1. THE NUMBER OF JOBS EXPECTED TO BE CREATED,
DIRECTLY OR INDIRECTLY, AS A RESULT OF THE PROJECT AND THE PERCENTAGE OF
THOSE JOBS EXPECTED TO BE HELD BY CITY OF BALTIMORE RESIDENTS RESIDENTS
OF BALTIMORE CITY;

2. THE WAGE RATES AND BENEFIT PACKAGES FOR THE JOBS
EXPECTED TO BE CREATED;

3. OTHER CITY OF BALTIMORE TAX REVENUES TAX
REVENUES OF BALTIMORE CITY, EXCLUSIVE OF REAL PROPERTY TAXES, THAT THE
PROJECT IS EXPECTED TO GENERATE DURING THE TERM OF THE PAYMENT IN LIEU
OF TAXES AGREEMENT, INCLUDING ADMISSIONS AND AMUSEMENT, PERSONAL
PROPERTY, HOTEL, PARKING, UTILITY, AND OTHER TAXES;

4. THE ENCOURAGEMENT OF ECONOMIC DEVELOPMENT;

5. THE GENERAL PROMOTION AND IMPROVEMENT OF
BALTIMORE CITY AND ITS FACILITIES; AND

6. ANY OTHER RELEVANT BENEFITS;

(III) THE FINANCIAL NECESSITY FOR AN EXEMPTION AS
AUTHORIZED UNDER THIS SECTION; AND

(IV) THAT THE PRIVATE CAPITAL BEING INVESTED IN THE
ECONOMIC DEVELOPMENT PROJECT INCLUDES AN EQUITY INVESTMENT THAT IS:

1. COMMENSURATE WITH THE OVERALL UNDERTAKING;

AND

2. A. AT LEAST $500,000 EXCEPT IN THE CASE OF A
MULTI-FAMILY RESIDENTIAL FACILITY OR AN OFF STREET PARKING FACILITY 10%
OF THE COMBINED EQUITY AND DEBT INVESTMENT IN THE CASE OF A HOTEL
FACILITY OR AN OFFICE BUILDING FACILITY; OR

B. AT LEAST $250,000 IN THE CASE OF A MULTI-FAMILY
MULTIFAMILY RESIDENTIAL FACILITY OR AN OFF-STREET PARKING FACILITY;

(2) THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY HAVE
AUTHORIZED THE PROJECT BY A RESOLUTION STIPULATING THAT STIPULATES
THAT THE PROJECT WILL NOT INVOLVE GAMBLING ACTIVITIES:

(I) BEYOND THOSE GAMBLING ACTIVITIES ALLOWED BY LAW AS
OF JANUARY 1, 1998; 1999; OR

(II) RELATED TO ANY GAME NOT AUTHORIZED BY THE MARYLAND
STATE LOTTERY; AND

(3) THE OWNER OR OWNERS OF THE ECONOMIC DEVELOPMENT
PROJECT AND THE BALTIMORE CITY BOARD OF ESTIMATES ENTER INTO A PAYMENT
IN LIEU OF TAXES AGREEMENT SPECIFYING: