~i e far sc~~ era years of real prapcrty <br />a~~atel~~.c11t ~~~~de1' tl7c t~~x abaten~ez~t <br />arcl~1~~~1~ce. <br />:. <br />l7 <br />