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City Council Study Session — 09/20/04 <br />DRAFT Minutes - Page 11 <br />D. Roseville Resident (Immigrant) <br />The resident expressed confusion regarding the spreadsheet <br />displayed during the meeting and assumptions provided in <br />Mr. Casserly's report. He further questioned how much it <br />would cost the City during the first five (5) years, and when <br />would the value of the property increase sufficiently to <br />allow the city to realize revenue from the project. He then <br />asked for a"best" and "worst" case scenario. <br />Mr. Casserly reiterated the City's structuring that dictated <br />that the developer advance the costs, and noted that if the <br />investment producing sufficient revenues, the developer <br />would not get paid. Mr. Casserly noted that if the revenues <br />exceeded projections, the TIF' District could be retired prior <br />to the 25 year limit. Mr. Casserly concurred with previous <br />comments that the projections were assumptions, but <br />expressed confidence in the sources and experience used <br />for making the assumptions. <br />