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ARDEN HILLS CITY COUNCIL—February 14, 2011 9 <br /> 7.B. Approve Resolution 2011-008 in Support of Arden Village HOME/CDBG Application <br /> (continued) <br /> Councilmember Holden agreed the City has made a commitment up to $225,000 in TIF funding <br /> but not an increased amount even if the TIF run supported more. She asked how much funding the developer had invested in the project. <br /> Mr. Thelen stated the owner and developer have equity, related to the tax credits, into the <br /> development in the amount of$5.6 million of$10 million total project cost and this amount is not <br /> reimbursed back to the owner or developer. <br /> MOTION: Councilmember Holden moved and Councilmember Holmes seconded a <br /> motion to Approve Resolution 42011-008 in Support of Arden Villa e <br /> HOME/CDBG Application. <br /> Mayor Grant stated the record should reflect the Council referenced the previous memo of June <br /> 14, 2010, which indicated up to $225,000 in TIF funding as part of the discussion on approving <br /> the request to support the grant application to Ramsey County. <br /> The motion to approve Resolution 42011-008 was called to a vote. <br /> The motion carried(3-1: Councilmember Holden) <br /> City Administrator Klaers stated the TIF commitment is not good forever. He stated FPAC is <br /> aware of this issue. The length of time may be a matter of legal issue and should be discussed. <br /> City Attorney Filla stated the approvals that were granted in March 2010 might be close to <br /> expiring. He asked if the City has received extension requests for this project. <br /> Mr. Thelen stated the county just finalized review of the final plat so SCI should be able to <br /> complete the filing next week. The PUD approval expires in the spring and he would check the <br /> exact date. SCI would be coming back to the City with a request for extension on the building <br /> permits. <br /> 8. UNFINISHED BUSINESS <br /> A. Senator Goodwin Meeting Update <br /> Councilmember Holmes stated on February 9 there had been a meeting facilitated by Senator <br /> Goodwin. Representative Knuth, 2 representatives from Ramsey County, 5 representatives from <br /> MnDOT, City Administrator Klaers, Public Works Director Maurer, Councilmember Holden and <br /> Chris Chromey from Bolton & Menk were in attendance. The timing for the I-694 improvements <br /> at Snelling Avenue had been discussed. The improvements are scheduled to start in August 2011 <br /> and be completed by August 2013 and 1-694 will not close during the improvements at Snelling <br /> Avenue. Additionally, the Highway 10 and County Road 96 project will be starting in 2012. The <br /> State has indicated agreement that due to the 1-694 and Snelling project, there will be additional <br />