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assessed out; or they can be funded and installed by the private developer (City reviews and approves plans/specs and inspects construction). Operating Expenses are future ongoing expenses for the maintenance of the improvements such as manpower, equipment and supplies required to operate and maintain local streets, parks, and surface water ponds. Other operating expenses include providing municipal services such as public safety services. Tax revenues from the new developments need to be sufficient to fund these expenses. The key to successfully funding the future operating expenses will be the balance in the land use and the amount and type of redevelopment that takes place. Generally speaking, the City pays more for services than what it receives in property taxes in the residential areas. The opposite is true for commercial and business park developments. Most of the immediate City financial issues are related to capital expenditures. In this regard, the City is well positioned to issues public improvement bonds for the projects and assess out the cost to the benefitted property owner. The structure (repayment schedule) of the bonds is the key to having the project be acceptable to all the partners. The above notes and comments are offered to continue the conversation on the TCAAP financial issues. The TCAAP redevelopment project is very complex and discussion on the financial issues will require a series of meetings dedicated to specific topics. Understanding the TCAAP financial issues at the staff level is an ongoing and evolving process. I hope my comments above have not made the TCAAP financial issues more mystifying. Feedback from the Council To assist me in uouncil is coming fromoverall TCAAP redevelopment project, I would appreciate it if the Council can share their thoughts on the following two questions. 1.What is your number one concern with the TCAAP redevelopment project? 2.What is your number one goal for the TCAAP redevelopment project? MCES SAC Credits As time allows, I would like the City Council to discuss establishing a policy on the use of the Met Council SAC credits that have been issues to the TCAAP site. We briefly st discussed this issue on March 31. At that time that are currently underway. Other priorities to consider include: The City share of the water feature; Park development;