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. . . ARDEN HILLS REGULAR CITY COUNCIL MEETING MINUTES APRIL 11,2005 14 which criteria would minimized the risk to the City of Arden Hills and he would support adoption ofthis policy. Councilmember Grant asked if this EDC recommendation would become a City policy. He indicated it would and this would guide the financing of the development and it would form the basis for negotiations with the developer to construct the business terms for this development, which would form the foundation of those discussions. He stated this was a major policy and probably one of the more important policies the City has or might ever adopt. He stated the alternative was that the City could elect to not do the project, in which case the GSA would put the project up for public auction and it would be difficult to say who would buy it and the City would need to control the development through the Codes and the City would be unable to design what they wanted on this development. He stated ultimately, they ended up with a community based plan. He indicated at this point he did not want to tie the negotiating team with the developer, so he would not object to the bonding language. He asked if this document would be used for the smaller TIF districts used for the next 26 years. Ms. Kvilvang replied they were looking at the development in full and they intended on working with the Council to get these things resolved. Councilmember Holden stated they had already identified that there was a public financing need and by passing this they were approving public financing, even though they were not specifically approving the public financing tonight. She expressed concern of the real interest to the current taxpayers of Arden Hills. Mayor Aplikowski stated she would vote for this as written, but she would have preferred to have addressed the operational costs and this was an important next step to get tbem to where they needed to go. The motion carried unanimously (4-0). B. TCAAP VERBAL UPDATE Mr. Clark updated the Council on recent TCAAP developments and upcoming events. Councilmember Holden asked if there was any update on the wildlife corridor and the sports field. Mr. Clark replied they had discussed the sports field today and this was a slow process, but it was progressing. With respect to the wildlife corridor, no discussions had taken place yet. Mayor Aplikowski stated she had received a suggestion that they incorporate the word "Prairie" into the description of this property. She asked all residents to make any suggestions for this area.