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Regular City Council Meeting Monday, October 22, 2012 Page 27 Ms. Huot advised that their profit numbers were identified at the end, with de- velopers relying on the annual cash flow from the project; with Ms. Huot advis- ing that this provided further justification that it was in the developer's best in- terest to complete all phases of the project to absorb those upfront costs. Mayor Roe noted his observations from the grand opening at Cherrywood Point, a phase of the Applewood Point project; with approval by the City Council for some TIF for that project, also a phased project. Mr. Trudgeon advised that that developer was currently in the process of pulling permits for that second phase. Councilmember Willmus noted that that project provided for both construction and care jobs. Mayor Roe, with concurrence of the body, noted that there did not appear to be majority support directing staff to move forward; with the only solution at this time would be if the project was to proceed without TIF. Based on that conclusion, Mr. Trudgeon asked more general questions of the City Council beyond this project, seeking direction as different developers and/or landowners continued to approach staff with potential projects. Mr. Trudgeon questioned how staff should respond to those parties, since sever- al were currently looking at the Twin Lakes area; and what level of develop- ment or expectation of development the City Council was seeking in the mean- time and until a re-visioning discussion took place at the City Council level. Mr. Trudgeon asked if staff should continue to use the Twin Lakes development framework to guide their discussion, or should staff bring that to the City Coun- cil for repeal. Mr. Trudgeon asked if it was the City's direction that TIF not be used for any future project; and if so, should that TIF District remain intact. Mr. Trudgeon advised that these were but a few of the directives staff would need to proceed with reviewing or considering any project in the immediate future. Councilmember Pust clarified that she was not against using TIF in all applica- tions; however, she was looking for a connection to job creation. Councilmem- ber Pust opined that, if the Twin Lakes framework did not sufficiently define that job connection, perhaps the City Council needed to revise language accord- ingly. Councilmember Pust recognized the need for staff to have a clear under- standing of City Council directives as they met with developers; and to be as- sured of the support of the elected body during those negotiations. Mr. Trudgeon advised that staff was fielding calls from interested developers on a weekly basis, and unless more precise guidelines were in place, he was unable to deliver certainties to developers, which would prove a waste of their time, as well as staff; causing them to look beyond Roseville to locate their projects.