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Riverfront Update Presentation 10-28-19
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Riverfront Update Presentation 10-28-19
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10/29/2019 1:27:57 PM
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10/29/2019 1:27:40 PM
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City_Council
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Supplemental Meeting Materials
City_Council_Meeting_Type
Work Session
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10/28/2019
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10/28/2019
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BACK -UP PLAN: A PATH FORWARD <br />Phase 1: <br />•No LID <br />•Increased Agency Cost & Delayed Revenue <br />•Delay Plaza <br />•Pause River Loans <br />•Delay Steam Plant Estimated Net Surplus $0.8M <br />Phase 2: <br />Future sale & redevelopment of property served by infrastructure: est. revenue <br />$7.4M. Then proceed with: <br />•Plaza initial investment <br />•Support for Steam Plant <br />•Replenish River Loans <br />Phase 3: <br />Completion of infrastructure and sale & redevelopment of remaining lots <br />7
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