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Regular City Council Meeting Monday, February 23, 2009 Page 19 Mayor Klausing asked staff to expound on their discussions for capturing expen- ditures in other ways based on worst case scenarios. Mr. Trudgeon advised that the total project cost was over $3 million; and that the Metro Transit funding was only a partial payment; with existing Tax Increment Financing (TIF) fund balances more than sufficient to meet the total project cost, in addition to grant funds. Mr. Trudgeon noted that the City would be funding the project from the front end; however, developers would be reimbursing the City for their cost-sharing allocations of infrastructure improvements; and that the pro- ject would not affect any city operations or budgets. Further discussion included cost allocations to this project and future develop- ments; and the City's commitment to the contractor for Phase I of the infrastruc- ture improvements, with or without financial participation of Metro Transit. Mayor Klausing shared City Councilmember and staff concerns; noting that this was a higher degree of uncertainty than the City would normally see in such an agreement; giving the Council pause and some uneasiness; however, at the end of the day, and weighing that potential risk with the benefit in moving forward, and since this was only a portion of the total cost, with TIF funding in place -pending policy discussions - he expressed his comfort in moving forward. Mr. Schwartz opined, from a staffperspective and with City Council support, that there was no reason the roadway project couldn't be delivered within the pro- posed schedule; reiterating the need to adhere to the aggressive timing. Klausing moved, Ihlan seconded, approval of an Interagency Agreement between the City of Roseville and Metropolitan Council for the I-35W and County Road C Park-N-Ride. Councilmember Johnson spoke in support of the agreement, based on staff's comments. Councilmember Roe spoke in support of the motion. Roll Call Ayes: Johnson; Ihlan; Roe; Pust; and Klausing. Nays: None. 13. Business Items - Presentations/Discussions a. Discuss City Council Electronic Communications Policy City Manager Malinen provided a first draft of a proposed policy on Council- member Electronic Communications; along with a review of previous topics dis- cussed at the City Council level. Mr. Malinen advised that this proposed policy