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• EDA) or the Housing and Redevelopment Authority for the City <br /> of Elk River (the HRA) to acquire certain property located <br /> throughout the Development District. The acquisition of <br /> property in support of private development activity will be done <br /> in conjunction with other public development activities more <br /> thoroughly outlined in 3.b. of this Modification. <br /> 3.) Development Activities - <br /> a.) Private Development Activity - Development activity <br /> within Development District No. 1 includes, but is not <br /> limited to those activities within the residential, central <br /> commercial, office, highway commercial, and business <br /> park and industrial park districts that will help achieve <br /> the goals and objectives of the Development Program for <br /> the Development District. <br /> b.) Public Development Activity - To support the private <br /> development activity, the City Council has determined <br /> that it is necessary and appropriate to provide assistance <br /> through the use of tax increment expenditures authorized <br /> • by the TIF Plan and Minnesota Statutes. Such assistance <br /> includes, but is not limited to, infrastructure <br /> improvements, including off-site and on-site <br /> infrastructure extensions, acquisition of blighted <br /> property, rehabilitation of buildings, demolition of <br /> blighted property, site development and site preparation <br /> costs, Mississippi Riverfront trail development in the <br /> central commercial district, and business park and <br /> industrial park initiatives such as infrastructure <br /> improvements, site development and site preparation <br /> costs, and land acquisition in support of private <br /> development activity. <br /> The locations of these development activities are indicated on <br /> maps attached as Exhibit B-1 through B-5 of this Modification. <br /> 4.) Financial Analysis of the TIF District - <br /> Cost of the Public Development Activities to be Financed: <br /> Business Park and Industrial Park Activities <br /> 40 - Including, but not limited to, off-site and <br /> on-site infrastructure extensions, site <br />