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10.1 SR 06-16-2025The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity Request for Action To City Council Item Number 10.1 Meeting Date June 16, 2025 Prepared By Justin Femrite, Public Works Director/Chief Engineer Item Description Trunk Hwy 10 Access Improvements at 165th Avenue Reviewed by Cal Portner Tina Allard Action Requested Continuing discussion relating to costs associated with access changes at the TH 10 and 165th Avenue intersection. Background/Discussion Since the last meeting, staff has further gained clarification that Tax Increment Financing is not a suitable or available tool that can be used to help pay for the improvements. We are in a position where an agreement surrounding cost participation needs to be reached. Financial Impact None Mission/Policy/Goal Meet Changing Needs Attachments None Page 629 of 637