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City Council Study Session Minutes- 01/12/04 Page 12 resolution, amend the utility rates at their discretion if deemed necessary following completion of negotiations. 8. Discuss and Possibly Give Direction Regarding City Council Rules of Procedure, Council Liaisons Mter a brief discussion, it was Council consensus that additional review and further consideration be given prior to discussion of this item. Councilmember Schroeder opined his preference for waiting for the new Councilmember's election to have their input related to these rules of procedure. Councilmember Kough noted that he had additions to the proposed rules. Mayor Klausing requested Councilmembers to provide their comments and recommendations to City Manager Beets to incorporate into the proposed Rules and Procedures. 9. Discuss and Possibly Give Direction Regarding a Potential Public Hearings City Legislative Agenda for the 2004 Session of the State Legislature City Manager Neal Beets noted that when considering the Instant Runoff election special legislation, other issues - some old and some new - had also been brought to staff's attention; and were included on the agenda for discussion and direction. A. Tax Increment Financing Community Development Director Dennis Welsch and City Manager Beets reviewed attempted legislation during last year's legislative session, noting that the atmosphere may be more receptive with this legislative body for anticipated Tax Increment Financing (TIF) for the Twin Lakes Redevelopment area, given the substantial Brownfield area, and realization that the area cannot be redeveloped without some type of TIF of other aid. Mr. Beets noted that other cities had achieved similar legislation; and staff was of the opinion that one more attempt was worth the time and energy to pursue the legislation, particularly with the increased emphasis on the residential aspects of the project. Tax Increment Financing