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• 9. TESCOM CORPORATION TIF REIMBURSEMENT <br /> Staff is expecting a request for TIF reimbursement from Tescom <br /> Corporation. This request is related to the TIF Plan for TIF District <br /> No. 9 that was approved by the EDA and the City Council in March <br /> 1993. Pursuant to the development agreement between the EDA and <br /> Tescom, the company would receive $153,000 in TIF assistance. Of <br /> this amount, $100,000 was attributable to the land value, leaving <br /> $53,000 that is attributable to general on site utility extensions and <br /> site preparation costs. This amount will be funded "internally" by the <br /> EDA and recovered along with the land write down costs beginning in <br /> 1995. <br /> ACTION REQUESTED <br /> The EDA is asked to authorize a TIF reimbursement to Tescom <br /> Corporation in the amount of$53,000. <br /> 10. ELK RIVER RETAIL SALES ESTIMATES <br /> A separate memo has been prepared for this topica <br /> • <br /> 11. PROSPECT R PECT STATUS REPORT <br /> The prospect status report has been sent under separate cover. <br />