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Proposed Elk River Retail Project <br />Goal: To develop two separate commercial/ retail buildir.-.gs at the corner of HN -v-, 10 and <br />Joplin Street. <br />Increase retail activit T on western --enol of Elk River. <br />Develop a highly encumbered tax exempt property, into a well desired commercial/ retail <br />development. <br />Approximate $1.25 to $1.5 million taxable value <br />Generate approximately $45,000 to $50,000 per year in property taxes <br />Job creation numbers will be dependent on the future tenants <br />Sell 0.45 Acres of Land to the Cit4T of Elk River= $18,3)45