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City Council Study Session —10/18/04 DRAFT Minutes - Page 29 questions had been answered, rather than taking additional time Conduit Debt for this discussion at tonight's meeting. Financing 9. Review Twin Lakes Redevelopment Project Consulting Fees Councilmember Ihlan sought clarification regarding whether the upcoming regular Council Agenda of October 25, 2004 included consideration of the Twin Lakes Redevelopment land use proposal. City Manager Beets confirmed that staff anticipated compliance with that projected time frame. Mayor Klausing sought clarification if the requested action was for consideration of a Concept Plan. City Manager Beets responded affirmatively. Councilmember Ihlan sought Council guidance on how to make a formal request for additional time for consideration prior to Council action, in lieu of her previously-expressed concerns related to her opined status of unanswered legal, environmental, and fiscal impact questions. Councilmember Ihlan urged Councilmembers to use the Planning provisions for a 60-day extension, rather than rushing into a decision regarding this matter. Mayor Klausing noted that the appropriate procedure, and possibility for extending the 60-day rule, would be an option available to the City Council at the meeting where the redevelopment proposal was considered. City Manager Beets clarified the provision for certain findings being made. Councilmember Ihlan presented a substantial summary of financial trends, based on the proposed 2005 budget, and consultant expenditures as provided by Finance Director Chris Miller at Councilmember Ihlan's request. Councilmember Ihlan expressed concerns regarding larger fiscal impacts and how those impacts affected the immediate budget and future budgets; and questioned where those consultant funds were coming from. Finance Director Miller advised that originally, corresponding revenues via a Metropolitan Council grant had been used to Review Twin Lakes Redevelopment Project Consulting Fees