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Old Mill Estates <br />Several building permits have been issued and home construction is in full swing. There <br />are three builders active on the site. Sidewalk and trail construction will be completed in <br />the spring to avoid problems with late season construction and damage from builders. <br />Retaining walls have been completed. <br />The developer has expressed interest in seeking approval of Phase II this winter in order <br />to begin construction in the spring. <br />Bay View Villas (Waterworks Site) <br />Below is the most recent map of homes sold. Work on shoreline restoration (rip rap <br />placement) may take place during the winter. Several building permits have now been <br />issued and a few basements have been excavated. <br /> <br />Block 7 Property <br />At the last City Council meeting, the council approved moving forward with the drafting <br />of a formal Housing Tax Increment Financing (TIF) District Agreement for the proposed <br />Block 7 apartment project. At that meeting the Council expressed concern over the term <br />of the district (current proposal is for $1.35 Million (Present Value) of assistance over a <br />20-year district lifespan). City staff has conferred with Trident and Northland Securities <br />and have worked out a revised plan that could shorten the term of the district to 16 years. <br /> <br />