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approval by the Planning Commission and City Council. The site plan and TIF Assistance process will run <br /> concurrently. <br /> Alternatives: <br /> 1) EDA Recommendation to the City Council to approve the First Amendment to Purchase Agreement, Business <br /> Assistance and a TIF Agreement in the form of$434,511 in TIF Land Cost Write Down and$550,000 in Pay-Go <br /> TIF for Site Development/Improvements (as presented); subject to City Attorney Review(Staff recommendation). <br /> 2) EDA Recommendation to the City Council to approve the First Amendment to Purchase Agreement, <br /> Business Assistance and a TIF Agreement in the form of$434,511 in TIF Land Cost Write Down and <br /> $550,000 in Pay-Go TIF for Site Development/Improvements (with changes); subject to City Attorney <br /> Review <br /> 3) Something else. <br /> Funding Source: <br /> This case is being handled as part of normal Staff duties. If financial assistance is provided, TIF District 14 will <br /> be the funding source and an interfund loan will need to be established. <br /> Recommendation: <br /> Staff recommends an EDA Recommendation to the City Council to approve the First Amendment to <br /> Purchase Agreement, Business Assistance and a TIF Agreement in the form of$434,511 in TIF Land <br /> Cost Write Down and $550,000 if Pay-Go TIF for Site Development/Improvements (as presented); <br /> subject to City Attorney Review. <br /> Action: <br /> Motion to recommend to the City Council to approve the First Amendment to Purchase Agreement, <br /> Business Assistance and a TIF Agreement in the form of$434,511 in TIF Land Cost Write Down and <br /> $550,000 if Pay-Go TIF for Site Development/Improvements (as presented); subject to City Attorney <br /> Review. <br /> r <br /> Attachments <br /> Site Location Map <br /> Business Assistance Application <br /> Ehlers Analysis Memo <br /> TIF Run -40%Admin <br /> ACTION-First Amendment to PA <br /> REFERENCE-Executed Purchase Agreement Schiebout <br /> Form Review <br /> Inbox Reviewed By Date <br /> Sean Sullivan(Originator) Sean Sullivan 01/05/2023 05:14 PM <br /> Brian Hagen Sean Sullivan 01/06/2023 11:42 AM <br /> Sean Sullivan(Originator) Sean Sullivan 01/06/2023 12:07 PM <br /> Brian Hagen Brian Hagen 01/06/2023 02:06 PM <br /> Form Started By:Sean Sullivan Started On:01/03/2023 09:06 AM <br /> Final Approval Date:01/06/2023 <br />