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zei52 <br />TAX INCREMENT FINANCING FUNDS ARE CRITICAL TO ANY CITY'S <br />DEVELOPMENT, AND LINO LAKES IS NO EXCEPTION_ THE <br />LEGISLATURE IS NOW EXAMINING WAYS TO LIMIT THIS IMPORTANT <br />FUNDING TOOL I ASSURE YOU, WE PLAN TO DO ALL WE CAN TO <br />MAINTAIN ITS CURRENT STATUS: TO MEET THE GROWING NEEDS OF <br />OUR CITY_ <br />OUR FIRST APPLICATION OF TAX INCREMENT FINANCING FUNDS IS <br />ANTICIPATED AT THE CORNER OF LAKE DRIVE AND MAIN STREET_ <br />CONSTRUCTION OF ROSS'S CORNER SHOPPES IS PROPOSED TO <br />BEGIN LATER THIS YEAR_ THIS COMMERCIAL COMPLEX WILL HOUSE <br />ROSS' LIQUOR STORE, A CONVENIENCE GROCERY STORE, PIZZA <br />PLACE, BEAUTY SALON AND BAIT SHOP_ CONSTRUCTION COSTS <br />ARE PROJECTED AT ROUGHLY $500,000_ <br />IN THE PUBLIC IMPROVEMENT ARENA, I'M PLEASED TO CONVEY <br />THAT THE WEST CENTRAL UTILITY EXTENSION PLANS AND SPECS <br />ARE IN THE WORKS, THUS PROVIDING IMPROVEMENTS TO OUR TWO <br />NEW SUB - DIVISIONS, INDUSTRIAL PARK, CORRECTIONAL FACILITY <br />- AND PROPOSED_SHOPPING CENTER SITE <br />