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BUDGET: The estimated cost of the improvements is $2,140,000.00. Discounts on the fees <br />described above. The tax abatement will have negligible budgetary impact as the abatement will <br />apply only to the incremental value to taxable value attributable to the required improvements on <br />otherwise undeveloped property. <br />RECOMMENDATION: Staff recommends adopting a resolution approving the attached 5 in 5 <br />agreement with Invest Lamar, LLC. <br />