Anticipated Development The proposed TIF #1 development is predominately a large scale mixed-use development that will be constructed over the next several years and financed in part by incremental real property tax generated within the TIF. The table provides an overview of the potential development that we believe will occur during the life of the TIF along with estimated dates of when the incremental revenue will flow into the TIF fund. Square Feet Stabilization Year TaxPaSlalleUYIZIw Incremental Value Sales PSF Total Sales Hotel Hotel 96,000 2018 2020 $1 10 $10,560,000 $20.00 $1,920,000 Conference Center 15,000 2018 2020 $0 $0 $0.00 $0 Hotel 70,000 2020 2022 $1 10 $7,700,000 $0.00 $0 MF Multifamily Residential (500 Units) 450,000 2018 2020 $90,000 $45,000,000 $0.00 $0 Multifamily Residential (500 Units) 450,000 2020 2022 $90,000 $45,000,000 $0.00 $0 Multifamily Residential (50 Units) 45,000 2022 2024 $90,000 $4,500,000 $0.00 $0 Senior Living (200 Units) 180,000 2022 2024 $90,000 $18,000,000 $0.00 $0 Retail I Retail Restaurant 35,000 2018 2020 $200 $7,000,000 $250.00 $8,750,000 Retail Restaurant 20.000 2020 2022 $200 $4,000,000 $250.00 $5,000,000 Warehouse Rehab 73,000 2020 2022 $125 $9,125,000 $150.00 $10,950,000 Retail Restaurant 20,000 2022 2022 $200 $4,000,000 $250.00 $5,000,000 Retail Restaurant 5,000 2022 2024 $200 $1 ,000,000 $250.00 $1 ,250,000 Office/Retail I New Office Space 35,000 2018 2020 $100 $3,500,000 $0.00 $0 New Office Space 20,000 2022 2024 $100 $2,000,000 $0.00 $0 New Office Space 10,000 2022 2024 $100 $1,000,000 $0.00 $0 Single Family Single Family 250,000 2022 2024 $125 $31,250,000 $0.00 $0 Total 1,524,000 $162,385,000 $32, 870, 000 Preliminary Project and Financing Plan, TIRZ #1 8 DAVID PETTIT EL i-Li rr; L'i' Lin. lot:- .Ii