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The proposed budget modification is as follows: <br /> <br />· Land acquisition $0 <br />· Site improvements 0 <br />· Pubhc improvements (includes local contribution) 550,000 <br />· Interest 130,000 <br />· Administration 68,000 <br /> Total <br /> <br />$748,000 <br /> <br />The purpose for this administrative budget modification is simply to <br />rea]locate costs within the current budget. The cost of public improvements <br />increased substantially due to a new estimation of the cost of completing the <br />controlled railroad crossing on 171st Avenue. The cost of this railroad <br />crossing construction is now estimated at approximately $450 - $550,000. <br /> <br />Attachments <br /> <br />· Resolution 98- <br />· TIF No. 18 Budget Modification <br /> <br />Recommendation <br /> <br />Staff recommends approval of Resolution 98- regarding an administrative <br />budget modification to the Tax Increment Plan for Tax Increment District <br />No. 18. <br /> <br /> <br />