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ARDEN HILLS CITY COUNCIL WORK SESSION-AUGUST 17 2009 8 Councilmember McClung indicated he felt there was not enough information at this time to set aside funds and that he would like to leave the B2 district as it is. Councilmember Holmes explained that she would like the Council to be proactive and approach the businesses about the potential redevelopment to work with them through this process. Further discussion ensued regarding the B2 district planning process, funding sources along with the suggested amenities for the area. Councilmember Holmes asked if TIF could be used through this redevelopment. Community Development Director Lehnhoff indicated that this would be questionable because the area was fully developed at this time and may not generate the amount desired. Councilmember Holmes stated that the City may have to consider bonding due to the price tag attached to the roadway improvements. Community Development Director Lehnhoff indicated the first step would be to discuss the options for sequences and investigate the plans for 20 10. Mayor Harpstead stated this would come down to the expense. - Community Development Director Lehnhoff agreed stating once the expenses were known; the Council could narrow down the timeline a bit. He suggested the item be left within the CIP for now, with 2011 being engineering and 2012 being the construction. Councilmember Grant asked if the current housing TIF district at Cottage Villas could be extended. Finance Director Iverson stated with the current timing the Council would have to do a planned amendment this year to extend that district and tie it to a specific project. Councilmember Grant further commented that he was not in favor of the workforce housing project as it would require too much TIF from the City. He suggested the developer seek additional funding to fill the gap.