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ARDEN HILLS CITY COUNCIL WORK SESSION - NOVEMBER 10. 2008 2 Ms. KviIvang indicated this may be useful to the County, school district and legislature to see that the City is not trying to capture 100% the dollars available from the taxing jurisdiction. The goal would be to have the base taxes go back to the other taxing areas. CounciImember McClung questioned if this could be accomplished any other way than through legislation. Ms. KviIvang stated this is one thing that does not have to be included but thought it would be something the city would be interested in. Steve Bubul, Kennedy Graven indicated this would be a political selling point if the Council wanted to proceed. He noted TCAAP was an environmental site and could qualify for a hazardous substance Subdistrict. Mayor Harpstead indicated this may be a good negotiating tool to be offered over time. He stated it may be appropriate to have a resolution of Council that states these wishes. CounciImember McClung agreed with the Mayor's suggestion stating this may be more useful than bogging down the legislation with overly complicated elements. CounciImember Holden questioned if a percentage of the taxes could be used for anything besides remediation. Ms. KviIvang explained with a Hazardous Substance Subdistrict, the City would be allowed to pay for the costs associated with the mitigation and clean up of the site. She noted that once the clean-up costs are paid for, then the Subdistrict would end. Ms. KviIvang indicated the district could be extended by five years to assist the Council with future financing. She explained this would be a decision left to Council but would not have to be done. Mayor Harpstead asked if TIP districts can be modified by legislation once established, and if any were extending to the 30 years. He noted by stating the district is 30 years up front, this would give better knowledge to the taxing authorities as to what to expect. Ms. KviIvang stated this was true and that several communities have extended the term of the district, such as the Medtronic development. Mr. Bubul stated the 30 years is suggested to reduce the risk on the City's end. Ms. KviIvaIig explained the legislation would provide the City the opportUnity to establish a district for 30 years but the development agreement would set the terms and parameters for the assistance. Mayor Harpstead questioned who staff had met with at the House Research Committee and if they noted any red flags with regards to the legislation.