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Local Street ... MOW1t Ridge Road (new) . Arthur Street (new and expanded) ... Lincoln Drive from Lydia to County Road C to Ten-ace Drive. . As an alternative, the CUlTent intersection and ramps may have new signage, lighting, and some geome1ric redesign. Parks and Trail5 The City parks in the area, Langton Lake and Oasis, provide an amenity for attracting redevelopment to the area. They provide both a visual amenity and recreational opportunities which will greatly increase the viability of the area as an asset to the commmtity. Another feature in the eastern half of the study area is County Ditch #4. a drainage way which winds its way from south of COW1ty Road C, north to Oasis Park, and from Oasis into Lake Johanna. The park and trial system in the City will be enhanced b~ colU1ecting the major uses with a bicycle and trail system along the s1reet boulevards around Laniton Lake and along the County Road "C" trail corridor, through the parks, along the ditch and other interior areas which will create a unified recreational system in the Twin Lakes Area. The character and standards governing the development of this park and trail system are outlined in a separate docW11ent, Twin Lakes Design Guidelines. Tax Increment Financing All of the Twin Lakes Redevelopment Area. except the eastern edge, is within Tax Increment Financing (TIF) Districts. The majority of the area is within TIF District 11 which was certified in 1989. Small portions of the area are within TIF Districts 7 and 9. TIF Districts 7 and 9 will be in place until 2012 and TIF District 11 will be in place witi12014, unless the City decertifies the districts early. The City has also created a Hazardous Substance Subdistrict to generate additional funds to assist with clean up of contaminated properties. To date, the City has committed approximately $9.5 million ofWc increment funds to facilitate the clean up of contaminated sites and to facilitate the development of new buildings within the area. Approximately $3.2 million has been utilized for clean up v.ith the remaining $6.3 million has been used for land acquisition assistance demolition, soil cOlTecnon, and other site improvements. It is estimated that the City's investment will be paid back in approximately 12 years from shared project cash flow. tax increments, shared project sale proceeds, subdistrict revenues, and recovery of environmental clean up costs from previous property owners. ; Actual development which has occurred to date includes the construction of a 48,000 square foot office flex building, a 74,500 square foot office flex building, and a 60.000 square foot medical J:\char\wpj lcb\document\2Lwinlake.rep 5