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City Council. At its last meeting, the EDA directed staff to begin discussions <br />with West Business Park property owners for the possible purchase of <br />property with these excess TIF funds. Staff is currently pursuing these <br />discussions at this time. <br /> <br />Recommendation <br /> <br />Staff recommends adoption of Resolution 97- calling for a public hearing <br />to be held on the proposed modification of TIF District No. 5 on Monday, <br />December 1, 1997, at approximately 6 p.m., at City Hall, and also to <br />authorize the Economic Development Authority to provide direction to the <br />Council and staff on the use of these excess TIF funds. <br /> <br />\\elkriver\sys\shrdoc\council\tif5mod.doc <br /> <br /> <br />