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challenges with regards to the Commission and who might be coming before you. Specifically as we move to working with smaller business, do you see any potential conflict of interest relative to your new position? Also,how do you sort and separate that out as a Commissioner? Mr. Ferlic replied, That is a good question and I can see how public perception could view that as a conflict.Just to let everyone know,the organization I work for,although it functions as a Venture Capital for-profit organization,is actually a not for profit organization.Typically,if I were working for a for-profit Venture Capital Investment firm, I would take a personal interest in any of the investments we are making. That is not the case and I am not personally investing in any of these start-ups. In addition, the types of companies and development opportunities the Redevelopment Commission are seeing are not the types of companies that Elevate Ventures are investing in. We are investing in one (1) to two (2) pers on early-stage start-up o pp ortunities. The Redevelopment Commission sees large developers so there certainly has not been any conflict and I do not foresee any conflict in the future. Council President Scott dismissed Mr. Ferlic from the interview. Dr. David Varner, 1306 Clayton Drive, was asked by Council President Scott why he would like to serve as one(1)of the Council appointees to the Redevelopment Commission.Dr.Varner stated, The Redevelopment Commission, prior to the onset of the development of TIF Districts, did not have much money to spend as it either came from the Federal Government through loan programs or other block grants. Those were never addressed by the Council and rarely was the Council involved with the expenditures of those monies. With the onset, development and growth of the TIF Districts, I think we are on track to collect about $27 or $28 million TIF District money this year. Our General Fund is $55 million so our TIF dollars are approximately fifty percent(50%) of our General Fund, give or take numbers and fluctuation over the course of the year. Whether it is me or someone else on the Council, I think it is incredibly important the Council maintain our interest, with regard to the TIF, by having Councilmembers on the Redevelopment Commission. I think having a Councilmember serving as one (1) of the appointments carries more weight than someone from the City who might or might not have an interest in that area. I think it is terribly important that the Council, given the size of TIF money,maintain that interest. We only have two (2) Council appointees and these other individuals interviewing could always be appointed by the Mayor because the Mayor gets three (3) appointees. It has become so large and there are a lot of issues throughout all the districts. If you have a law that is not enforced, you don't have a law. I think it was about seven (7) years ago when Council got two (2) appointments. It is a new thing and the State Statute says the Mayor gets three (3) and the Council gets two (2). The position I take on these matters have always been in the interest of the Council and I hope to continue to do that. Council President Scott then opened the floor to questions from Councilmembers. Councilmember White asked, What is your philosophy on how and on what TIF Funds should be spent? Dr. Varner replied, When laws are written, they are sometimes very specific and sometimes very vague. The statute regarding TIF says it must be used in the TIF District or inner-serving the TIF 3