10-27-2003 EDA Minutes - Laserfiche WebLink

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CITY OF LINO LAKES 1 ECONOMIC DEVELOPMENT AUTHORITY 2 MINUTES 3 4 5 DATE : October 27, 2003 6 MEMBERS PRESENT : J. Bergeson, D. Carlson, C. Dahl, J. O'Donnell, 7 J. Reinert (part) 8 MEMBERS ABSENT : None 9 OTHERS PRESENT : Mary Divine, Dan Tesch, Michael Grochala and Bill 10 Hawkins 11 12 CONSIDERATION OF MINUTES OF SEPTEMBER 23, 2003 13 14 EDA Member Bergeson moved to approve the September 22, 2003 minutes, as presented. EDA 15 Member O’Donnell seconded the motion. Motion passed. EDA Member Reinert absent. 16 17 CONSIDERATION OF RESOLUTION NO. 03-08 DECERTIFYING TAX INCREMENT 18 FINANCING DISTRICT NO. 1-6 19 20 Ms. Divine summarized the Staff report, indicating the obligations in this district have been satisfied. 21 She stated the resolution terminates the district as of November 15, 2003. 22 23 EDA Member O’Donnell moved to adopt Resolution No. 03-08 decertifying Tax Increment 24 Financing District No. 1-6, Apollo Business Park. EDA Member Dahl seconded the motion. 25 26 Motion carried. EDA Member Reinert absent. 27 28 CONSIDERATION RESOLUTION NO. 03-09 DECERTIFYING TAX INCREMENT 29 FINANCING DISTRICT NO. 1-7 30 31 Ms. Divine summarized the Staff report, indicating the obligations in this district have been satisfied. 32 She stated the resolution terminates the district as of November 15, 2003. 33 34 EDA Member Dahl moved to adopt Resolution No. 03-09 decertifying Tax Increment Financing 35 District No. 1-7, Apollo Business Park. EDA Member Bergeson seconded the motion. 36 37 Motion carried unanimously. 38 39 CONSIDERATION OF RESOLUTION NO. 03-10 DECERTIFYING TAX INCREMENT 40 FINANCING DISTRICT NO. 3-1 41 42 Ms. Divine summarized the Staff report, indicating the obligations in this district have been satisfied. 43 She stated the resolution terminates the district as of November 15, 2003. 44 45