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<br />. <br /> <br />. <br /> <br />. <br /> <br />Over the past six months or so, the city has approved the preliminary plat for <br />the Trott Brook Farms residential project, the Planning Commission has <br />approved the preliminary plat and CUP for the commercial redevelopment <br />project, the city has rezoned the commercial redevelopment area to PUD, and <br />the industrial plat south of the commercial redevelopment project has been <br />approved. Additionally, public hearings on the extension of trunk sewer and <br />water have been held, bids have been received for the project, and the <br />assessment hearing for the large project has been conducted. Assessments for <br />the large project have been levied in the amount of $6,000 per acre and three <br />property owners have appealed this assessment. <br /> <br />This east Elk River public improvement project is incredibly complex with all <br />of the various funding sources, matching funding requirements, and numerous <br />governmental agencies involved, not to mention the overall cost of the project <br />exceeding $10 million. It is difficult to discuss the project in an orderly <br />manner without having the topic under discussion being interconnected with <br />many of the other components of the project. Staff hopes to adequately review, <br />discuss, and answer council questions on the east Elk River project on Monday <br />evening. We would like to somewhat follow the outline shown on the next <br />page. <br /> <br />For financial information on the project, please see the attached 11/23/98 <br />summary from Lori Johnson. Also attached as background information are <br />the minutes and staff memo from the last worksession on 11/30/98. <br />