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. . . ARDEN HILLS REGULAR CITY COUNCIL MEETING MINUTES APRIL II, 2005 11 development ofTCAAP would paid for by itself, but the maintenance costs would be shared by both TCAAP and the current taxpayers as a part of the City as a whole. Councilmember Holden stated current citizens would be responsible for emergency services. Mayor Aplikowski noted the cost of maintenance would be shared by all residents within the City. Mr. Clark stated they were talking about two different things, public financing and local resources. With respect to public financing, he believed the majority of discussions constructing the majority ofthe public financing to not affect the existing taxpayer. With respect to general obligation bonds for specific infrastructure improvements this would carry a minimum risk because the bonds carried a senior obligation to any mortgage, The second level of discussion was local resources, He stated the struggle was that they did not have the strategy before them and how did they as a City match up what was a potential shortfall. He stated that was what they would need to resolve in the next few months and this would become a part of the local resources plan, If there was a small amount of taxes to be paid there had to be an understanding that the TCAAP area was not 100 percent segregated from the City because there would be tangible and intangible benefits to the rest of the City. Council member Holden ask.:d for an explanation on Page 8 of9, 7A. She indicated in her opinion this was a meaningless sentence and asked why this was in there, Mr. Clark stated this statement was important to the EDC, Mr. Filla stated whether people agreed with this or not, it was a clear statement and as they need to look at the Master Development Agreement, this documents was only a guiding principal, and unless they changed the wording, the direction was that they shall not put the burden ofthis project on existing taxpayers and they needed to figure out how to word the Master Development Agreement to reflect this as well as the Resource Plan, Councilmember Grant stated while this was the EDC recommendation, once this was adopted, it would be City policy, Ms. Wolfe stated it was important that with a statement this strong, that would assume that services would stay at the same level. She indicated they had to keep in mind that if they wanted an increase in services, changes in their desire for levels of services may impact the cost of those services citywide, Councilmember Holden stated this sentence was also on Page I of9 and this theme was reflected throughout the entire document. Stacie Kvilvang, Ehlers & Associates, stated with the City bond issue, there were other bonds that could be used also. Dennis Probst, Former Mayor, 3395 Lake Johanna Boulevard, stated he was probably the first person to suggest that this development not cost the other residents in the City any money and he still stood by that proposal, but cautioned the Council not to segregate the TCAAP area from the rest of the City, He stated with the growth of residential areas, this would create some