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Financial Impact <br /> Proceeds of EDA lot sale TBD. Total Project Cost $1.3 Million generating an estimated $21,520.59 in <br /> annual property taxes likely to begin 2027.Additional park dedication and other related project fees TBD. <br /> Recommendation <br /> Staff recommends the EDA review and discuss Mr. Music's housing development proposal to determine <br /> if this is a good fit for the site and provide feedback as to whether this project should be allowed to proceed. <br /> If the EDA determines that the project should continue, then the EDA can dismiss Mr. Music then enter <br /> into the closed portion of the EDA meeting to discuss the offer for the EDA owned property. <br /> Respectfully submitted, <br /> 1 <br /> &414�1- <br /> Brian Beeman, Assistant City Administrator <br /> Attachment(s): <br /> 1.2716 Hillview Rd Housing Concept Plan <br /> 2.Example Housing: 4131 James SMC Built <br /> 3.Example Housing: 5278 Oregon SMC Built <br /> 4.Example Housing: 7980 Woodlawn SMC Built <br />