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Demonstration Account(LCDA)and Tax Base Revitalization(asbestos cleanup). The City has been <br /> advised that they have passed the first review hurdle at the Metroplitan Council. The next step will <br /> be preliminary interviews conducted later this month. Final selection is not expected until mid- <br /> November. Competition for these funds is very strong and at this time it is clear that the project <br /> financing gap will not be closed by Met Council funds alone. Pratt-Ordway has also initiated <br /> discussions for funding through the American Communities Fund,a program designed to assist <br /> create new housing in redevelopment areas. Additionally Metropolitan Council has announced a new <br /> grant program for funding housing tied to transit. Pratt-Ordway and the City will be reviewing that <br /> funding option. <br /> Tag Increment Financing <br /> Given the likelihood that tax increment financing(TIF)assistance will be requested by the developer, <br /> Ehlers recommends that St.Anthony initiate an assessment to determine if the site would qualify as a <br /> "Redevelopment"district as permitted by State Law. The first step in that process is an inspection of <br /> properties that may be included within the district. Jerry Gilligan and I met with Tom Goiden <br /> recently. Mr. Goiden had conducted the prior inspection on the Apache Mall property. The purpose <br /> of the meeting was to evaluate if the inspections previously completed would be useable in <br /> establishing a new district. After evaluation it was determined that a new evaluation will be required. <br /> Project Design/Land Use Approvals <br /> DSU will be coordinating development of design standards to assure the consistency with community <br /> standards developed during the planning stages. Land use reviews will be coordinated with the <br /> Planning Commission in the same manner as other development reviews. <br /> Project Components <br /> Mayor Randy Hodson, Councilmember Jerry Faust,Manager Mike Mornson, Assistant City Manager <br /> Sue Hall and others met with representatives from the University of Minnesota State and Local <br /> Policy Center to review the potential for funding of innovative communications and technology <br /> programs to enhance the development of Apache. The Center indicated strong interest and will be <br /> following up with the City. <br /> St.Anthony Redevelopment Update-Ehlers&Associates <br />