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.:. The City is pursuing TIF legislation that will allow the flexibility necessary to assist in the reimbursement of some of the extraordinary costs associated with the site and project. It allows for expenditure of increment within a specific area outside the boundaries of the City for specific costs. This facilitates infrastructure improvements necessary for the Medtronic campus. One or more TIF Districts can be created within the specific area under this special legislation before the end of20l9. Multiple districts may be needed for multiple phases. .:. The City is pursuing reverter clause legislation to remove the public purpose deed restriction on a portion of the Development Area (the former MnDOT property). Medtronic seeks clear title to all parcels in the Development Project Area. As part of the legislative process to remove the deed restriction, a payment by the City to the State of Minnesota has been negotiated. Further, Medtronic agrees to contribute on behalf of the City $1,000,000 to MnDOT to be deposited into the Minnesota Trunk Highway Trust Fund. Medtronlc Projed Area in Mopnd$ View .:. As part of the Development Agreement, the City seeks the removal or relocation of up to six Clear Channel billboards constructed at the golf course. Medtronic has requested the removal of some or all of the signs as part of the redevelopment of the site. The City is in negotiations with Clear Channel regarding removal or relocation of the outdoor signs. .:. Medtronic agrees to pay a Park Dedication Fee of $600,000 to the City to be used for various park improvements. The City would dedicate up to $150,000 of the $600,000 for park improvements on the former Sysco property, the adjoining land retained by the City. Improvements could include a trail, one or two pedestrian bridges and a small paved parking lot. .:. The City is prepared to install all necessary offsite water and sewer line improvements necessary for the Medtronic campus. This would include the extension of watennain, sanitary sewer, and