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EDA will likely participate with the land developers in tax <br /> • increment transactions, etc. <br /> 2. RDF and/or TIF Funds - The Task Force explored the potential <br /> availability of funds from both the former RDF TIF District as <br /> well as TIF Districts No. 1 and No. 3. The Task Force has <br /> concluded that to the extent the RDF funds must be expended in <br /> the western part of the community, it is more prudent to request <br /> that the City utilize these funds in the business park. <br /> Therefore, funds from TIF Districts No. 1 and No. 3 would not <br /> be requested for the business park at this time. <br /> 3. Public/Private Partnerships - Part of the analysis conducted by <br /> the Task Force in December and January included estimating <br /> the infrastructure costs within the property held by Country <br /> Ridge Partnership and Gagne Development Company. Terry <br /> Maurer of MSA Consulting Engineers provided City staff and <br /> the Task Force with these estimated costs - as outlined on a <br /> separate attachment in the agenda packet. Once determined, <br /> these estimates proved helpful in determining the level of <br /> City/EDA assistance in a public/private partnership <br /> arrangement. <br /> • <br /> From the MSA estimates,it is possible to reasonably calculate <br /> the pro-rated share of infrastructure costs attributable to both <br /> Country Ridge and Gagne Development: <br /> Country Ridge $ 868,382.42 (71%) <br /> Gagne Development $ 356,847.15 (29%) <br /> TOTAL $1,225,229.57 <br /> Of the infrastructure costs attributable to Country Ridge, it is estimated that <br /> in excess of$410,000 will be borne by"commercial and/or limited retail uses <br /> Deducting this value from the Country Ridge infrastructure estimates, we <br /> now have the revised calculation: <br /> Country Ridge $ 456,797.40 (56%) <br /> Gagne Development $ 356,847.15 (44%) <br /> TOTAL $ 813,644.55 <br /> One potential public/private partnership model is that of reducing the land <br /> developer's out-of-pocket costs associated with assessments for roads, water <br /> lines, sewer lines, etc. The assessments could be underwritten by, say, the <br /> • $430,000 in the former RDF TIF District. These funds could be used by the <br /> land developer to pay for street costs, etc., - thereby reducing his/her level of <br />