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This is a tax increment financing (TIF) project under the instant equity program the City has been <br />operating. The City expenses towards the project are recovered within the time frame of the TIF <br />district. <br /> <br />Recommendation: <br /> <br /> The Planning Commission and City Staff recommend site plan approval contingent upon <br /> compliance with the covenants for the A.E.C. Energy Park. <br /> <br /> Council Action: <br /> <br /> Motion to: <br /> Approve/deny the proposed site plan and development permit for Dakota Development <br /> contingent upon compliance with the A.E.C. Energy Park covenants and the City Staff <br /> Review Letter dated May 29, 1997. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />City Engineer <br />City Attorney <br /> <br />CC: 06/10/97 <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />! <br />I <br />I <br />I <br />I <br />I <br />! <br /> <br /> <br />