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Regular City Council Meeting Monday, February 11, 2008 Page 23 Mr. Miller advised that there were funds captured within the TIF District, even though they were not budgeted expenditures in the adopted 2008 budget, due to the many uncertainties at that time. Ihlan moved, Klausing seconded, authorizing staff to engage Springsted at an hourly rate for preliminary financial analysis in the Twin Lakes Redevelopment Project Area in accordance with flieir draft work plan presented as part of the Feb- ruary 11, 2008 staff report as Attaclunent C, dated February 2008. Roll Call Ayes: Kough; Pust; Ihlan; Roe; and Klausing. Nays: None. Ms. Heaton advised that they would get more definitive numbers to the City Council as soon as possible. McGough Construction/PIK Terminal Proposal For information purposes, Mr. Trudgeon briefly reviewed the McGough Devel- opment proposal for the PIK Terminal site; and their concept drawings with a cotporate campus consisting of two office buildings each six stories in height for a total of 475,000 square feet of office space, flanked by two parking structures containing a total of 1,422 parking spaces, and additional 577 stall surface parking areas. The proposal also included a 100,000 square foot one-story laboratory at the corner of County Road C-2 and Mount Ridge Road. Mr. Trudgeon noted that staff and McGough Development were seeking feedback on the proposal, and noted that a number of issues remained to be worked out. Discussion including phasing of the project, with the developer's intent for con- struction all at one time; placement of buildings in relationship to the park and lake; timing of road construction; and pedestrian friendliness of the development. Mayor Klausing noted the placement of the buildings in relationship to the road- way as well as the lake and park, and the preference not to look at a "sea of cars." Mayor Klausing noted design provisions to soften the edge, similar to the Wil- liam Mitchell College along Summit Avenue, and their use of below-grade park- ing with buffering. Mayor Klausing also expressed his preference to provide more connectivity with the public and enable citizens to access and use the lake and park, rather than hiding the lake and creating a barrier, with potential reloca- tion of the parking structure to achieve that openness. Councilmember Ihlan expressed her concern about the back edge along the lake; and whether a buffer could be placed on the southern end of the lake, in addition to public access on the eastern side, while focusing on maintaining as much green