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EXHIBIT B <br />Development Plan <br />Developer proposes to acquire and rehabilitate these properties to return them to active use as <br />market rate rental or owner occupied units. <br />Developer further agrees to not sell any multi - family property for a period of two years from date <br />of closing, these properties being identified as: 514 Rush, 618 Lincolnway East, 626 Lincolnway <br />East, and 701 E. South. <br />Many of these properties / apartments have been empty for years. As part of the rehabilitation of <br />these properties, Developer will restore utilities, remodel interiors, and do general site clean -up. <br />Developer commits to spend a minimum of $80,000 in improvements to these properties within <br />the 24 month period following closing. <br />19 <br />