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Community Town Hall Meeting — 04/26/04 DRAFT Minutes - Page 16 non-residents, since it was a prime facility, and should be a revenue producer. Mr. Davidson further opined that the City Council should slow down or totally eliminate tax-supported subsidies to "big box retailers" or other corporations, given recent cuts in State Aid. Mr. Davidson further requested that speed limit signs be posted along the frontage road along the east side of Snelling between County Roads C and C-2. Mr. Davidson noted that there were no speed signs posted and the routine excess speeds endangered the public safety of children and pedestrians. Mayor Klausing led a discussion related to future development and redevelopment proposals for the community in maintaining a diverse economic base. Public Works Director Schwartz, at Mayor Klausing's request, advised that the Public Works and Police Departments would review Mr. Davidson's concerns related to speed along the Snelling Avenue frontage road via use of the speed trailer and if warranted, speed signs could be posted. Further discussion among Councilmembers and Mr. Davidson included use of tax increment or other funding tools available for encouraging future development of housing, business and service retail; need to retain and/or attract head of household-type jobs; and the process being utilized in the proposed Twin Lakes Development area. At Mayor Klausing's request, Community Development Director Dennis Welsch, reviewed the uses and intent of tax increment financing for soil improvements, building demolition and/or infrastructure (i.e., utility, roadway) installation or improvements. Mr. Welsch clarified the use of the tax increments invested only in the new portion of the project for a determined number of years, with former tax dollars continuing to be utilized as before.