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ARDEN HILLS REGULAR CITY COUNCIL MEETING MINUTES FEBRUARY 28, 2005 6 . he wanted to move fOIWard with this, he wanted to make sure the residents were well informed. He stated their Council packet indicated that they needed to make a decision on this tonight, but he believed it would be better to get more information out to the public on TCAAP and make a decision in a couple of weeks. He stated he shared some of the earlier comments about wanting to endorse this, but suggested they put this off to the next Council meeting in the effort to get more information out to the residents. Councilmember Holden stated she liked the plan, but she was not ready to vote for it at this time because she did not know the amount of public financing or the impact of the financing for the City. She noted when TIF funds were used, there was a cost to the residents and she wanted to know those costs. She stated she had not been able to separate the vision from the financing. She noted the Resolution did not address the public funding. She stated there would be costs to the City such as additional fire stations, water towers, etc. and she wanted to know what those costs were going to be. She stated she could not support this right now until she got a better idea of the public financing. She requested they talk through this more and have another work session to discuss financing. Mayor Aplikowski noted until the framework was adopted, the numbers could not be fUll. Collin Barr, V.P. Ryan Companies, stated the planning process the City had gone through was very extensive and this was one of the larger projects he had been involved with in his 19 year . career. He stated the planning process was all-inclusive. He noted this was a place to start the more formal planning process. He stated it was important that everyone work together as a team and a schedule needed to be defined. He indicated it was very important the Council had unanimous support for this to focus on the vision. He stated if a week or two would help solidify that support, it was important. However, over the next few months a lot of things would need to come together. He noted there were a number of unresolved issues with the plan, hut it was important to start moving fOIWard with this plan. He stated with respect to public financing, this development would not be feasible without some kind of public financing. John Benson asked why Centex dropped out. Mr. Barr replied Centex felt they could get a higher and quicker return on investment with other development opportunities in the Twin Cities Area. Mr. Benson noted Centex said there was a lot of risk. He asked why this development required such a large amount of TIF funding. Mayor Aplikowski pointed out that they did not have the figures for TIF funding. Mr. Benson stated he had written letter to the Mayor asking how much this would cost him as a resident and he had not received any answers. He agreed with Councilmember Holden that these issues needed to be addressed. Councilmember Larson asked if he had the opportunity to read the Economic Development . Commission's plan. If not, he suggested he read that document. Mr. Benson replied he had not read it, but he had written letters to the Council.