HomeMy WebLinkAbout3bi EDC Report - SignedEXHIBIT A
DESCRIPTION OF THE PROJECT
The construction, renovation and/or rehabilitation, as the case may be, of certain economic
development facilities within the City which will consist of up to one hundred seventy-four (174)
affordable housing units in the existing Beacon Heights development in the River West
Development Area in the City, with an approximate total redevelopment cost of Forty-Seven
Million Dollars ($47,000,000) including a private investment of no less than Forty-Seven Million
Dollars ($47,000,000) to be expended by the Applicant, on certain parcels of real property which
are located in or physically connected to, and will directly serve and benefit, the River West
Development Area and the River West Development Area Allocation Area.
DMS 53075197v1