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<br />. <br /> <br />. <br /> <br />.' <br /> <br />Concurrence from the City Council is sought regarding the <br />availability of TIF funds from Districts No. 1 and No. 3 to <br />fund the costs outlined above. This action is requested <br />subject to: <br /> <br />- The filing of a TIF application by Perf-form <br />- Payment of the TIF application fee <br />- Execution of a development agreement <br />- TIF paYments made only after a Certificate of Occupancy is <br />issued <br /> <br />RECOMMENDATION <br /> <br />I recommend that the Elk River City Council concur with the EDA <br />to draw down TIF funds from Districts No. 1 and No. 3 to assist <br />this project. I further recommend that TIF assistance be <br />limited to off site utility extensions (i.e. construction of <br />frontage road), on site utility extensions, and site <br />preparation costs not exceeding $22,500. <br />