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EDA MINUTES AUGUST 11, 2003 <br />DRAFT <br /> <br />2 <br /> <br />EDA Member Dahl asked for clarification that they are adding a district here and the next resolution 44 <br />is eliminating one. Ms. Divine stated this is creating a TIF District, and the next is taking 2 parcels 45 <br />that are in TIF District 1-9 and moving them to the new TIF District 1-10. 46 <br /> 47 <br />Motion carried. EDA President Carlson and EDA Member Dahl opposed. 48 <br /> 49 <br />CONSIDERATION OF RESOLUTION 03-05, MODIFYING TAX INCREMENT 50 <br />FINANCING DISTRICT NO. 1-9 TO ELIMINATE TWO PARCELS FROM THE DISTRICT 51 <br /> 52 <br />Ms. Divine summarized her report, indicating Staff is recommending adoption of Resolution No. 03-53 <br />05 modifying Tax Increment Financing District No. 1-9 to eliminate two parcels from the District. 54 <br /> 55 <br />EDA Member Dahl moved to adopt Resolution No. 03-05 modifying Tax Increment Financing 56 <br />District No. 1-9 to eliminate two parcels from the District. EDA Member Bergeson seconded the 57 <br />motion. Motion carried unanimously. 58 <br /> 59 <br />EDA Member Dahl indicated on the Tax Increment District update it says LLBC. She asked what 60 <br />that was. Ms. Divine indicated it is the Lino Lakes Business Center. EDA Member Dahl asked if the 61 <br />City owns that property. Ms. Divine stated they do not. Mr. Fogerty purchased that property from the 62 <br />city. 63 <br /> 64 <br />ADJOURNMENT 65 <br /> 66 <br />There being no further business, EDA Member O’Donnell moved to adjourn. EDA Member 67 <br />Bergeson seconded the motion. Motion passed unanimously. 68 <br /> 69 <br />Meeting adjourned at 6:21 p.m. 70 <br /> 71 <br /> 72 <br /> 73 <br /> 74 <br /> 75 <br /> 76 <br /> 77 <br />Transcribed by: 78 <br />Karen Whaley 79 <br />TimeSaver Off Site Secretarial, Inc. 80 <br /> 81