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Regular City Council Meeting Monday, November O5, 2007 Page 7 Mr. Miller advised that the funds would be turned back to Ramsey County, and they would disperse them to the taxing jurisdictions. Councilmember Roe questioned whether there would be any interest penalties in- curred if the funds were turned back. Mr. Miller responded negatively. Councilmember Ihlan questioned whether it would be possible to use funds out- side the Centre Pointe District for other types of infrastructure. Mr. Miller responded affirmatively; noting that it was staff's intent, at the upcom- ing Public Hearing, and if the Council determined to move forward, to suggest that the City Council authorize modification of the TIF Plan to preserve their op- tions to reserve as much pooling flexibility as possible for environmental reme- diation or infrastructure improvements. Councilmember Ihlan clarified that it was not possible to use the funds for recrea- tional purposes. Mr. Miller tentatively concurred; however, noted that legal counsel would be available at the upcoming Public Hearing scheduled for December 17, 2007. Further discussion included potential use for pedestrian improvements. Councilmember Ihlan noted that she still had questions on the need to use Centre Pointe TIF monies for Twin Lakes-related environmental clean up when there were two (2) Twin Lakes TIF Districts in existence. Councilmember Ihlan opined that she was not supportive of an additional pool of money that may encourage a majority of the City Council to create another "slush fund" for additional retail development at Twin Lakes. Councilmember Ihlan spoke in support of using cur- rent funding sources and attempting to seek reimbursement from those responsi- ble parties originally contaminating the properties before using public monies for the clean up. Councilmember Ihlan sought further discussion and analysis to de- termine TIF being generated from the two (2) existing TIF Districts for Twin Lakes. Councilmember Roe opined that the City Council needed to be very specific in a modified TIF Plan for Centre Pointe; and asked for staff to provide a copy of the original TIF Plan for the Centre Pointe District; in addition to a formal legal opin- ion on what could and could not be done with those funds, based on the original establishment of the district and current laws. •