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compete as of this date, are outlined in the summary term sheet, and will become the <br />basis, if approved, of the redevelopment contract for the Twin Lakes Phase I <br />proj ect. <br />1.8 Council will also be provided with a schedule relating to the establishment of new <br />Tax Increment Districts which, due to notice requirements, is a specific process that <br />takes several months. <br />2.0 Suggested Council Actions at the Study Meeting of April 18,2005: <br />2.1 The Council should review the items outlined in the draft term sheet in consultation with <br />Jim Casserly of Krass Monroe and Rottlund Homes and provide direction for preparation <br />of a decision on adoption of the terms on Apri125, 2005. <br />2.2 The Council, with the proposed Tax Increment District schedule,(if approved), will have <br />to set a public hearing date for late June 20, 2005 at the April 25, 2005 Council meeting. <br />Report Prepared by: Dennis Welsch, Community Development Director (651-792-7071 } <br />Cathy Bennett, Economic Development Specialist (651-792-7072} <br />�� ou�mU[�YI Jtih � �'h{..i i11ML} ��JNI7tILi�' V5 VNINLi F12���37ilFd!�Y�33��5 HnulunJ � I ww ].�lo-� P�p.se ]'�un��ef1R{',�-�ai4i- <br />Ra.iI�nAKnnph#ijiWIAf1S;�dac— — - — — — <br />