4.4. SR 12-21-1995 - Laserfiche WebLink

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• Business Park and Industrial Park Activities Including, but not limited to, off -site and on -site infrastructure extensions, site development and site preparation costs, land acquisition, and certain municipal water and sanitary sewer system improvements, etc. $ 50,000 Urban Renewal and Redevelopment Activities Including, but not limited to, off -site and on -site infrastructure extensions, site development and site preparation costs, land acquisition, rehabilitation, demolition, and Mississippi Riverfront Pathway development, etc. $ 75,000 Infrastructure Improvements Including, but not limited to, certain municipal water and sanitary sewer system improvements, etc. 50.000 9 $175,000 The above - referenced expenditures have been overstated as in all likelihood, $80,000 in available funds are attributable to District No. 2. However, overstating proposed expenditures gives the city certain flexibility as future projects present themselves. Although no projects are presently contemplated, the specific areas that the TIF funds would be expended are highlighted in Exhibits B -1 through B -5 of the TIF Plan modification. Business Park and Industrial Park opportunities will be limited to the business park area in the western part of the community and the emerging light industrial and business park opportunities in the eastern part of the community. Urban renewal and redevelopment activities will be limited to the central commercial area and the office district area in downtown Elk River and along Main Street and Jackson Avenue. The potential exists for certain expenditures to be made for surface water management opportunities along the Main Street area, too. Since the November 20 City Council action, the following activities have occurred: • Preparation and distribution of proposed TIF Plan No. 2 modification.