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. . . ARDEN HILLS REGULAR CITY COUNCIL MEETING MINUTES APRIL 11, 2005 13 Councilmember Holden asked why Council wanted to go with a 26-year TIP District if the development was only going to take 13-15 years, Mr. Inman replied the statues allowed them to go with a 26 year TIP District and they recommend they set it at 26 years in the beginning, but Council could chose to go shorter if they wanted to and then restrict it in the Development Agreement process. Councilmember Holden asked what the cost to the existing residents was going to be, Councilmember Larson stated he would prefer to have other language regarding the cost to existing residents in this Policy because he believed this was creating something that could be impossible and he did not know how they could do this in reality, He stated it made sense that as a Councilmember he would not vote for an increase in levies that would exceed the rate of inflation, He stated he wanted to make sure the Resources Plan developed accomplished this, He noted the City would benefit from what developed at TCAAP, but they might have to wait some time to see that benefit. He stated he was comfortable with the limguage because it was important to others on the Council and as a goal, it was something they should try to accomplish and he would prefer to see the word burden added, but he would support it as it was, Leslie Reindl, 1233 Ingerson Road, commended the Council for all of the work they have done on this. She stated the City was noted among its residents for its fiscal conservatism and its careful spending of tax dollars and the residents appreciated that. She believed most of the residents were unaware of the enormity of this development and it seemed to her that now they were being presented with a large development that was the largest development in Minnesota. She realized this was a superfund site and it was one ofthe last huge undeveloped sites this close to the inner city that was available and it was desirable land. She asked if they had looked at different developers to get other ideas as to what could be done with the land. She stated it was not clear if there would be any risk to the taxpayer now living in Arden Hills, She indicated it was not a definite thing that there would not be a risk to the residents. She noted they were making decisions that would affect all of the residents in the future and she had not heard any plan tonight that there was a guarantee that this would not affect taxpayers. She stated if there was a risk, the residents needed to know there was a risk and they needed to be presented with the benefits, She noted they had not addressed the "non-benefits" of developing this property, such as increase of traffic. She stated they have not let the residents know how many additional residents would be added and what this would mean to the existing residents. She stated she did not understand the recreational opportunities they were discussing and she had not seen any recreational opportunities. MOTION: Councilmember Larson moved and Mayor Aplikowski seconded a motion to adopt Resolution No, 05-28: Resolution Adopting 'TCAAP Public Financing Policy Recommendations" dated April II, 2005. Councilmember Larson stated Council needed to think about what they were doing tonight. Council was not approving TIP financing for TCAAP or a timeline for TCAAP and they were not approving any form of public financing for TCAAP, He stated they were adopting a policy that said if public financing was needed in the future, it would have to meet certain criteria,