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ARDEN HILLS CITY COUNCIL—March 29, 2010 2 A. TCAAP Update Community Development Director James Lehnhoff stated Mr. Legare has stated that the GSA is continuing to work with the Army on the special terms for the Invitation for Bid. There have not been any changes to the remediation timeline or concept since the last conference call. The next conference call scheduled for Monday, April 5, 2010, will be rescheduled. The Wildlife Corridor will still be transferred as anticipated. The Army is supportive of Ramsey County's request for the 500-foot wide trailhead that crosses the Arden Hills Army Training Site (AHATS) and the Primer Tracer area with certain conditions that are still being discussed. The balance of the Primer Tracer area would be removed from the public auction and absorbed into the AHATS property if this moves forward. The 150-foot wide trail corridor along the eastern property line has not yet received support from the Army. City Staff and the County are continuing discussions on options for obtaining the trail corridor. Staff met with the Cunningham Group on Monday, March 22, 2010, to begin their involvement with the TCAAP zoning project. They anticipate completing their initial review of the draft zoning regulations by April 5 to evaluate the regulations for conformance with City goals in the Comprehensive Plan and Minnesota Statutes. The City is on track to adopt the regulations by the end of June, in time for the public auction. The TCAAP multi jurisdictional meeting is scheduled for Wednesday, April 14, 2010. As of March 25, 13 people have confirmed that they will attend the meeting. C. Bond Rating Upgrade - Mr. Jonathan North, Ehlers & Associates, stated the City has held a Bond Rating from Standard and Poors (S&P) of A+. S&P has reviewed the rating and has upgraded the City to an AA+ rating. He explained the new rating and its impacts to both the City Council and the public. Councilmember Holden asked if Arden Hills would be able to achieve a rating of AAA given its size. Mr. North stated that the size of a City is a factor used by S&P and it is not likely at this time Arden Hills would receive a rating of AAA. Councilmember Grant asked if this would affect the City's conduit financing. Mr. North stated that this would have no affect on the City's conduit financing. Mayor Harpstead thanked Finance Director Sue Iverson for her hard work over the last three years, the work of the Finance Department, the Financial Planning and Analysis Committee, and the City's financial consultants. PUBLIC Mayor Harpstead opened the Public Inquiries/Informational at 7:15 p.m. Ms. Melinda Peloquin, 1645 Valentine Avenue, expressed concerns about the proposed reconstruction of Valentine Avenue in the 2010 PMP project proposal. She also stated that her lot was being assessed as two lots. She stated she did not believe that this particular lot would satisfy