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<br />Memo <br /> <br />Date: December 13, 2004 <br />To: Mayor, City Council & Staff <br />Rom: John W. Meyer Finance Director <br /> <br />Downtown Redevelopment (New Business) <br /> <br />I have met with Paul Burke of the EDC to discuss EDC issues including the <br />EDC's interest in revitalizing the downtown. I have also met with Anoka County <br />officials to discuss the use of CDBG funds related to the redevelopment of the <br />downtown. I am recommending that the city council approve staff to apply for <br />CDBG funds to develop a plan for the revitalization of the downtown. Because <br />the deadline to complete this application is January 9, 2005, I am requesting that <br />over time be allow for any staff involved in the preparation of the application. <br />This cost should be recaptured from any Tax Increment Financing assistance <br />created to support the downtown redevelopment. <br />