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r <br /> <br />Falcon Heights -Falcon Heights Town Centre <br />crease in net tax ca aci $194,523 <br />cres cleaned 4.9 <br />ew 'obs 10 <br />vera a hourl wa a $11.20 <br />rivate redevelo meat levera a $23,840,500 <br />undin re uest - TBItA $315,423 <br />undin re uest -DEED $0 <br />ecommended fundin - TBRA $74,773 <br />ecommended fundin -DEED $p <br />The city of Falcon Heights seeks TBRA funding. for asbestos abatement and lead <br />remediation at the southeast corner of Larpenteur and Snelling Avenues. <br />The proposed mixed use development will create 12,000 square feet of retaiUcommercial <br />space, S6 senior rental units, .119 new multifamily rental units of which 40% is affordable <br />to families at or below 50% azea median income. <br />Buildings containing asbestos, lead and other hazazdous materials needed to be <br />demolished for the redevelopment to occur. The request is to abate the contaminants. <br />This award amount is significantly less than the request based on rank and availability of <br />TBR.A funds. <br />TBRA funds will be used for asbestos abatement and lead paint removal. Total <br />environmental costs are estimated to be $315,423, which is about 1 % of the total <br />redevelopment costs. <br />r~ <br />U <br />A-1 <br />C~ <br />