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Rice Street Crossings Update <br />Initial Findings <br />O Cities have tools to facilitate <br />redevelopment <br />■ Tax increment financing <br />■ Tax abatement <br />■ Special districts <br />Initial Findings <br />• Initial functional analysis suggests that <br />the plan is feasible <br />■ Capacity to serve with municipal utilities <br />■ Traffic within capacity of street system <br />■ Local funding capacity for key elements <br />■ Positive response from developer perspective <br />April 24, 2002 <br />(c) Hoisington Hoegler Group Inc. 6 <br />