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City Council Regular Meeting - 04/25/05 Minutes - Page 22 Councilmember Maschka questioned if there was anything in Code language that addressed crediting the developer for creation of public art components in the project. Mr. Welsch advised that the City Attorney would need to do further research and provide an opinion to the City Council and staff, as City Code was not definitive on public art credits from park dedication fees. Mayor Klausing called for public comment from those who have not already spoken to the Twin Lakes issue, with specific focus on the term sheet. Al Sands, 2612 Aldine 1) Mr. Sands addressed his interpretation of the developer's Proforma calculations and forecasts as presented on March 14, 2005; and the apparent increase outlined in the term sheet over that requested by the developer. Mr. Sands opined that it was inappropriate for the City to become a profit-sharing partner, and that any additional monies should go toward reducing the public subsidy, rather than putting the City Council in an improper position. 2) Mr. Sands reviewed the schedule of property intended for acquisition by the developer, opining that one parcel adjacent to Langton Lake Park, was already owned by the City of Roseville, and sought clarification of intent, noting the property description on Page 11 or Exhibit A. 3) Mr. Sands questioned why there appeared to be no exit strategy for the city in term sheet. 4) Mr. Sands questioned why, on page 6 of the term sheet, in the accounting and administration portion, there was no provision for an independent audit or review of documentation provided by the developer; opining that an independent audit review needed to be provided, at a minimum at the final reconciliation. 5) Mr. Sands opined that the linkage of housing to commercial construction was invalid, but that the developer should complete housing prior to commercial construction. Mr. Sands concluded by opining that the City Council needed to