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Depa <br />REQUEST FOR COUNCIL ACTION <br />DATE: 7-24-89 <br />ITEM NO.: ,3 <br />t App oval: Manager Reviewed: Agenda Section: <br />PReports and Recommendations1� <br />Authorization to enter <br />Item Descrip ion: <br />agreement with Ros ille <br />ev <br />Post office Development. <br />into a development <br />Properties regarding <br />significant costs <br />post Office plan is approved as modified ► ren was working to <br />if the the developer. While Mr. Dahlg a <br />will be accrued by submission, staff was formulating <br />roved planning land use <br />pursue an imp such a proposal if an appropriate <br />means of financing <br />solution could be developed. <br />the revised Post Office submission aeppropria ee <br />An option for funding If the Council would d the <br />use of tax increment. to to Roseville Properties <br />(The attached to tsheet <br />$175,000 would be p <br />pro osal. <br />for the $175pro figure. It should be noted <br />increased costs ° ale he modified P p the increased costs <br />depicts the y isn only paying a percentage of <br />that the City ul 20th memo to the manager is also attached <br />that will accrue. A in more detail). <br />which discusses the project staff would have to be <br />rove this proposal►reement with Roseville <br />If the Council should app development agreement <br />authorized to formulate the City Council with an amendment to the <br />Properties and return <br />tax increment district. authorization to <br />rove/deny agreement with <br />COUNCIL ACTION REQUESTED: entern into approve/deny <br />development subject to post <br />Roseville Properties gorward. <br />Office development moving <br />