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<br />TOM KOUGH <br /> <br />ADDITIONAL COMMENTS ON TWIN LAKES <br /> <br />1. CLEAN UP IS THE RESPONSITILITY TO CLEAN <br />UP THEIR OWN PROPERTY BEFORE <br />CONSTRUCTION, NOT THE CITY'S. <br /> <br />2. THE PUBLIC WILL BE THE MAJOR INVESTOR <br />IN THIS PROJECT. THE PROJECT COSTS ARE <br />ESTIMATED AT $40 MILLION, BUT THE <br />DEVELOPERS WILL BE REIMBURSED FOR $26 <br />MILLION. <br /> <br />3. SOME AMOUNT OF TAX INCREMENT MAY BE <br />WARRANTED, BUT 25 YEARS IS TOO LONG. BY <br />THE TIME 25 YEARS GO BY, MUCH OF THE <br />DEVELOPMENT AND THE ROADS WILL HAVE <br />TO BE REPLACED. WE'LL BE STARTING ALL <br />OVER. <br /> <br />4. MY CONSTITUENTS HAVE TOLD ME THEY <br />ARE SATISFIED WITH THE AMOUNT OF <br />RETAIL AVAILABLE. ROSEDALE IS ONE OF <br />OUR LEADING TAXPAYERS, AND WE MUST <br />WORK CLOSELY WITH THEM TO SEE THAT <br />THEY PROSEPER. <br /> <br />3 <br />