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33 2.7 Since the February I I thmeeting, staff also felt that there needed to be more clarity on how <br />34 the criteria are used. Specifically, staff is suggesting that the City utilize a scoring system to <br />35 determine if a project should be considered for financial assistance. As proposed in the <br />36 revised framework, projects would need to achieve seven of the scoring criteria within four <br />37 of the overarching community objective categories. The scoring system is described on the <br />38 first page on the revised document. <br />39 2.8 A copy of the revised Twin Lakes Public Financial Participation Framework is attached to <br />4O this report. <br />4 1 2.9 Twin Lakes AUAR Infrastructure Allocation Study <br />4 .10 On November 19,, 2007,, the City Council authorized the use of SRF Consulting to conduct <br />43 the Twin Lakes AUAR Infrastructure Allocation Study to determine the proportionate cost <br />44 share of properties within the Twin Lakes project area for the required infrastructure (streets <br />1 <br />45 and utilities). <br />4 .11 The final draft of the Allocation Study has been completed and was reviewed with the City <br />47 Council on February I I th. At that meeting, there were several questions regarding the study. <br />48 Deb Bloom,, City Engineer, prepared responses to the questions in a memo dated February <br />1 <br />4 15, 2008. (Attached). <br />50 2.12 Staff will be prepared to discuss the previous questions as well as address any additional <br />51 questions. <br />52 3.0 SUGGESTED ACTION: <br />53 3.1 BY MOTION, ADOPT RESOLUTION THAT ADOPTS THE TWIN LAKES <br />54 PUBLIC FINANCIAL PARTICIPATION FRAMEWORK <br />55 3.2 BY MOTION, ADOPT RESOLUTION # THAT ADOPTS THE TWIN LAKES <br />56 AUAR INFRASTRUCTURE ALLOCATION STUDY <br />57 <br />58 <br />59 Attachments.- A. Draft Twin Lakes Public Financial Participation Framework. <br />60 B. Resolution Adopting the Twin Lakes Public Financial Participation Framework <br />61 C. Twin Lakes Allocation Study (Please brins!,your cop, sent 0 <br />rev gusty). <br />62 D. February 15, Memo from Deb Bloom, City Engineer <br />63 E. Resolution Adopting the Twin Lakes AUAR Infrastructure Allocation Study <br />64 <br />65 <br />66 <br />67 Prepared by, Patrick Trudgeon, Community Development Director (651) 792-7071 <br />