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City Council Regular Meeting Minutes July 1152000 • Page 4 1 Mr. Tankenoff noted if his company is not able to meet the high parameter,which his company 2 has always done, he does have to have a back up plan for development of the site. He stated he is 3 being up front with the City on the future development if the high parameters are not met. Mr. 4 Tankenoff noted his company would do poorly if the site does not gain the higher parameters. 5 Cavanaugh noted there was a development meeting last week and out of this meeting came an 6 agreement to perfect the development plan and make a recommendation to the Planning 7 Commission. He explained the level of certainty of the project has been greatly discussed and 8 defined by this committee. Cavanaugh stated that because this is a one shot thing.the Council 9 needs to discuss this project and define it to their needs. He indicated the fall back plan leaves 10 the City with less certainty on the redevelopment. He noted the certainty has to be known and 11 how the TIF money will be used before this comes before the Council for approval. 12 13 Horst stated he is not looking for certainty but expectation because the tenant mix cannot be 14 absolutely known at this time. He noted Mr. Tankenoff will perform to the best of his ability to 15 be profitable and that the Development Committee is going to have to tie up loose ends for the 16 City. 17 Mr. Tankenoff noted the issues of certainty at this time as being that the storm water would be worked on, there would be new fascia based on whom is attracted to the building, the size of 20 windows, the landscaping, and a new signage. He indicated the items of uncertainty are whom 21 will occupy, who much they will occupy and when they will occupy. 22 Mr. Tankenoff noted these factors will drive him to meet the needs of potential tenants. He 23 explained that once the City designs the rules, it will still be difficult for him to meet only office 24 and hi-tech office without offering commercial uses. Mr. Tankenoff indicated the City needs to 25 decide what uses they are comfortable with and which uses the City is not comfortable with. 26 Horst stated he would not like to see warehouse or storage at this site. 27 28 Hodson stated he sees the TIF money as a goal for Hillcrest to meet the best interests of the 29 community and for them self. He noted he is glad that they have a contingency plan for this use. 30 Cavanaugh noted this plan may not be in the best interests of the Village because it would not be 31 at the highest and best level of development. He indicated the contingency plan will list the uses 32 permitted within the Plaza that the community finds are the best and highest uses for the site. 33 34 Horst stated there is never going to be complete certainty on this issue. Cavanaugh stated there • a.