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reduction in the potential level of assistance that is needed for the project to proceed and support the <br />extraordinary redevelopment costs of the site. The maximum term of assistance pursuant to the City’s policy is <br />15 years and less than what the applicant has requested. As outlined in the analysis, making adjustments to <br />the financing assumptions for total development costs would assist with increasing the project performance and <br />reduce the level of public assistance to terms that could be supported within the City’s policy criteria relative to <br />the 15-year term of assistance. <br /> <br />Thank you for the opportunity to be of assistance to the City of Elk River. Please contact me at 651.368.2533 <br />or Mikaela.huot@bakertily.com with any questions or comments. <br />