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Regular City Council Meeting Monday, Apri121, 2008 Page 6 they along in the land use approval process. The City is able to decline grant awards throughout that process. Councilmember Pust asked that staff include their time in making tonight's pres- entation and any grant preparation time, to document the developer's obligation in language of a negotiated MOU, since grant funds would represent money flowing to private developers for their project. Economic Development Associate Jamie Radel advised that staff was not com- pleting the grant applications, nor would staff be responsible for periodic report- ing on grant funds, with the MOU outlining those terms, indicating that the appli- cant would perform those tasks and submit applications and reports to staff for re- view prior to submission to granting agencies. Mr. Trudgeon clarified that Cent Ventures was still working on securing tenants for the property to the north; as well as CSM still working on putting together their project, with only preliminary discussions held at the staff level to-date; however, he noted that by the time of any grant awards (estimated in June of 2008), the projects should be much further along. Councilmember Pust noted that the City had to turnback grant funds already for previous Twin Lakes projects; opining that she didn't want the City to have to re- peat the process, impacting the City's standing and credibility as a grant recipient. Councilmember Ihlan shared Councilmember Pust's concerns; opining the need to be clear with applicants that, even if grant funds are awarded, it doesn't guaran- tee that their project will be approved if it doesn't meet land use criteria and proc- esses; and to ensure that the City's interests and approval processes are stipulated and protected in each MOU. Mr. Trudgeon recognized that the City's credibility is paramount, and noted the need for real projects moving forward. Councilmember Pust opined the need to have all in order before the state made a decision to award grant funds, to allow time for the City to rescind their applica- tion prior to award to allow other worthy projects adequate consideration for award. Councilmember lhlan opined the need, in future policy making, to set a policy that the City doesn't look favorably on this type of application unless the project had received preliminary City Council review beforehand. Councilmember Roe noted that, with past grant fund turnbacks, the funds had ac- tually been accepted; where this one may be viewed differently if grant funds had yet to be accepted. Related to a future policy decisions, Councilmember Roe