8690 FAUST Avenue Detroit, MI 48228 3125

PROPERTY IS SOLD AS A BUNDLE OF 5 WITH 8608 GREENVIEW, 8664 BRACE, 8665 FAUST, AND 8682 FAUST (VACANT LOT)=$20,000.NOT SOLD SEPARATELY. A COMPLETE RESTORATION IS NEEDED. THE BUYER MUST INCLUDE PLANS FOR REHABBING THE HOME. THE DLBA IS ENTITLED TO A TAX CAPTURE FOR THE 5 TAX YEARS SUBSEQUENT TO TRANSFERRING OWNERSHIP OF THE PROPERTY. 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 DEVELOPMENT FINANCING.BATVAI.PLEASE SEE ATTACHED DOCUMENTS FOR DLBA REQUIREMENTS AND OFFER SUBMISSION INFORMATION.