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' • Page 6 1 Chair Bergstrom asked Mr. Gleekel about the signage. Mr. Gleekel responded that 2 certain clients have different expectations on signs and that Hillcrest wants minimum 3 signage. Gleekel also assured Thomas that the Preferred Plan was made available to 4 the public. 5 Mr. Tankenoff reasserted that Hillcrest not does want to mislead or disappoint the 6 public. He wants the public to know the worst case scenario as well as the Preferred 7 Plan and be up front about all aspects of the project. He feels that Hillcrest and 8 everyone concerned must be clear on what happens if the plan does not work. He feels 9 that Apache is in its present state because this was not done in the past. 10 Chair Bergstrom thanked Mr. Gleekel and Mr. Takenoff. Bergstrom then asked for 11 public input and that it be limited to 5. minutes for each person. 12 Allen Otte, 3508 Skycroft, indicated he has read the plan and toured Hillcrest's other 13 facilities. He feels Hillcrest has done a good job with its other properties. However, 14 as a trained engineer, he indicated the project needs a firmer plan. He compared this 15 project to the one Hillcrest did on Stinson and he would not like to see something done 16 like that project. He said the Preferred Plan is fine, but the Interim Plan is unclear. He 17 predicted this project would fold in 6 months if issues are not made more definite. He felt the Planning Commission should table the Plan and until the City knows the status q9P of the Met Council's grant. 20 Pegy Thorvig, 3112 Townview, indicated he has been a City Planner for 32 years and 21 has worked on other Hillcrest properties and that they are very good. He does not want 22 Exhibit O at all, but Exhibits I, J, and K are fine. He wants the Plan to be much more 23 detailed. 24 Raymond Haik, 2901 Silver Lake Terrace, stated he has been an attorney for many 25 years and is very concerned and apprehensive about the TIF for this project. He 26 mentioned the $300,000 up front cash payment the City will be required to make; the 9- 27 1/2% TIF note which runs for 18 years. His other concerns related to the Plan which 28 he feels is unclear and the timetable from start to end. He stressed this is not a public 29 improvement and feels the City is in a rush. He added that the TIF should contain a 30 cap. He reiterated that the City,has no certainty of what it is getting. He feels the City 31 is getting nothing for this project. He quoted a document by the City Finance Director 32 which said it will be tight getting.the $300,000 up front cash and this project should be 33 deferred. Mr. Haik emphasized that flexibility is uncertainty in this case. Mr. Haik put 34 forth many questions about the funding for this project and that the Planning 35 Commission should inform the Council about the risk. He indicated this issue is US 36 Bank's problem and that it ought to be tabled. •