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If approved, residents will not see an increase in taxes or utility rates as a result of the upgrades.
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The 27-lot park is expected to bring 1300 jobs to the area.
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Council prepared two ordinances to consider, one that banned recreational sales and one that allowed recreational sales with restrictions.
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The changes will go into effect in February's bill.
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City Council heard the proposal at its Nov. 25 meeting.
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Democrats are poised to gain a supermajority in the Delaware General Assembly following this election, and a Milford-area seat could be the deciding factor.
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Mark Whitfield has been the city manager for nearly five years and was Milford's public works director previously.
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The project builds off of the original three-story structure.
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Village Primary Care began accepting patients in July.
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The city presented three concepts for the park at an open house.