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REDA Meeting Minutes—Tuesday,June 5,2017 Page 22 develop a plan that would work; and if that could be achieved here as well, she would be supportive. Regarding President Roe's suggested alternate motion, Member Laliberte spoke in support of that concurrent work; but expressed her preference for making it conditional upon award of MHFA dollars and verified maximum amount and term for a TIF district beyond verbal presentations. For clarification purposes, Attorney Ingram advised that the intent of this proposed resolution before the REDA for action tonight was not committing any funding whatsoever by the REDA and city, but simply said that the resolution supported the developer's application for tax credits. Ms. Ingram noted that the MHFA required a resolution of support and certain language now showing that in concept the REDA would support the developer's application. Ms. Ingram stated that she wanted to make it clear that there is no requirement under the language of this resolution that the REDA has to move forward, but would allow for a concurrent process. If the tonight's action is to deny the resolution, Ms. Ingram advised that this would essentially kill the project, opining that the developer was unlikely to move forward without those tax credits. At the request of President Roe, Ms. Ingram confirmed that the REDA could pass a motion separate from this proposed resolution describing the concurrent process beyond the resolution required for the developer to move forward in applying for tax credits. Member McGehee asked whether the REDA could attach strings to the resolution allowing the developer to seek additional funding, and requiring them to meet with the neighborhood and at some point provide for majority support of their project. Even though the developer had indicated their willingness to look into it, Member McGehee noted that they hadn't offered any options to do so. Since the primary concerns is one of density, Member McGehee questioned what would happen if the results were for a less dense version of the project or a different layout, and how that would impact funding applications already in place or pending. Attorney Ingram deferred to the developer for their response based on their experience in the past with similar situations. Executive Director Trudgeon advised that there would be impacts, since the developer and REDA were promoting the project with a certain configuration, with lower density dramatically affecting the economics and use of the proposed project. At the request of President Roe, Mr. Thelen advised that with all developments done to-date, they had held neighborhood meetings, clarifying that the project