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APPENDIX A <br /> PROJECT DESCRIPTION <br /> Tax Increment Financing District No. 22 is being established to facilitate the redevelopment of the Bluff <br /> Block and Jackson Block in downtown Elk River.The project is part of the Downtown Revitalization Project, <br /> with the primary goal being to assume the long-term viability of downtown by making a connection to the <br /> rest of the community and by utilizing the riverfront location. The redevelopment will enhance downtown <br /> Elk River's role as a residential, retail and commercial area and revitalize investment in the downtown <br /> business district. <br /> The Bluff Block Development will include 10,000 square feet of commercial development on the first floor <br /> along Main Street and 52 units of for-sale housing above the commercial.The development will also include <br /> 70-80 below grade parking stalls for the housing and commercial residents. <br /> The Jackson Block Development will also include 10,000 square feet of commercial development on the first <br /> floor along Jackson Street and at the corner of Jackson and Main. Above the commercial development will <br /> be 32 units of 1- and 2-bedroom rental housing. The development will also include up to 52 below grade <br /> parking units for housing and commercial residents. <br /> APPENDIX A-1 <br />