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Redevelopment Commission Agenda & Packet 03.27.25
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Redevelopment Commission Agenda & Packet 03.27.25
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3/25/2025 12:22:52 PM
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Dept of Community Investment
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15 <br /> <br /> <br />EXHIBIT C <br />Description of Local Public Improvements <br />The Commission will complete, or cause to be completed, the following work in <br />accordance with the terms and conditions of this Agreement and in compliance with all applicable <br />laws and regulations: <br />• Installation and restoration of the roofs of both 530 S. Michigan Street and 516 S. <br />Michigan Street. <br />• Any other local public improvements eligible to be paid from tax increment finance <br />revenues as agreed upon between the Parties. <br />It is understood between the Parties that the Commission will contribute an amount not to <br />exceed the Funding Amount specified in Section 1.3 of this Agreement for the Local Public <br />Improvements. The Developers shall have the sole responsibility to fund any and all costs <br />associated with Local Public Improvements which exceeds this amount. Any and all costs <br />associated with improvements not explicitly described above and not approved pursuant to <br />Section 4.9 (“Specifications for Local Public Improvements”) or that require funding above <br />the Funding Amount are the sole responsibility of the Developers. <br />
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