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AIR-DEN HILLS CITY COUNCIL WORK SESSION—JUNE 21, 2010 3 2.A TCAAP Public Auction Process Update and Discussion (continued) Mr. Comodeca stated this was concerning. His biggest concern was with how the remediation agreement would be executed in a timely manner with the MPCA and EPA to get the property developed. Community Development Director Lehnhoff indicated he would attend the Bidder's Conference on behalf of the City and would gather further information for the City. Mr. Comodeca indicated bidders would need further information at the conference regarding the remediation before seriously considering taking on the development. He explained Carmen Netton spoke with the GSA's attorney and at the end of the call she referred him to the EPA for comment. Community Development Director Lehnhoff stated the City will provide comments to the GSA outlining the City's concerns. Councilmember Holmes indicated it would be difficult for the City to respond with so little information being provided from the GSA to date. She suggested a general statement be drafted. She also requested the 90 day time limit be brought up as the City finds this to be an unrealistic timeline. Councilmember McClung encouraged the City to be properly prepared for this redevelopment as he did not want to see the remediation stall or cease as the property would then remain undeveloped. Councilmember Holmes questioned how the deposit process worked. Mr. Comodeca explained the purchaser would be paying 50% at the first closing. This 50% would be a deposit for the cleanup. He indicated the IFB did not explain what the ramifications would be if the cleanup was not completed. Mayor Harpstead reviewed the process used at the first bidder's conference. He anticipated the City providing comment at the second bidder's conference as the City wanted to remain transparent and that the end result would be a completed development on the TCAAP site. In addition, the City would be interested in completing a response action agreement before the land is transferred. The response action agreement should allow for additional testing and the schedule should allow for the development of appropriate land use plans and allow for preparation of appropriate remediation plans. He noted the City was concerned about a process that could be interrupted and not fully cleaned or developed. Councilmember McClung suggested the bidder's be provided with the City's current zoning regulations. He indicated he would be attending the bidder's conference.