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DRAFT <br />CITY OF LINO LAKES <br />ECONOMIC DEVELOPMENT AUTHORITY <br />MINUTES <br />DATE: Monday, December 21, 1998 <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 14, 1998 EDA <br />meeting. EDA Member Bergeson seconded the motion. Motion passed unanimously. <br />CONSIDERATION OF AGREEMENT RELATING TO DEVELOPMENT <br />CONTRACT AND MORTGAGE FINANCING, F&G, INC. (APOLLO BUSINESS <br />PARK <br />ACTION: EDA Member Bergeson moved to authorize the president and executive direct <br />to execute an agreement on behalf of the EDA for an additional $635,000 in connection <br />with permanent financing of Phase 3 of the F&G project. EDA Member Neal seconded the <br />motion. Motion passed unanimously. <br />ADJOURNMENT <br />EDA Member Neal moved to adjourn. EDA Member Dahl seconded the motion. Motion <br />passed unanimously. <br />