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The public funds would be repaid as land sale occur <br /> presumably on a per acre basis. As these funds are repaid, they <br /> can be used for subsequent phases of the business park. A <br /> nominal interest charge can help this pool of funds grow. <br /> Summary <br /> The Business Park Task Force will present three recommendations to <br /> the EDA at its meeting on February 13, 1995: a.) public acquisition of <br /> raw, unimproved business park sites is a low priority; b.) developing a <br /> public/private partnership which helps underwrite a portion of the <br /> assessment costs is a workable model that is worthy of further <br /> expiration. This illustration suggests that all public funds are repaid, <br /> with interest, as improved lots are sold to end users; c.) with respect to <br /> the availability of public funds, the RDF funds totaling approximately <br /> $430,000, should be utilized to help underwrite infrastructure costs. <br /> Funds from TIF District No. 1 and No. 3 would not be utilized in this <br /> illustration. <br /> s:eda\agmem130 <br />