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CITY OF LINO LAKES <br />ECONOMIC DEVELOPMENT AUTHORITY <br />MINUTES <br />DATE: Monday, March 22, 1999 <br />MEMBERS <br />PRESENT: K. Sullivan, J. Bergeson, C. Dahl, C. Lyden, A. Neal <br />MEMBERS <br />ABSENT: <br />OTHERS <br />PRESENT: Brian Wessel, Mary Divine <br />CONSIDERATION OF MINUTES <br />EDA Member Neal moved to approve the minutes from the December 21, 1998 EDA <br />meeting. EDA Member Dahl seconded the motion. Motion passed unanimously. <br />CONSIDERATION OF ANNUAL APPOINTMENTS <br />ACTION: EDA Member Lyden moved to approve 1999 offices: Kim Sullivan, President; <br />Caroline Dahl, Vice-president; Andy Neal, Treasurer; Mary Divine, Secretary; Daryl <br />Sulander, Assistant Treasurer; Linda Waite Smith, Executive Director. EDA Member Neal <br />seconded the motion. Motion passed unanimously. <br />CONSIDERATION OF OFFICIAL NEWSPAPER <br />ACTION: EDA Member Neal moved to appoint the Quad Community Press as the official <br />EDA newspaper. EDA Member Lyden seconded the motion. Motion passed unanimously. <br />CONSIDERATION OF OFFICIAL DEPOSITORIES <br />ACTION: EDA Member Neal moved to approve Norwest Bank, First Bank NA, Firstar <br />Bank, Merrill Lynch, Dain Bosworth, Juran and Moody, Prudential Bach, Lino Lakes <br />State Bank, Lakeland National Bank, and League of Minnesota Cities 4M Fund as EDA <br />official depositories. EDA Member Bergeson seconded the motion. Motion passed <br />unanimously. <br />CONSIDERATION OF CONTRACT FOR PRIVATE DEVELOPMENT BETWEEN <br />LINO LAKES EDA AND CONTRACT HARDWARE (MCLAD, LLP) <br />Mr. Wessel outlined the conditions for public assistance for Contract Hardware, which is <br />locating on 2.1 acres in the Apollo Business Center. In the agreement, the city agrees to <br />