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04-12-2023 Council Packet
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04-12-2023 Council Packet
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8/23/2023 8:25:40 PM
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<br />Contact: <br />Dana Nelson <br />Nitti Rolloff Services Inc. <br />12351 Cloud Drive N.E. <br />Blaine, Mn. 55449 <br /> <br />The $20,945.00 demolition cost for the building qualifies as a TIF 7-1 eligible expenditure. At <br />the end of 2022 the TIF fund balance is anticipated at approximately $1,000 dollars, however the <br />district is expected to bring in approximately $80,000 dollars of TIF increment in 2023, funds <br />that can be used for qualified development expenditures. <br /> <br />STAFF RECOMMENDATION: <br />Motion to approve contract work in the amount of $20,945.00 plus abatement costs for Nitti <br />Companies to provide demolition work for the existing structure located at 2750 Rice Street. <br /> <br /> <br /> <br /> <br />
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