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Regular City Council Meeting Monday,July 22,2013 Page 32 Further discussion ensued regarding whether there was a consensus regarding connecting and/or extension of Twin Lakes Parkway, with the roadway ts realignment long platted with the City having purchased the property with the inten- tion of extending the Parkway aligning with Terrace Drive further south to create an intersection and officially mapped in the 1980's; the existing City pond on the site and future use as a retention area depending on negotiations and stormwater management on the site in conjunction with City Engineer Bloom; proposed style of construction for each phase; and planning for a more flexible product for mixed use developments. Regarding a future TIF funding request, Councilmember Willmus alerted the de- veloper that one thing he personally gave significant consideration to was long- term job creation, as well as long-term ownership of a project by the developer. While he had also asked this question at the HRA presentation, for the benefit of the City Council and public, Councilmember Willmus requested that the develop- er review their company's philosophy regarding ownership of their developments. Mr. Hughes responded that most developers sold their properties with the excep- tion of condominiums; however, he advised that it was very rare that Sherman Associates sold their developments; and planned to develop, construct, own and manage the development along with the other buildings in their portfolio, for the long-term. Regarding job creation, Mr. Hughes advised that the Phase II portion of the project, defined for office/medical use,was intended to address that criteria. Regarding his perspective on use of TIF funds,Mayor Roe stated that if TIF funds could achieve structured versus surface parking for the project, he would be will- ing to consider TIF to fill those funding gaps. Mayor Roe advised that other park- ing amenities (e.g. deck parking) that would open more green space would also increase his interest in providing TIF funding, as well as any shared parking op- tions. Mr. Hughes advised that, in attempting to have the housing component meet the requested amenities for top market rentals in Roseville, the underground parking and other amenity package proposed should accomplish the goals even at a signif- icant cost but also provide a standard for Roseville and help renew apartment de- velopments in Roseville. At the request of Mayor Roe regarding the proposed use for DEED grant funding, Mr. Trudgeon advised that it was intended to demolish the existing Hagen build- ing, asbestos removal and other site preparation costs, estimated at$440,000,with August 1, 2013 as the application deadline. If the grant was approved, Mr. Trudgeon advised that a Memorandum of Understanding (MOU) would be pre- pared and presented to the City Council in the future. Mr. Trudgeon pointed out a typographical error in the draft ordinance.