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units across the country that they professionally and successfully manage. <br />Land Size +/- 15.6 acres. . <br />2. Describe the overall nature of the business'and of the operations occurring at <br />the Property (attach additional sheet if more space is needed): <br />The developer, Equal Development, L.L.C., and the entire development team offer exceptional expertise. <br />Equal Development, LLC, owned by William J. Hollingsworth, is truly a unique organization.. With several <br />hundred affordable apartments, Hollingsworth has achieved an impressive record of successful property <br />management,'construction and development including a number of successful "tax credit' projects dating back <br />to 2003. Born out of the belief that nobody cares for a property like the owner, Hollingsworth has been <br />involved in the management, construction and development of several "front cover" examples of the highest <br />standards of the industry. <br />With more than 8 years of proven local Indiana operations and a continuing commitment to providing solid, <br />successful property operations, Hollingsworth stands proud of his history, continued success, trained <br />personnel, and "hands on' style with Equal Development, LLC. <br />3. Estimate the dollar value of the project (excluding. land): $ <br />$11,272,461 is the estimated dollar value of the development, or $88,066 per unit. <br />4. The current assessed valuation of the real property before rehabilitation, <br />redevelopment, economic revitalization, or improvement:-$ <br />Land value is approximately $1,090, 200 and the improvements to be $1,270,300 <br />5. (a) The real property for which tax abatement consideration is petitioned (Property) is owned <br />or to be owned by the following individuals or corporations (if the business organization <br />is publicly held, indicate also the name of the corporate parent, if any, and the name under <br />which the corporation has filed with the Securities and Exchange Commission): <br />NAME ADDRESS IM EREST ( %) <br />BRC South Bend, LLC 340 East Paces Ferry Road, Atlanta, GA 30305 100% 1 <br />