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City of Lino Lakes <br />Goals, Objectives, Management Action Plan: 2008-2009 <br />1 Goal: Complete Town Center <br />a. Specific Performance Objectives to be completed during 2008 <br />(1) Objective: Complete a Comprehensive Risk Assessment and <br />Definition of Potential Options available to the City for dealing with <br />emerging issues and conditions affecting the project (Second <br />Quarter 2008) <br />a. Key Action Steps: <br />i. Review development and revenue schedules reflective <br />of current market assumptions <br />ii. Identify interim financing needs/options and sources, <br />and risk capacity tolerance <br />iii. Council consensus on follow-up actions <br />b. Lead Parties: Community Development Staff <br />Finance Department Staff <br />Key Contributors: Springsted Inc. <br />Kennedy & Graven <br />c. Funding Source: General Fund — CD Budget <br />(2) Objective: Determine council's options and provide specific <br />guidelines to city staff on the direction council wishes to pursue in <br />terms of following events, managing the City's investment in Town <br />Center, and handling potential requests for changes to the City's <br />vision and approved plans for this project (Second Quarter 2008) <br />a. Key Action Steps: <br />i. Determine whether to make any changes to existing <br />plans and development strategies for the Town Center <br />ii. Staff will keep Council informed of all potential <br />development opportunities and work with <br />development interests consistent with the Council's <br />vision and direction for the Town Center <br />iii. Staff will monitor and report on regional mixed-use <br />market trends affecting the Town Center development <br />b. Lead Parties: Community Development Staff <br />Finance Department Staff <br />1 <br />