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r] <br />IT R • N D U M <br />in terms of a 25 Runit per acre developmento the development works <br />extremely well. In that a straight tax increment paYOut Would <br />accomplish the project in 4-41 years#, whereas the CDBG Potential <br />would facilitate a payout in 2e79 years, <br />I also ran a t,olwnhouse development, with only Pacre of Park Which <br />worked. on, a 1,2*5 and 8,7 payout, <br />Albeit a number of these deals appear doable from the <br />context there are I a techn.1*cal <br />I substantial policY Issues that the city <br />council must consider. In ordier to facilitate a housing <br />fevelopment on, this SIL <br />ate and, formulate a solution that may be <br />P-1greeable to all r)arties- t-!F A t-q- rN V r* 4 1 -Tr -a - - -- --n - - - <br />0i <br />It is my opinion that before any negot-at- <br />.1 ions Could proceed with <br />the developiers,, these critical, <br />IcY issues must be revl'ewed,, I <br />have developed a number of opt" a <br />lon,s for Council review* <br />