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<br /> -3- <br /> 84:0 7,15 <br /> II. <br /> PROPERTY IMPROVEMENTS AND JOB CREATION <br /> A. Parkview agrees to construct facilities valued at <br /> approximately two mil1ion dol1ars ($2,000,000) and <br /> containing eighty thousand (80,000) square feet on a <br /> portion of the Property. The improvements will include a <br /> manufacturing facility and an office facility with lunchroom. <br /> B. Parkview agrees to create and to have on the payroll <br /> the following numbers of year-round, full-time jobs at the <br /> facilities described above not later than the respective <br /> deadlines specified: <br /> Date New Jobs Cumulative Jobs <br /> December 31, 1991 100 100 <br /> December 31, 1992 50 150 <br /> December 31, 1993 50 200 <br /> III. <br /> TERM, ABATEMENT PERIOD AND RATE OF ABATEMENT <br /> A. All existing and any real estate property taxes (sometimes <br /> also called herein ad valorem taxes) hereafter created, <br /> however measured, valued or imposed (the "Abated Taxes") on <br /> (1) the increase in value of the real estate described in <br /> Exhibit A above the value in the tax year in which this <br /> Agreement is signed and upon (ii) the improvements described <br />