2527 DUBOIS

GREAT OPPORTUNITY FOR INFILL HOUSING DEVELOPMENT. THIS LOT SOLD IN BUNDLE OF 5 WITH 2533 DUBOIS, 2537 DUBOIS, 2166 HENDRICKS, AND 2160 HENDRICKS. NOT SOLD SEPARATELY. A BUYER MUST SUBMIT A PROPOSAL TO PURCHASE,INCLUDING CONSTRUCTION PLANS OR PRECEDENT ARCHITECTURAL IMAGES OF PROPOSED DEVELOPMENT & FINANCING PLAN W/ POF, PRE-APP LETTER ,OR A NEW CONSTRUCTION LOAN OF THE PROPERTY. PROJECTS WILL REQUIRE APPROVAL OF THE DESIGN REVIEW FROM THE CITY OF DETROIT. THE TAX CAPTURE MAY BE INCOMPATIBLE WITH TAX ABATEMENT THAT ARE OTHERWISE AVAILABLE TO THE SELECTED PURCHASER. DLBA WILL REVIEW REQUESTS TO WAIVE ITS TAX CAPTURE RIGHTS & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DTACHMENTS.EVELOPMENT FINANCING. BATVI. PLEASE SEE ATTACHED DOCUMENTS FOR DLBA REQUIREMENTS. PROPSALS SHOULD BE SUBMITTED THROUGH GOOGLE DOC APPLICATION. USE THE LINK ON THE ATTACHMENT.