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2004_0920_Packet
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2004_0920_Packet
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REQUEST FOR COUNCIL DISCUSSION <br />DATE: 09720/04 <br />ITEM NO: 5. <br />, <br />Department ApprovaL Manager Approved: Agenda Sc�tion: <br />DPW/CB <br />Public <br />Item Description: Public Hearing on Public Financing for Twin Lakes Phase I <br />ProposedDevelopment(PF 3543) <br />1.0 SUMMARY OF MATERIALS FOR PUBLIC HEARING <br />1.1 A public hearing was set for September 20,2004 to allow residents and <br />interested parties an opportunity to provide comment and ask questions <br />regarding the proposed public financing issues relating to the concept Twin <br />Lakes Phase I Development proposed by master developer, Rottlund <br />Companies. (NOTE: Public comment on the formal land use process — <br />Phase 1- will be solicited at the public hearing before the Roseville Planning <br />Commission on October 6th if the Master Developer, Rottlund, receives <br />approvals needed by the Council at the end of September.) <br />1.2 The media were alerted and the notice was published in the paper and on the <br />cable systems. <br />1.3 A preliminary financing plan has been prepared and was reviewed with the <br />City Council on September 13th It should be understood that a significant <br />amount of additional financial analysis will be done if this project moves <br />forward. Any gap strategies must be reviewed and approved with more <br />detailed analysis, based in part on a more finite land use plan. <br />1.4 The information prepared and presented as part of this public hearing is an <br />overview of the public financing proposed for this development. Michael <br />Noonan of Rottlund Homes and the City's development finance consultant, <br />Jim Casserly, will be present at the public hearing to present a brief <br />introduction and, later, answer questions if the Council chooses to have them <br />answered at the meeting. <br />a. Public Finance and Redevelopment Presentation <br />PF3543 - RCA (09-20-04)- Page 1 <br />
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