Laserfiche WebLink
Item 3.b.iii. <br />EXHIBIT A <br />DESCRIPTION OF THE PROJECTS <br /> <br />The acquisition and construction, as the case may be, of certain economic development <br />facilities within the City which will consist of up to ninety-two (92) single-family detached <br />homes containing two (2) to four (4) bedrooms of which (i) at least thirty-nine (39) homes will <br />be sold to households earning less than eighty percent (80%) of the Area Median Income <br />(“AMI”), and (ii) at least seventeen (17) homes will be sold to households earning between <br />eighty percent (80%) of AMI and one hundred twenty percent (120%) of AMI, with an <br />approximate total development cost of Twenty-five Million Dollars ($25,000,000), on certain <br />parcels of real property generally located in the Lincoln Park neighborhood in the City, which <br />are, or will be, located in or physically connected to, and will directly serve and benefit, the <br />River West Economic Development Area and the River West Allocation Area. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />DMS 43656716v2