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fl city of <br /> �BAGII ON <br /> the city that works for you <br /> Council Worksession <br /> October 22, 2013 <br /> 5:00 pm <br /> Present: Mayor Dave Jacobsen <br /> Councilmember Mary Burg <br /> Councilmember Paul Jacobsen <br /> Councilmember Char Samuelson <br /> Councilmember Gina Bauman <br /> Absent: <br /> Staff in Attendance: Dean Lotter, Grant Fernelius, Dan Maiers <br /> Guests in Attendance: Mark Ruff, Jeanne Vogtili <br /> n Aarsvold; Ehlers <br /> Ehlers Update on Financial Projections for New Brighton Exchange <br /> Director Fernelius explained that a one page electronic dashboard was created in order to simplify the financial <br /> projections. Fernelius noted that because of the unknowne4PCA requirements, it is difficult obtain an accurate <br /> financial picture. Fernelius noted various*development scenarios. Ma4k Ruff commented that timing of <br /> development will be a factor as well. Mark Ruff mentioned other variables; including bond refinancing. <br /> Fernelius responded toouncilmember Bauman's question regarding the role of the MPCA, indicating that the <br /> City has been working on contingency plans. Councilmember Bauman stated that overall the City has made <br /> progress, and expressed appreciation for the update. Councilmember Samuelson questioned if there are <br /> building options other than high density and commercial development. Fernelius noted retail has been <br /> considered, ho\ M because of the poor access it was not pursued. Director Fernelius reviewed the TIF <br /> Districts executive summa'ry prepared by Ehlers. The council thanked Director Fernelius and the <br /> reprOntati es from Ehlers. <br /> 1 <br /> The work session adjourned at 5:40 pm. <br />