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Eastern Area (cont.) <br /> · Economic Development Strategic Plan recommendations, land <br /> use options, and proposed Business Park rezonings <br /> · Trailer court and Waddy Schulze development proposals <br /> · Trunk sewer and water timing and location issues <br /> · County Road 12 reconstruction <br /> <br />City Cost Issues <br /> · Land acquisition...streets (171st and 173rd connection, Brown <br /> property, Waco Street connection to Highway 10) ...Business <br /> Park land (Brown and Eull properties) <br /> · Streets...western area frontage road and Waco connection to <br /> Highway 10, 171st and 173rd connection, 175th to the east, <br /> 171st/Highway 10 signal <br /> · East trunk sewer and water utilities <br /> <br />Source of Funds · Assessments... for utilities and possibly streets <br /> · City Development Fund...Business Park land, property for <br /> streets, utility assessments being "held" <br /> · TIF <br /> · Municipal state aid funds - for eligible streets only <br /> · City reserve funds...WWTP for sewer, Utilities for water, <br /> City Capital Projects Reserve for streets <br /> · City-wide tax levy <br /> <br />Note: <br /> <br />As everyone understands, there are not sufficient funds to <br />finance all of the needed projects and accordingly, priorities will <br />need to be established for desired projects. Additionally, it is <br />very likely that a city-wide tax levy will be necessary to <br />finance the Eastern Elk River trunk utility project. <br /> <br /> <br />