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EDA Member Lyden said that the original TIF objective was to use it as a tool for <br />development, then growth would proceed on its own. Since other cities use it liberally, <br />Lino Lakes needs it to continue to compete. Mr. Wessel said the city was conservative in <br />its approach to TIF. Mr. Ruff noted using TIF is a policy question as to whether the city <br />wanted to guide development, or wait for business to develop on its own. <br />EDA President Sullivan said she wanted the local contribution noted in the TIF and a <br />sunset clause on undeveloped parcels. Mr. Ruff stated the TIF law removed parcels that <br />were undeveloped after four years. He suggested an annual review of the process. EDA <br />Member Dahl asked how much this was costing the city. Mr. Wessel explained the city <br />was not gaining the additional tax base over a period of time. <br />EDA Member Bergeson moved to adopt Resolution No. 98 -05, with the addition of an <br />annual review and the inclusion of the local contribution within the plan. EDA Member <br />Lyden seconded the motion. Motion passed unanimously. <br />ADJOURNMENT <br />EDA Member Lyden moved to adjourn. EDA Member Dahl seconded the motion. <br />Motion passed unanimously. <br />