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<br />• Constructs new turn lanes on Hodgson Road including the southbound approach <br />to County Road J. <br />• New public street improvements and consolidation of access points to Hodgson <br />and CRJ to improve circulation, capacity and safety along the corridor. <br />• Construction of nearly a ½ mile of new trail linking residents west of Hodgson <br />Road with the existing trail system to the east. <br />• Relocate and bury existing power lines running along the corridor. <br />• Catalyst for addition roadway improvements by Anoka County and Ramsey <br />County including striping and turn lane improvements on County Road J to <br />increase capacity of roadway. <br />• Extension of public water and sanitary sewer to areas currently without service. <br />Will include main lines to service areas east of Hodgson Road. <br />• Extension of trunk water main through development area shortening remaining <br />looping needs for southwest area. <br />• Creation of approximately 130 FTE jobs with average hourly wages of <br />$22.50/hour. <br />• Provision of variety of senior housing options not previously provided for in the <br />City by a well-established twin city care provider. <br />• The applicant will still be subject to all city fees including building permits, trunk <br />utility and park dedication requirements. <br /> <br />Mikaela Huot, BakerTilly, has provided an updated memo addressing questions regarding <br />reduction of the TIF term as well as a recap of the proposal. <br /> <br />An updated TIF Plan and Contract for Private Development, with resolutions, will be <br />included in the Monday distribution of the regular agenda packet for the July 8, 2019 <br />meeting. <br /> <br />Requested Council Direction <br /> <br />Discussion and comment only. <br /> <br />Attachments <br /> <br />1. BakerTilly Memo, dated July 1, 2019 <br />2. TIF District Map