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City Council Regular Meeting 07/12/04 Minutes - Page 32 new understanding of urban planning. Ms. McKenzie opined that the City could do this, and they could do it well; recognizing the need for the retail engine, and changing the parkway so it didn't go through the residential area. Ms. McKenzie encouraged community consensus to make this project a good one for the community. Tam McGehee, At-large panel member Ms. McGehee encouraged Councilmembers to fully consider the financial differences between housing and retail; and to review the retail bearing on traffic. Mayor Klausing again thanked the panel participants; and noted that the next will be the financial aspects of the proposed project. Mayor Klausing concurred with comments that the City needed to take advantage of the expertise provided to panel members through this process for other city issues and concerns. ~. Twin Lakes Redevelopment Project: Comments from the Development Team Michael Noonan, Rottlund Homes Mr. Noonan advised Councilmembers and the community that, as part of the development team, his firm recognized their responsibility in bringing forth meaningful change in this gateway of the City, and took seriously the panel's comments, while remaining true to the market and their personal financial risk. Mr. Noonan noted that the next part of the process: the complex and challenging, but hopefully fruitful financial strategies, would be complex and challenging, yet hopefully fruitful. Mr. Noonan opined that the developer and the City needed to concentrate on what could be done, noting that success breeds success in a development and/or redevelopment project, making the initial phase so pertinent. Mr. Noonan noted that by being respectful of the market, and recognizing the patience of the land owners, there were concerns and considerations by the developers of prolonging certain phases of the development. Mr. Noonan reviewed the Twin Lakes Redevelopment Project: Comments from the Development Team