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<br />TWIN LAKES HEARING <br />September 20, 2004 <br /> <br />AL SANDS COMMENTS <br /> <br />IN GENERAL, I AM APPOSED TO THE USE OF PUBLIC <br />SUBSIDIES, LIKE T.I.F., TO BUILD MORE RETAIL IN ROSEVILLE. <br />BUILDING MORE RETAIL IN ROSEVILLE DOES NOT SERVE ANY <br />JUSTIFIABLE PUBLIC PURPOSE. THE RETAIL PORTION OF THIS <br />PROJECT IS APPROX. 20%, SO A REDUCTION IN T.I.F. WOULD BE <br />ABOUT 4.5 MILLION. <br /> <br />THERE ALSO IS NO JUSTIFICATION TO USE PUBLIC <br />SUBSIDIES FOR HOUSING THAT IS NOT LOW INCOME HOUSING, <br />AS STATED IN THE CITY'S CURRENT T.I.F. POLICIES (SEE <br />ATTACHMENT TO CITY'S PRESENTATION). THERE IS NO <br />PROVISION IN OUR CURRENT TIF POLICIES TO FUND UPSCALE <br />HOUSING BY TIF SUBSIDIES. <br /> <br />THERE IS NO ASSURANCE THAT THE OFFICE PORTION OF <br />THE PROJECT WILL MATERIALIZE AT THIS TIME. THERE ARE <br />NO PROSPECTS IN VIEW. THIS MAY TAKE MORE THAN A FEW <br />YEARS TO ACCOMPLISH. <br /> <br />THE ONLY JUSTIFICATION FOR T.I.F. WOULD BE TO HELP <br />IN THE REPLACEMENT OR CLEAN UP OF CONTAMINATED SOILS, <br />AS DEFINED TO BE ELIGIBLE UNDER TIF STANDARDS TO SET UP <br /> <br />1 <br />