5A2 Notice to Commence Agreement (Madison Lifestyle, Great Lakes Capitol) - Fully Executed

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Docusign Envelope ID: 445E3BC9-B4DF-85DA-80E4-E5228A18F7BD Exhibit C-1 Description of Local Public Improvements Subject to the Mutual Project Diligence, the Commission will complete, or cause to be completed, the following work in accordance with the terms and conditions of this Agreement and in compliance with all applicable laws and regulations: Phase 1 ■ Construction of a cast -in -place concrete parking structure with approximately six hundred twenty-five (625) parking spaces; ■ Improvements in pedestrian crossings on streets on and around the development site; and ■ Any other local public improvements eligible to be paid from tax increment finance revenues as agreed upon between the Parties, which may include, but is not limited to, site work, material purchases, or the exterior envelope of garage/multifamily structure. Phase 2 ■ Construction of a precast concrete parking structure with approximately three hundred (300) parking spaces; and • Any other local public improvements eligible to be paid from tax increment finance revenues as agreed upon between the Parties. It is understood and agreed by the Parties that the Commission will, at its sole cost and expense, cause the Local Public Improvements to be completed and deliver the Project Property in pad ready condition (as contemplated in the Confirmation Agreement). NOTICE TO COMMENCE AGREEMENT —EXHIBIT C-I PAGE I