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Elk RAver <br /> <br />Municipal Utilities <br /> <br />13069 Orono Parkway <br />Elk River, MN 55330 <br /> <br />Item ~ 2.3. <br /> <br />phone: 763.441.2020 <br />Fax:763.441.8099 <br /> <br />August 16, 2004 <br /> <br />To: <br /> <br />Elk River City Council <br />Elk River Municipal Utilities Commission <br /> <br />From: Bryan Adams <br /> <br />Subject: <br /> <br />Downtown Revitalization Project <br /> <br />The Downtown Revitalization Project continues to move along with Metro Plains <br />Development as the developer. This entails redeveloping the Bluff Block and Jackson <br />Block of our downtown area. One area of significant upfront cost is the WAC and SAC <br />fee of $1500 and $2000 per unit respectively. Pat Klaers has asked if the Elk River <br />Municipal Utilities would forgo the upfront WAC fee payment and be agreeable to <br />collect this fee over time through the TIF reimbursement. <br /> <br />In an effort to support this project, this appears to be a reasonable strategy as long as the <br />SAC fees are treated in the same fashion and this is not viewed as setting precedence for <br />future developments. <br /> <br /> <br />