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CC_Minutes_2005_0328
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CC_Minutes_2005_0328
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7/17/2007 9:24:34 AM
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5/12/2005 10:47:57 AM
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Roseville City Council
Document Type
Council Minutes
Meeting Date
3/28/2005
Meeting Type
Regular
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<br />City Council Regular Meeting - 03/28/05 <br />Minutes - Page 19 <br /> <br />defense exposure costs. <br /> <br />10. <br /> <br />Report on the Payment of Attorney Fees through <br />TIF/Economic Development Account <br />Councilmember Ihlan had previously requested the manner in <br />which the City has paid for attorney and other consultant fees <br />related to the Twin Lakes Redevelopment project, and whether <br />it was appropriate to allocate costs to some future tax increment <br />district. <br /> <br />Finance Director Miller noted that staff was capturing all costs <br />related to the project in a separate fund for tracking purposes; <br />with the funding source existing City reserves specifically <br />designated by a previous Council for up front economic <br />development activities. Mr. Miller advised that staff was <br />following existing Council directive and current practice; but <br />City Council discretion and direction could change that directive; <br />but his recommendation from an accounting perspective, would <br />be to continue using funds as per current practice. Mr. Miller <br />noted that the funds were from surplus monies from the creation <br />of TIF Districts that had been pooled. <br /> <br />Acting Mayor Maschka concurred with staff s recommendation <br />and the appropriate use of this funding. <br /> <br />Al Sands, 2612 Aldine <br />Mr. Sands disagreed with the assertions of Mr. Miller, <br />referencing a recent e-mail requesting Mr. Miller to identify <br />specific meeting minutes designating funds. Mr. Sands opined <br />his perception of the origination of the funds. <br /> <br />Mr. Miller stood by his reference to that in the e-mail at $2 <br />million. <br /> <br />Councilmember Ihlan reiterated past comments and concerns <br />related to expenditures for consultants for the Twin Lakes <br />development; and expectations that the City will recover or <br />reimburse themselves for up front funding, applying undue <br />pressure to approve the proj ect. Councilmember Ihlan opined <br />her concern that this was bad public policy; and further opined <br />that these upfront costs should be borne in their entirety by the <br /> <br />Report on <br />Payment of <br />Attorney Fees <br />through <br />TIF/Economic <br />Development <br />Account <br />
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