PUBLIC NOTICE TO TAXING ENTITIES CONCERNING

CITY OF GREENVILLE, SOUTH CAROLINA

LAURENS ROAD REDEVELOPMENT PLAN

PURSUANT TO
SECTION 31-6-80 OF THE CODE OF LAWS OF SOUTH CAROLINA, 1976, AS AMENDED.

Dated: October 15, 2024

The Greenville City Council, the governing body of the City of Greenville, South Carolina (the “City”),
hereby provides notice, pursuant to Section 31-6-80 of the Code of Laws of South Carolina, 1976, as
amended, of a public hearing concerning a Redevelopment Plan entitled, “City of Greenville, South
Carolina Laurens Road Redevelopment Plan” (the “Redevelopment Plan” or “Plan”). The
Redevelopment Plan is attached hereto as Appendix A.

1. Time and Place of Public Hearing:

The City is establishing a Redevelopment Plan pursuant to Title 31, Chapter 6 of the Code of Laws of
South Carolina, 1976, as amended (the “TIF Act”). The City will hold a public hearing to receive
comments on the Plan on December 9, 2024 at 5:30 p.m. (or as soon thereafter as other hearings are
concluded). The public hearing will be held in the Council Chambers of City Hall, 206 S. Main St., 10th
Floor, Greenville, South Carolina 29601. All interested parties are invited to attend and will be given an
opportunity to be heard at the public hearing.

2. Boundaries of the Redevelopment Project Area:

The proposed redevelopment project area (the “Redevelopment Area”) encompasses approximately 223
acres currently encompassing approximately 105 different properties, which may be further subdivided.
The boundaries of the proposed Redevelopment Area are set forth on Exhibit A-2 of the Redevelopment
Plan attached hereto as Appendix A.

3. Nature of the Public Hearing:

All interested persons will be given an opportunity to be heard at the public hearing to comment on the
Redevelopment Plan.

4. The Redevelopment Plan and the Redevelopment Projects:

Redevelopment Plan

Through the implementation of the Redevelopment Plan, the City intends to assist in the redevelopment
of the property within the Redevelopment Area and to enhance the tax base of taxing districts which
extend into the Redevelopment Area. Specifically, the Plan will assist in the elimination of the conditions
which qualify the Redevelopment Area as a blighted area and/or a conservation area, as defined in the TIF
Act. By eliminating blighted areas and improving conservation areas through the improvements described
in the Redevelopment Plan, the Redevelopment Area will be poised for investment by the private sector.
The Redevelopment Plan has been prepared in accordance with the TIF Act. The duration of the Plan is
thirty years beginning at the issuance of an obligation supported by the tax increment revenue.

The ultimate purpose of the Plan is to create an environment conducive to development of private
property through provision of public infrastructure and affordable housing. It is believed that these
enhancements will encourage the development of the Redevelopment Area which contains static or
declining land values, structural obsolescence, deleterious land use or layout, deterioration of structures
and site improvements, excessive vacancies and lack of storm drainage facilities. The Plan, when
implemented, promote the reuse and development of underutilized areas; thereby, resulting in increased
employment, tax base and investment within the City.

Redevelopment Projects

The following is a description of the improvements to be financed or paid for with either tax increment
bonds and/or tax increment revenues on a pay-as-you-go basis, including investment earnings thereon,
(collectively, the “Redevelopment Projects”):

 Trails, plazas, open space and outdoor public recreational areas, public plazas, wetland
preservation, tree preservation and related supporting facilities and infrastructure, such as
restrooms;

 Roadways and related improvements, including but not limited to intersection improvements,
bike lanes, turn lanes, right of way acquisition, off site traffic improvements, signalization;
signage, landscaping, sidewalks, lighting, street trees and other streetscape improvements;

 Affordable housing;

 Utilities, including but not limited to, water, sewer, storm water, broadband and related
infrastructure; and

 Parking facilities.

5. Maximum Amount and Term of Obligations to be Issued Under the Redevelopment Plan:

The costs of the Redevelopment Projects will be paid from tax increment bonds issued by the City and
from tax increment revenues used on a pay-as-you-go basis, private investment or any such other funds
that the City may make available for purposes of paying Redevelopment Project costs.

There will be issued from time to time up to $285 million in tax increment bonds in one or more series to
finance Redevelopment Project costs. The $285 million amount includes actual project costs, capitalized
interest, costs of issuance, reserves and an allowance for increased costs in the future. The term of the
bonds will not exceed 30 years from the date of issue; provided, that no such bond will be stated to
mature after the expiration of the tax increment district created by the Plan. Debt service on the bonds will
be paid from tax increment revenues.

6. Request for Taxing Entity Comments

All taxing entities may submit comments regarding the Redevelopment Plan to:

Shannon Lavrin, City Manager

Greenville City Hall
206 S. Main Street, 10th Floor
Greenville, South Carolina 29601

All comments must be received prior to the date of the December 9, 2024 public hearing.

2
 APPENDIX A

CITY OF GREENVILLE, SOUTH CAROLINA

LAURENS ROAD REDEVELOPMENT PLAN

(See attached)

A-1
 CITY OF GREENVILLE, SOUTH CAROLINA
LAURENS ROAD REDEVELOPMENT PLAN
I. Introduction

The City of Greenville, South Carolina (the “City”) desires the use of tax increment financing to
assist in the funding of public infrastructure for development areas around Laurens Road. This
redevelopment plan (the “Laurens Road Redevelopment Plan” or the “Redevelopment Plan”) is
the basis for using the statutory authorization for tax increment financing.

The approval of a “redevelopment plan” by ordinance by the City Council is required for the City
to utilize tax increment financing. The Laurens Road Redevelopment Plan constitutes a
“redevelopment plan” as defined in “Tax Increment Financing Law” for municipalities, codified
as Title 31, Chapter 6, Code of Laws of South Carolina, 1976, as amended (the “City TIF Act”).

The City’s objectives are described in Section II. The redevelopment project area is described and
defined as the “Redevelopment Project Area” in Section III. The qualifications of the
Redevelopment Project Area for the use of the City TIF Act are described in Section IV. The
general land uses expected within the Redevelopment Project Area are described in Section V. The
redevelopment projects are described and defined as the “Redevelopment Projects” in Section VI.
The estimated redevelopment project costs are described and defined as the “Redevelopment
Project Costs” in Section VII. A description of proposed financings, including the sources of
repayment for the proposed financings, are described in Section VIII. A description of the
estimated impact on revenues from this Redevelopment Plan is described in Section IX.

II. Statement of Objectives

Through the implementation of the Redevelopment Plan, the City intends to assist in the
redevelopment of the property within the Redevelopment Project Area and to enhance the tax base
of taxing districts which extend into the Redevelopment Project Area. Specifically, the
Redevelopment Plan will assist in the elimination of the conditions which qualify the
Redevelopment Project Area as a Blighted Area and/or a Conservation Area, as defined in the City
TIF Act as detailed below in Section IV.

Specifically, the City believes that the Redevelopment Plan will assist with the following City
objectives:
 Enhance quality of life through preserving open space for recreational uses, and protecting
environmental resources;
 Create opportunities for residential and commercial activities to locate within the city,
specifically creating affordable housing opportunities;
 Control sprawl through investing in urban infill efforts to steer growth into a high-density,
mixed-use node along the Laurens Road Corridor;
 Enhance transportation and mobility in Greenville by carefully redesigning infrastructure
along the Laurens Road corridor to support walking, biking, and transit as safer and more
appealing modes of travel for all users;
  Broaden and increase the tax base of the City and other overlapping taxing districts;
 Provide public infrastructure, including streets and streetscapes, water and sewer
infrastructure and storm drainage infrastructure, to help accomplish the objectives above;
and
 Support the development of affordable housing within the City.

The duration of this Redevelopment Plan is thirty years beginning at the issuance of an obligation
supported by the tax increment revenue.

III. Description of the Redevelopment Project Area

The Redevelopment Project Area shall consist of the real property parcels and surrounding public
rights of way specified on Exhibit A-1. The Redevelopment Project Area is further described
below.

The Redevelopment Project Area is generally located around a segment of Laurens Road,
extending from its intersections with Haywood Road to Verdae Boulevard. The Redevelopment
Project Area includes portions of the following roadways and the real property alongside the
following roadways (as shown on Exhibit A-2):
 Laurens Road
 Haywood Road
 Old Woodruff Road
 Woodruff Road
 Market Place Drive
 Verdae Commons Drive
 Verdae Boulevard
 Halton Road
 Laurel Creek Lane
 Evelyn Avenue

The Redevelopment Project Area is approximately 223.547 acres, including wetlands but
excluding publicly owned rights of way.

The entire Redevelopment Project Area is located within the City and within Greenville County.

The Redevelopment Projects (described below) will not displace any persons residing in the
Redevelopment Project Area.

IV. Qualification of the Redevelopment Project Area

Specifically, the Redevelopment Project Area qualifies for the City TIF Act’s use of tax increment
financing as a “Blighted Area” and/or as a “Conservation Area” both as defined in Section 31-6-
30 of the City TIF Act. The Redevelopment Project Area includes improved land and vacant land.
The Redevelopment Project Area qualifies as a Blighted Area and/or as a Conservation Area based
on the following characteristics:

2
 Static or declining land values – Since 2007 land values throughout the Redevelopment
Project Area have stagnated, and in certain cases declined. This trend is in stark contrast to
the significant increase in land values, and thus growth in tax revenue, created in the
surrounding areas of Laurens Road and Woodruff Road including Hollingsworth Park,
Gower, Parkins Mill, shops at Greenridge and Magnolia Park. This economic stagnation
negatively impacts the welfare of the surrounding communities, and the loss of potential
tax revenues negatively impacts the welfare of the City and County.

 Obsolescence – The electrical and mechanical systems of the remaining legacy retail
buildings within the Redevelopment Project Area have become functionally obsolete and
operationally inefficient, making these facilities unattractive to prospective users (tenants).
This obsolescence would require extensive and cost prohibitive reinvestment of new
technology and significant renovations to make the facilities operative.

 Deleterious land use or layout - The layout of the land within the Redevelopment Project
Area, which reflects outdated and inefficient suburban sprawl, characterized by low-
density and high parking count land uses, is detrimental to more sustainable, mixed-use
pedestrian and cyclist orientation. The existing layout is not consistent with the type of
urban, mixed-use community node, that is identified in the new development code and
GVL 2040, to help strengthen and preserve the existing neighborhoods in this section of
Laurens Road.

 Deterioration of Structures and Site Improvements – Many structures and site

improvements within the Redevelopment Project Area are in a state of deterioration, with
visible damage and decay that detract from their usability and safety. The consistent
presence of deterioration, including but not limited to, compromised building envelopes
and facades requiring demolition, failing legacy storm water requiring redesign, expansive
parking fields affected by surrounding development, aged and non-conforming
monumentation are a direct result of the buildings and infrastructure reaching the end of
their useful lives. The ramifications of inaction are severe, encompassing lost tax base, the
deterioration of neighboring commercial development, negative impacts on adjoining
residential neighborhoods, job declines, and an overall erosion of the economic health and
growth of the community.

 Excessive vacancies - High vacancy rates, ranging from 20% to 100% across the
Redevelopment Project Area experienced over the prior decade, has led to underutilization
of real estate and even demolition of vacant buildings to minimize the detrimental effects.
The vacancy rates in the Redevelopment Project Area are higher than in the immediate
surrounding area, as well as the City in general. The elevated vacancy rates both result
from and contribute towards other characteristics of blight, including static land values,
deterioration of buildings and concerns surrounding health, safety and security for the
general public.

 Lack of storm drainage facilities - The storm drainage infrastructure within the
Redevelopment Project Area is inadequate for the redevelopment of the real property into
a denser, mixed-use community node. The current storm drainage facilities, designed and
built for sprawling retail under outdated storm water requirements, cannot properly handle

3
 the runoff and environmental stresses of more intensive land uses, thus limiting desired and
sustainable redevelopment.

The real property in the Redevelopment Project Area includes both undeveloped and
underdeveloped areas. Redevelopment, sound growth and a growing tax base are impaired by a
combination of the characteristics noted above, which shall be reduced through the execution of
this Redevelopment Plan.

V. General Land Uses to Apply in the Redevelopment Project Area

Allowed land uses in the Redevelopment Project Area are currently provided by zoning
regulations, in accordance with the proposed combined of “MX zonings” under the City’s
Development Code.

The City expects the following land uses to apply in the Redevelopment Project Area, all of which
are allowed under the proposed zoning:

 Potential public parks and open green space

 Residential (including affordable housing)
 Commercial
 Hospitality
 Community sports and event center
 Parking
 Public right of way and open spaces, including pedestrian and cyclist assets

Other development uses shall be allowed, in accordance with City zoning regulations.

Estimates of the vertical development uses to be constructed within the Redevelopment Project
Area are shown below in Table A.

Table A
Estimated Development Uses in the Redevelopment Project Area

Estimated Units /Rooms/ Square

General Land Use Footage
Residential 3,000 (Units)
Hotel 300 (Rooms)
Commercial 1,400,000 (Square Feet)

The anticipated development uses, and estimated quantity of units and square footage specified in
Table A above may adjust in response to market conditions. The quantities specified above will
not serve as a limit to the types or quantity of development uses. Additional development uses may
also occur.

4
VI. Redevelopment Projects

In accordance with Section 31-6-30, 6 of the City TIF Act, the following redevelopment projects
(collectively the “Redevelopment Projects”) may be provided by the Redevelopment Plan.
 Trails, plazas, open space and outdoor public recreational areas, public plazas, wetland
preservation, tree preservation and related supporting facilities and infrastructure, such as
restrooms;
 Roadways and related improvements, including but not limited to intersection
improvements, bike lanes, turn lanes, right of way acquisition, off site traffic
improvements, signalization; signage, landscaping, sidewalks, lighting, street trees and
other streetscape improvements;
 Affordable housing;
 Utilities, including but not limited to, water, sewer, storm water, broadband and related
infrastructure; and
 Parking facilities.

The City anticipates that the Redevelopment Projects will be constructed over the next twenty to
twenty-five years. The Redevelopment Projects may be constructed by private entities prior to a public
entity acquisition of the Redevelopment Project.

VII. Estimated Redevelopment Project Costs

The estimated costs of the Redevelopment Projects (“the Redevelopment Project Costs”) are
shown in Table B below.

[Remainder of Page Intentionally Left Blank]

5
 Table B
Estimated Redevelopment Project Costs

Redevelopment Project Estimated Costs

 Trails, plazas, open space and outdoor public
recreational areas, public plazas, wetland
preservation, tree preservation and related
supporting facilities and infrastructure, such as
restrooms;
 Roadways and related improvements, including but
not limited to intersection improvements, bike
lanes, turn lanes, right of way acquisition, off site
traffic improvements, signalization; signage,
landscaping, sidewalks, lighting, street trees and
other streetscape improvements;
 Affordable housing;
 Utilities, including but not limited to, water, sewer,
storm water, broadband and related infrastructure;
and
 Parking facilities.
Total $210,000,000

The actual Redevelopment Project Costs will vary from the estimated costs shown in Table B
above because of general economic and design factors that cannot be known at this time. The
estimated costs shown in Table B are not limits on the amount that may be spent on the total cost
of the Redevelopment Projects.

The estimated costs specified above include estimates for the cost of land and estimates for
construction management services necessary for the construction of the improvements, both of
which shall be considered eligible costs.

The costs of the long-term maintenance for the Redevelopment Projects may be funded from the
tax increment revenues generated from the Redevelopment Project Area. The costs of the long
term maintenance of the Redevelopment Projects are estimated to equal approximately $900,000
annually (which amount excludes maintenance costs of affordable housing).

The responsibility for the maintenance of the Redevelopment Projects will reside with the public
entity that takes ownership of the Redevelopment Project and will be an ongoing obligation of
such public entity. The long-term maintenance plan for each Redevelopment Project shall be set
by the relevant public entity. The maintenance cost for each Redevelopment Project shall be paid
by the relevant public entity.

6
VIII. Funding of Redevelopment Projects and Anticipated Financings

A. Anticipated Source of Funds to Pay the Redevelopment Project Costs

Redevelopment Project Costs may be paid from the proceeds of tax increment finance debt
obligations, direct use of tax increment finance revenues and/or from funds provided by entities
involved with the Redevelopment Projects, which may be other private entities, the City and or
other public entities; however, the City will be under no obligation to utilize other sources of funds
to pay for Redevelopment Project Costs. Consistent with the anticipations specified above, and
pursuant to the City TIF Act, the City may utilize the tax increment finance revenues as a source
of funding for the Redevelopment Project Costs as further described below.

Specifically, incremental tax revenues will be pledged to secure debt obligations authorized by the
City TIF Act. As further explained below, the City will issue debt obligations authorized by the
City TIF Act in order to fund the Redevelopment Project Costs, either by utilizing bond proceeds
for the acquisition of Redevelopment Projects previously constructed or installed by other parties
or by providing bond proceeds for the initial construction or acquisition of the Redevelopment
Projects.

In accordance with the TIF Act, the City will pledge incremental tax revenues not utilized for the
payment of debt obligations authorized by the City TIF Act (the “Excess Revenues”) to fund, on
a “pay as you go” basis, the Redevelopment Projects, either by funding the initial payment of the
Redevelopment Project Costs or by acquiring Redevelopment Projects previously constructed or
installed by other parties.

The use of bond proceeds and/or the use of Excess Revenues for the acquisition of previously
constructed or installed Redevelopment Projects may be established by one or more agreements
entered into by the City and an entity which agrees to provide and fund a Redevelopment
Project(s).

To accomplish the uses specified above, the City may establish one or more project accounts for
the accumulation and utility of tax increment finance revenues.

B. Issuance of Tax Increment Finance Obligations

As noted above, the City will issue, in multiple series, debt obligations authorized by the City TIF
Act to fund or partially fund the Redevelopment Project Costs. Assuming the City issues debt
obligations authorized by the City TIF Act, the City will pledge the incremental tax revenues
captured in the special tax allocation fund (detailed below) to secure such debt obligations. All of
the debt obligations supported by the incremental tax revenues are expected to have a term that
concludes no later than the termination of the Redevelopment Plan. The details of the borrowings
shall be prescribed by one or more separate ordinances of the City Council. The estimated total
indebtedness to be incurred (inclusive of costs of issuance, capitalized interest and reserves, as
applicable) is $285,000,000.

7
In accordance with the City TIF Act, in order for the tax increment finance revenues anticipated
by this Redevelopment Plan to be utilized as expected, the City must issue a debt obligation
supported by the tax increment revenues within ten years of the approval of this Redevelopment
Plan.

C. Sources for the Repayment of Tax Increment Finance Obligations

Pursuant to the City TIF Act, the sources of funds available for the repayment of any tax increment
finance obligations include fifty percent of the tax increment revenues from all taxing districts that
overlap the Redevelopment Project Area that have not objected to the Redevelopment Plan
pursuant to the City TIF Act resulting from the increase in the assessed value of the property within
the Redevelopment Project Area (as further explained in the following section) and potentially
other sources. The City’s commitment for the repayment of the tax increment finance obligations
will be limited to the special tax allocation fund (detailed below) and, only if so chosen by the
City, any other revenues specifically pledged at the issuance of such obligation or at a later point
in time. The City has made no commitment to, nor is it under any requirement to, pledge another
source of revenue to secure the anticipated debt obligations.

D. Annual Calculation of Tax Increment Finance Revenues

Pursuant to the City TIF Act, following the City Council of the City of Greenville’s approval of
this Redevelopment Plan by ordinance, the Greenville County Auditor will determine and certify
the most recently ascertained assessed value of all taxable real property within the Redevelopment
Project Area as of the date of the enactment of the ordinance. For each parcel of real property, this
value is the “initial assessed value.” The combined total of the “initial assessed value” for all real
property within the Redevelopment Project Area will equal the “total initial assessed value.”

Pursuant to the City TIF Act, after the issuance of a debt obligation, the increase in assessed value
of real property within the Redevelopment Project Area will be calculated on an annual basis for
the term of the Redevelopment Plan by subtracting the total initial assessed value from the total
current assessed value of the property in the Redevelopment Project Area. Collected ad valorem
real property taxes resulting from this increase in assessed value will be deposited into a special
tax allocation fund. Of the amount deposited in special tax allocation fund, fifty percent (the
“Pledged Revenues”) shall be pledged to the payment of Redevelopment Projects and to the debt
service on any debt obligations issued by the City authorized by the City TIF Act, and the
remaining fifty percent shall be distributed to the respective taxing districts in the manner required
by law in the absence of the adoption of this Redevelopment Plan. Collected ad valorem property
taxes resulting from the total initial assessed value will be paid by the Greenville County Treasurer
to the respective taxing districts in the manner required by law in the absence of the adoption of
this Redevelopment Plan. The sum of the assessed value of the real property in the Redevelopment
Project Area, valued as of January 1, 2024 by the Greenville County Assessor’s Office, is
$10,718,034.27

The estimated appraised value for taxing purposes of the real property in the Redevelopment
Project Area after the completion of the estimated development uses and excluding any increases
in value over time, is $857,181,700.00

8
The estimated assessed value for taxing purposes of the real property in the Redevelopment Project
Area, after the completion of the estimated development uses and excluding any increases in value
over time, is $50,380,354.27.

Utilizing the estimates of appraised values and assessed value specified in the prior paragraphs,
and assuming a ten percent increase in appraised value at each County wide reappraisal period
(every five years) and constant millage rates, the estimated annual incremental assessed value and
the resulting tax increment revenues to be generated and pledged for the purpose of paying the
Redevelopment Project Costs and or pledged to the payment of the related debt obligations, are
shown in Table C below.

[Remainder of Page Intentionally Left Blank]

9
 Table C
Estimated Assessed Value & Estimated Pledged TIF Revenues
Estimated Tax
Estimated Total Increment Revenue Estimated Tax
Estimated Total Estimated Total Incremental Real Contributed to Increment Revenue
Development Fiscal Year Incremental Taxable Incremental Property Tax Special Tax Allocated to Taxing
Year Ending End Value Assessed Value Revenues Allocation Fund Districts
12/31/2024 6/30/2026 $0 $0 $0 $0 $0
12/31/2025 6/30/2027 $0 $0 $0 $0 $0
12/31/2026 6/30/2028 $0 $0 $0 $0 $0
12/31/2027 6/30/2029 $0 $0 $0 $0 $0
12/31/2028 6/30/2030 $62,960,000 $3,735,199 $672,336 $0 $672,336
12/31/2029 6/30/2031 $113,449,170 $6,660,928 $1,365,530 $0 $1,365,530
12/31/2030 6/30/2032 $121,369,170 $7,094,362 $2,553,472 $1,276,736 $1,276,736
12/31/2031 6/30/2033 $176,820,170 $10,379,656 $3,735,192 $1,867,596 $1,867,596
12/31/2032 6/30/2034 $300,724,170 $17,772,130 $6,394,265 $3,197,132 $3,197,132
12/31/2033 6/30/2035 $300,724,170 $17,730,363 $6,379,241 $3,189,621 $3,189,621
12/31/2034 6/30/2036 $357,772,557 $21,043,460 $7,572,755 $3,786,377 $3,786,377
12/31/2035 6/30/2037 $392,440,557 $22,561,754 $7,955,911 $3,977,955 $3,977,955
12/31/2036 6/30/2038 $484,158,557 $28,023,068 $9,920,346 $4,960,173 $4,960,173
12/31/2037 6/30/2039 $506,906,557 $29,346,182 $10,396,270 $5,198,135 $5,198,135
12/31/2038 6/30/2040 $589,029,257 $34,231,778 $12,153,619 $6,076,809 $6,076,809
12/31/2039 6/30/2041 $783,935,053 $45,757,243 $16,284,918 $8,142,459 $8,142,459
12/31/2040 6/30/2042 $834,592,913 $48,754,948 $17,363,193 $8,681,596 $8,681,596
12/31/2041 6/30/2043 $834,592,913 $48,713,182 $17,348,169 $8,674,085 $8,674,085
12/31/2042 6/30/2044 $893,689,313 $52,217,200 $18,608,565 $9,304,282 $9,304,282
12/31/2043 6/30/2045 $921,613,693 $53,892,663 $19,211,229 $9,605,614 $9,605,614
12/31/2044 6/30/2046 $1,030,121,032 $60,263,275 $21,486,887 $10,743,443 $10,743,443
12/31/2045 6/30/2047 $1,091,540,027 $63,948,415 $22,812,431 $11,406,216 $11,406,216
12/31/2046 6/30/2048 $1,091,540,027 $63,948,415 $22,812,431 $11,406,216 $11,406,216
12/31/2047 6/30/2049 $1,091,540,027 $63,948,415 $22,812,431 $11,406,216 $11,406,216
12/31/2048 6/30/2050 $1,091,540,027 $63,948,415 $22,812,431 $11,406,216 $11,406,216
12/31/2049 6/30/2051 $1,217,040,000 $71,324,603 $25,448,210 $12,724,105 $12,724,105
12/31/2050 6/30/2052 $1,217,040,000 $71,324,603 $25,448,210 $12,724,105 $12,724,105
12/31/2051 6/30/2053 $1,217,040,000 $71,324,603 $25,448,210 $12,724,105 $12,724,105
12/31/2052 6/30/2054 $1,217,040,000 $71,324,603 $25,448,210 $12,724,105 $12,724,105
12/31/2053 6/30/2055 $1,217,040,000 $71,324,603 $25,448,210 $12,724,105 $12,724,105
12/31/2054 6/30/2056 $1,355,089,970 $79,438,409 $28,347,566 $14,173,783 $14,173,783
12/31/2055 6/30/2057 $1,355,089,970 $79,438,409 $28,347,566 $14,173,783 $14,173,783
12/31/2056 6/30/2058 $1,355,089,970 $79,438,409 $28,347,566 $14,173,783 $14,173,783
12/31/2057 6/30/2059 $1,355,089,970 $79,438,409 $28,347,566 $14,173,783 $14,173,783
12/31/2058 6/30/2060 $1,355,089,970 $79,438,409 $28,347,566 $14,173,783 $14,173,783
12/31/2059 6/30/2061 $1,506,944,937 $88,363,596 $31,536,858 $15,768,429 $15,768,429
12/31/2060 6/30/2062 $1,506,944,937 $88,363,596 $31,536,858 $0 $31,536,858

Total $284,564,745 $318,139,468

10
IX. Estimate of Impact on Tax Revenues

The Redevelopment Plan is estimated to provide a positive impact upon the revenues of all taxing
districts in which the Redevelopment Project Area is located.

In accordance with the City TIF Act, real property taxes on the current assessed value will continue
to be paid to the relevant taxing districts.

During the term of the Redevelopment Plan, all taxing districts are anticipated to receive a positive
impact from the receipt of fifty percent of the incremental real property taxes resulting from the
expected redevelopment efforts within the Redevelopment Project Area. Additionally, all taxing
districts are anticipated to receive a positive impact from increased personal property tax revenues
resulting from expected redevelopment efforts within the Redevelopment Project Area.

Following the term of the Redevelopment Plan, all taxing districts are anticipated to receive a
positive impact upon their revenues from an increase in assessed value resulting from the
Redevelopment Plan and the development of the Redevelopment Project Area.

The estimated impacts from incremental real property tax revenues, on an annual basis, are
provided in Table D below.

Table D
Estimated Annual Incremental Real Property Tax Revenues

FY Ending 6/30/2047 FY Ending 6/30/2062

Full Build Out Assumed 100% of Incremental
Annual, incremental 50% of Total Incremental Tax Revenues
real property tax Tax Revenues Kept by After Termination of
revenues received by: Local Jurisdictions Redevelopment Project Area
City $2,605,175 $7,203,008
Arena District $9,592 $26,509
School District $6,541,525 $18,086,561
County $2,205,157 $6,161,038
Museum $44,767 $59,742
Total $11,406,216 $31,536,858

11
 Exhibit A-1
Redevelopment Project Parcels

Tax Map # Acreage

0263050105000 0.04
0263000400101 7.442
0263000300104 0.433
0263000300202 0.444
0263000300100 0.594
0263000300213 0.755
0263000200200 0.841
0273000100104 0.954
0273000100103 0.994
0273000100105 0.994
0273000100102 1.009
0263000300211 1.166
0263000300220 2.017
0263000300224 3.491
0263000300221 3.826
0263000300223 4.567
0263000300217 4.703
0263000200501 6.568
0263000300219 7.557
0263000300401 7.724
0263000300222 8.763
0263000200400 9.629
0273000100101 20.421
0263000300210 28.571
0263000300402 7.03
0259000100306 0.252
0259000100308 6.816
0259000100338 2.38
0263050104300 0.033
0263050104700 0.033
0263000300102 0.87
0263050101400 0.033
0263050103700 0.033
0263050103300 0.033
0263050100800 0.033
0263000300207 0.945
0263050103400 0.04
0263000300200 20.117

Exhibit A-1 Page 1

Tax Map # Acreage
0263050105800 0.032
0263050103000 0.034
0263050102100 0.042
0263050101200 0.033
0263050101300 0.033
0263050102200 0.041
0263000300400 6.427
0273000100109 26.499
0263050101500 0.041
0263050101600 0.041
0263050100900 0.041
0263050100600 0.04
0263050102500 0.033
0263000300205 1.115
0263050104100 0.041
0263050100400 0.033
0263050103100 0.042
0263050103500 0.039
0263050102600 0.033
0263050106000 3.146
0263050102400 0.033
0263050103200 0.041
0263050101100 0.033
0263050102800 0.043
0263050101900 0.033
0263050105100 0.041
0263050103900 0.033
0263050101800 0.033
0263000104800 1.928
0263000100302 2.806
0263000100303 0.978
0263050104000 0.04
0263050105500 0.033
0263050104600 0.041
0263050102700 0.041
0263000300101 1.253
0263050102000 0.033
0263050100500 0.041
0263050104400 0.033
0263050100200 0.033

Exhibit A-1 Page 2

Tax Map # Acreage
0263050102300 0.033
0263050105200 0.033
0263050100300 0.033
0263000103601 0.215
0263050105600 0.041
0259000100307 0.222
0263050103600 0.033
0263000103600 1.392
0263050105900 0.037
0263050104900 0.033
0263050100700 0.033
0263000300103 1.203
0263050104500 0.041
0263050104800 0.033
0262000101736 1.14
0263050105300 0.033
0263000300218 10.312
0263050103800 0.033
0263050101700 0.033
0263000103800 0.452
0263000103900 0.452
0263050105400 0.033
0263050104200 0.033
0263050105700 0.041
0263050101000 0.041
0263050102900 0.034
0263050100100 0.041

Exhibit A-1 Page 3

 Exhibit A-2
Redevelopment Project Area

Exhibit A-2 Page 1