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e lar ity cil eeti o ay, co er 2 s 2 age f. Set a City Council for November 5, 2007 Pust moved, Kough seconded, approval of scheduling a regular business meeting for November 5, 2007, to replace the previously cancelled meeting of November 12, 2007. oll Call ~-lyes o Ihlan; Roe; Dough; Pust; and Klausing. ays: None. onsi er Items Removed fro Consent g. Establish a Public Baring to Consider the Extension of Tax Increment Fi- nancing District #1 -Centre Pointe (®FF CONSENT) City Manager Malinen clarified for Councilmembers that this request for Council action was only to schedule a Public Hearing to consider extension of the District, allowing for receiving testimony; and noted that- this was essentially the last meet- ing for scheduling the hearing, in order to provide required notice and schedule the Public Hearing at the December 17, 2007 meeting. Councilmember Ihlan opined that she had no problem setting the public hearing date; however, she noted that the staff report indicated authorization for legal analysis of $15,000 - $20,000; and she preferred the opportunity for City Council discussion prior to that authorization and making such a commitment. Mayor Klausing advised that he had similar concerns; and sought staff comment on the cost and how such an analysis moved the process forward. Finance Director Chris Miller advised that there were a number of legal filings required under State Statute; a modification of the TIF Plan itself; and due dili- gence to outline financial impacts on the City, and other jurisdictions (School Dis- trict, Ramsey County and the Metropolitan Council) resulting if the district is not decertified at the end of 2007. Mr. Miller noted that, while some of the work may be done in-house, the compressed timeframe would indicate the need for outside assistance, given the City Council calendar. Mr. Miller advised that staff could return with additional and more firm costs at the November 5, 2007 Council meet- ing; however, requested Council action tonight on scheduling the Public Hearing due to the sense of urgency and formal action required. Mr. Miller further ad- vised that his intent in including information on costs to be incurred was simply to alert the City Council that there would be costs associated with consideration of the decertification. Councilmember Roe clarified that costs incurred would be paid out of that dis- trict's TIF revenue, which was a positive revenue at this time, and further clarified that the district currently had no contractual obligations.