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Project Funding Metropolitan Council continues to be very supportive of the redevelopment effort. The City is seeking funds from at least two different Metropolitan Council sources,the Livable Communities Demonstration Account(LCDA) and Tax Base Revitalization(asbestos cleanup). Competition for these funds is very strong and at this time it is clear that the project financing gap will not be closed by Met Council funds alone. Tax Increment Financing Given the likelihood that tax increment financing(TIF)assistance will be requested by the developer, Ehlers recommends that St.Anthony initiate an assessment to determine if the site would qualify as a "Redevelopment"district as permitted by State Law. The first step in that process is an inspection of properties that may be included within the district. An inspection was conducted as part of the Hillcrest proposal. Jerry Gilligan and Ehlers will review the previous inspection reports to determine if this inspection can be updated and used for.the Pratt-Ordway development. Tom Goidon prepared the last Tax Increment Qualification report. Tom Goidon will be meeting with Jim Prosser and Jerry Gilligan to initiate planning to update the report. Project Design/Land Use Approvals DSU will be coordinating development of design standards to assure the consistency with community standards developed during the planning stages. Land use reviews will be coordinated with the Planning Commission in the same manner as other development reviews. Project Components Pratt-Ordway is researching several value added project components including high tech communication access, energy conservation designs and transit-orientated design. Project members have prepared a transportation and communications component that would enhance the site for development purposes. The City will seek a partner to assist in concept development and funding. A University of Minnesota team is currently preparing a funding request similar to the concept prepared by the City. Lisa Raduenz,a project team member will be meeting with the University to gather information about a partnership. The City has scheduled a meeting with Congressman Martin Sabo to discuss the transportation component. Energy Conservation Components BKV Architects has held several meetings with Xcel Energy to develop energy saving initiatives for the building and site design. Housing Issues The Project Team continues to carefully monitor concerns about housing density. It appears some concerns relate to the type of housing, rental housing management;traffic,building design and impact on city services. These issues(and others to be identified)will be the subject of analysis prior to final project approval. St.Anthony Redevelopment Update—Ehlers&Associates