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ARDEN HILLS CITY COUNCIL—MAY 28, 2024 2 land at one time. This discussion is still preliminary, and they are working with their partner to fine tune the numbers, we expect to hear back in coming weeks if this option is feasible or not. Councilmember Holden explained she asked staff if the $5 million deficit for TCAAP took into consideration affordable housing and she understood this was the case. She requested staff see what the affordable housing assumptions were. City Administrator Perrault stated he could investigate this further and could report back to the Council. Councilmember Holden questioned if a staff meeting was held for TCAAP and asked what the phases were for this project. City Administrator Perrault reported this has not been spelled out. He explained at this time Phase 1 included the horizontal infrastructure. He stated the next phases have yet to be determined. 3. PUBLIC INQUIRIES/INFORMATIONAL Mark Kelliher, 3712 Chatham Court, stated he understood the Council would be addressing the budget tonight. He explained that on April 8, he expressed strong support for the development of TCAAP/Rice Creek Commons but only if the numbers work to the City's advantage. He indicated he previously presented the Council with a projected budgetary impact of building 1,989 units on TCAAP. He stated this summary was gleaned from the City's consultants and was not his work. He reported later in that meeting (April 8), Councilmember Fabel stated he did not like the numbers that were used. He indicated he did not like the numbers either and this was why he brought them to the Council's attention. However, he stated these were the projections that were used when the slate moved forward with the 1,989 units. He understood the Council directed staff to massage the consultants' original work, but the important point is, the slate did not wait for these revisions. Rather, the slate approved the 1,989 units based solely on the consultants' projections. He reported the consultants' numbers show a half million deficit in some years and this would worsen should the City approve tax increment financing. The point he wanted to make at this meeting was that for anybody who supported the 1,989 units, having the knowledge of the impact this project would have on the City's budget, does not understand their fiduciary duty. He stated Councilmember Monson does not have a professional background to understand the role of fiduciary and Councilmember Rousseau has shown she is without a clue because she is on record telling residents the finances will be worked out over the next 10 years or so. However, Councilmember Fabel was a seasoned attorney and he should well know the role of fiduciary. He called on Councilmember Fabel to awaken the slate from its current ethical slumber. He indicated the Council's focus, when voting on any topic, should always be what is best for the City, not what is best for the County or the developer. He urged the Council to begin acting as fiduciary stewards so the Council does not tank the City in its haste to launch the Rice Creek Commons project just because they fear the results of the upcoming election. He stated he printed out the definition of a fiduciary and would leave this with the City Clerk. Linda Swanson, 1124 Ingerson Road, stated her comments were being made on the heel of Gregg Larson's comments. She understood the slate wanted people to believe they were always caring people, but this wasn't how it is. She stated it was easy to point fingers at others, versus looking at your own faults. She agreed there is disharmony amongst the Council, but pointed out