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Total Development Costwith City Contribution$46,460,235* 100% <br />*Denotes rough estimates as of April20, 2017. <br />54 <br />SR <br />TAFF ECOMMENDATION <br />55 <br />Staff recommends the REDA consider adoption of the attached resolution indicatingfinancial <br />56 <br />support for the creation and administration of a TIF district and commitment of CDBG Funds in <br />57 <br />connection with the development of the proposed multifamily rental housing development. <br />58 <br />RCA <br />EQUESTED OUNCIL CTION <br />59 <br />Motion to Adopt Resolution supporting the creation of a TIF district and dedicating Roseville CDBG <br />60 <br />funds for the development of the proposed multi-family lifestyle community located near the <br />61 <br />Southeast corner of County Road D and Highway 8. <br />62 <br />Prepared by:Jeanne Kelsey, 651-792-7086, Housing and Economic Development Program Manager <br />Attachments:A:Development concept plans <br />B: Adopted Resolution supporting HOME funds from Ramsey County <br />C:Adopted Resolution applying for LCDA funds <br />D: Public comments <br />E:Resolution financial support of TIF and CDBG <br />F: Applications and timeline for funding <br />G:Application and checklist for Public Financing and Business Subsidy Policy <br />Page 3of 3 <br /> <br />