Laserfiche WebLink
July 20, 2012 EDC Meeting <br />Item 5A – Mustang Drive <br />Page 2 of 2 <br /> <br />Discussion <br /> <br />At the April 20, 2012, EDC meeting, the EDC created a priority list for using the EDA’s <br />unobligated Tax Increment Financing (TIF) funds. The EDC’s top priority was business <br />retention and a subcategory of business retention was the improvements to Mustang Drive <br />and Mustang Circle. <br /> <br />Recommendation <br /> <br />Staff recommends that the EDC provide a recommendation to the City Council that it <br />consider using a portion of the EDA’s unobligated TIF fund balance to assist in the cost to <br />reconstruct Mustang Drive and Mustang Circle. <br /> <br />Respectfully Submitted, <br /> <br />Heidi Steinmetz, Economic Development Specialist