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7_ Revised Policy incorporating city attorney's modifications K. agreements. In addition, some grants may not be accessible to the City since conditions attached to the same may not meet the community's objectives_ The City will designate a citizen's "watch-dog" Committee to ensure that any public financing is given and administered within the spirit and intent of these policies_ At a minimum, the group should meet on an annual basis and review the City's Tax Increment Report to the Office of the State Auditor. TCAAP Local Public Services Needs A. An extensive City resource plan will be prepared to identify additional public services that will be needed for the TCAAP area. It should be anticipated that the cost of public services, within a period of 14 to 16 years, will exceed any additional general fund revenue that is created by this project until decertification of any TCAAP related tax increment district. The cost of these additional services shall be addressed as part of the City's business terms and the solution(s) to the same shall be addressed through the Master Development Agreement. In no shape or form shall the existing tax payers ofthe community be liable for TCAAP project area general operating expenditures. B. The City recognizes that all attempts will be made to prevent any additional tax burden on the community due to the TCAAP development. However, the TCAAP development should be viewed as containing many beneficial off-setting elements to the community such as assisting the City in providing alternative housing choices, recreational opportunities, reclaiming polluted property, providing an additional identity for the community and serving as another economic catalyst to strengthen existing assets and to encourage additional development/redevelopment within the City. C. Strategies should be developed to ensure that some revenues generated from the TCAAP can be used to assist other needs in the community, primarily in the areas of assisting other redevelopment efforts and recreational needs. In addition, the City shall seek collaborative efforts, e.g_ with the Mounds View School District, in the development of the north primer tracer area (identified as "Potential Athletic Fields" in the City's Framework Vision_) The City will examine their Page 8 of9 . . .