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The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community <br />engagement that encourages and inspires prosperity <br /> <br />Request for Action <br /> <br />To <br />City Council <br />Item Number <br />10.1 <br /> <br />Meeting Date <br />June 16, 2025 <br />Prepared By <br />Justin Femrite, Public Works Director/Chief Engineer <br /> <br />Item Description <br />Trunk Hwy 10 Access Improvements at 165th <br />Avenue <br />Reviewed by <br />Cal Portner <br />Tina Allard <br /> <br />Action Requested <br />Continuing discussion relating to costs associated with access changes at the TH 10 and 165th Avenue <br />intersection. <br /> <br /> <br />Background/Discussion <br />Since the last meeting, staff has further gained clarification that Tax Increment Financing is not a suitable or <br />available tool that can be used to help pay for the improvements. <br /> <br />We are in a position where an agreement surrounding cost participation needs to be reached. <br /> <br />Financial Impact <br />None <br /> <br />Mission/Policy/Goal <br />Meet Changing Needs <br /> <br />Attachments <br />None <br /> <br /> <br />Page 629 of 637