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4.4.
Economic Development Authority (EDA)
Meeting Date:
08/13/2015
Submitted For:
Patrick Brama
By:
Patrick Brama, Administrative Services

Title:

Review Future Business Park Infrastructure Analysis Preliminary Report

Purpose/Background:

PURPOSE:
The purpose of this case is to review a finalized report from Bolton & Menk on required infrastructure improvements to the City's future business park.

The major difference between this report and the preliminary report reviewed by the EDA in July is the "Cost Allocation Section."  This section was left blank in July; and is now completed.  The purpose of this section is to show alternatives on how the costs associated with "required infrastructure improvements" to the City's future business park can be assigned/ allocated. 

Once this report is adopted, the City will be in position to complete three items:
  1. Complete a cost benefit analysis on the City's future business park
  2. Compile a list of financing "strategies/ alternatives"
  3. Review report with property owners, attain feedback
For background information on this process and the City's future business park, please see attachments.
 

Notification:

NA

Observations/Alternatives:

NA

Funding Source:

TIF 1

Recommendation:

Consider forwarding document to the City Council for adoption, with any desired amendments.

Action:

Consider forwarding document to the City Council for adoption, with any desired amendments.

Attachments

Form Review

Inbox Reviewed By Date
Kurt Ulrich Jo Thieling 08/04/2015 08:40 AM
Brian Hagen Tim Gladhill 08/05/2015 08:24 AM
Kurt Ulrich Jo Thieling 08/05/2015 10:36 AM
Form Started By:
Patrick Brama
Started On:
07/20/2015 09:35 AM
Final Approval Date:
08/05/2015