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ARDEN HILLS REGULAR CITY COUNCIL MEETNG—NOVEMBER 14, 2011 5 - the 170 acre parcel will be for private development which will create a diversified tax base for the city - the superfund site will be addressed - the County's offer to purchase the property is within the budget proposed for the project - highlight transportation improvements which will benefit the entire area Mayor Grant also stated that he does not think any realtor would be able to do anything for the foreseeable future with the TCAAP property. The Ryan proposal would have included $56 million in tax increment financing which would have been a loss of revenue for the City. Ryan's mixed use plan would have been very expensive for the City. He stated that he believes the stadium is a reasonable use. Councilmember Werner agreed with Councilmember Holmes' comment regarding improved access to the TCAAP site being a benefit. Councilmember Holden commented that she would not have been able to support the stadium proposal if the County sales tax were moving forward. She added the following observations: - the cost to the City is less with the stadium proposal - it is a better deal for the City than the Ryan Development was - the City would have had to pay for police and fire for the Ryan development - the Ryan development would have required hundreds of millions in grants - the State is willing to be a partner for the road improvements to the stadium site Councilmember Holden asked that the cost savings be included in the resolution and the resolution should state that the remediation will be done. Councilmember Holmes commented that after the Ryan proposal, the City had tried to make a park in a portion of the north end of this site, but the cost was prohibitive. She then referred to a statement by Representative Betty McCollum that the stadium plan is the last, best chance for the TCAAP site to be cleaned up and put into productive use. Councilmember Tamble commented that this is a big decision with lots of uncertainties and one that not very many cities face. We need to eliminate risk to the City as much as possible but in the end the decision is solely made by the GSA and the City is just a part of the process. Mayor Grant directed staff to draft a resolution and place it on the Council's November 281h agenda. At that meeting, if residents wish to address the Council, they may do so within time limits. B. CIP—Surface Water Management Plan Update Public Works Director Terry Maurer explained that according to State law and Rice Creek Watershed District (RCWD) policy the City must update our Surface Water Management Plan within two years of RCWD adopting their update plan. The City's plan must be brought into compliance with RCWD's plan. RCWD adopted its 2010 Watershed Management Plan (WMP)