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Mounds View EDA June 27, 2005 Regular Meeting Page 13 had factored in the $5 million of surplus the City received and spread that out over the 25-years for the district. He stated that it would also include additional funding for the schools. He agreed that the golf course would maintain existing green space adding that Medtronic is only going to develop a portion of the property and the remainder would be available for use by Mounds View residents as a park facility with trails. He referenced other developers noting that he does not believe that there are more than a handful of developers in the state that could handle a project of this size within this state. He stated that they know what Medtronic brings to the table adding that other developers would be a best guess. He stated that development for residential homes would only be a continuation of the city operating on the backs of homeowners. He referenced industrial development and asked if they really want the possibility of an industry that could cause potential environmental issues, noise pollution or other additional daily traffic because of trucking. He stated that it is his belief that if the golf course property were put out for proposal by other developers he does not believe that Medtronic would be part of that group. He referenced the concerns expressed as to whether they are getting the best value for the land and the best deal for Mounds View stating that he believes that the value is not only based on monetary reasons but we need to also judge it by the type of business, the image, the potential for future growth and the type of people associated to this industry that would come into this project. He stated that over the last year he has talked with neighbors and asked them what their concerns are living in Mounds View. He stated that most responded that their biggest concerns are taxes and increases in the cost of services provided. He stated that he understands that the residents of Mounds View asked him to be their representative and to make the best decisions for all citizens. He assured the community that he has listened to everyone’s concerns and believes that the golf course has been a wonderful asset for the community but he also believes that Mounds View’s future does not lay with the golf course but it does with Medtronic. Commissioner Thomas clarified that it was her understanding that last week the meeting was designed to hear from the public and their chance to speak would be tonight. She stated that this gave them time to absorb and research to provide answers this week. She stated that she has spent much of the week meeting with many different people and talking with residents who are both for and against and somehow it seems the community can’t get around this issue becoming a personal, emotional issue. She stated that it should be about the numbers adding that it has to be about more than the dollars and cents discussed here. She stated that it does come down to how she feels about this issue and whether the questions and concerns were answered and addressed. She stated that they have been presented with an opportunity and proposal that they can say yes or no to and then deal with the next step. She explained that she has to decide, based on her beliefs and as an individual, what is best for the City of Mounds View. She stated that she understands the limitations this property has adding that any opportunities should be explored. She stated that initially she had significant concerns noting that every one of her concerns has been addressed. She stated that they worked very hard for six months raising questions and looking at all potential options. She referenced the cap on the TIF District stating that she understands what they had to do adding that she does not like the idea of a 25-year TIF district but she can do the math and understands what is being discussed. She stated that it was