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City Council Regular Meeting Minutes <br /> July 11, 2000 <br /> Page 4 <br /> 1 Mr. Tankenoff noted if his company is not able to meet the high parameter, which his company <br /> 2 has always done, he does have to.have a back up plan for development of the site. He stated he is <br /> 3 being up front with the City on the future development if the high parameters are not met. Mr. <br /> 4 Tankenoff noted his company would do poorly if the site does not gain the higher parameters. <br /> 5 Cavanaugh noted there was a development meeting last week and out of this meeting came an <br /> 6 agreement to perfect the development plan and make a recommendation to the Planning <br /> 7 Commission. He explained the level of certainty of the project has been greatly discussed and <br /> 8 defined by this committee. Cavanaugh stated that because this is a one shot thing the Council <br /> 9 needs to discuss this project and define it to their needs. He indicated the fall back plan leaves <br /> 10 the City with less certainty on the redevelopment. He noted the certainty has to be known and <br /> 11 how the TIF money will be used before this comes before the Council for approval. <br /> 12 <br /> 13 Horst stated he is not looking for certainty but expectation because the tenant mix cannot be <br /> 14 absolutely known at this time. He noted Mr. Tankenoff will perform to the best of his ability to <br /> 15 be profitable and that the Development Committee is going to have to tie up loose ends for the <br /> 16 City. <br /> 17 <br /> •18 Mr. Tankenoff noted the issues of certainty at this time as being that the storm water would be <br /> 19 worked on, there would be new fascia based on whom is attracted to the building,the size of <br /> 20 windows, the landscaping, and a new signage. He indicated the items of uncertainty are whom <br /> 21 will.occupy, who much they will occupy and when they will occupy. <br /> 22 Mr. Tankenoff noted these factors will drive him to meet the needs of potential tenants. He <br /> 23 explained that once the City designs the rules, it will still be difficult for him to meet only office <br /> 24 and hi-tech office without offering commercial uses. Mr. Tankenoff indicated the City needs to <br /> 25 decide what uses they are comfortable with and which uses the City is not comfortable with. <br /> 26 Horst stated he would not like to see warehouse or storage at this site. <br /> 27 <br /> 28 Hodson stated he sees the TIF money as a goal for Hillcrest to meet the best interests of the <br /> 29 community and for them self. He noted he is glad that they have a contingency plan for this use. <br /> 30 Cavanaugh noted this plan may not be in the best interests of the Village because it would not be <br /> 31 at the highest and best level of development. He indicated the contingency plan will list the uses <br /> 32 permitted within the Plaza that the community finds are the best and highest uses for the site. <br /> 33 <br /> 34 Horst stated there is never going to be complete certainty on this issue. Cavanaugh stated there <br /> • <br />