Rochester, MN (KROC AM News) -  Work could begin soon on a renovation project involving one of downtown Rochester’s oldest commercial buildings.  

The Rochester City Council is scheduled to vote Monday on a recommendation to approve a development assistance agreement with the owners of the Conley-Maass building, located on 4th St SW between Broadway and 1st Ave.

The agreement would provide the owners with $400,000 in tax increment financing assistance.

The estimated cost of the project has been placed at $2.75 million. The owners - Hunter and Traci Downs -  are also seeking $475,000 through a historic rehabilitation tax credit, which would be a first for an Olmsted County property.

Some small firms are expected to become tenants of the building, along with a restaurant.

The owners hope most of the construction work can be completed by late May or early June.