HomeMy WebLinkAbout12-21-1998 EDA PacketDRAFT
CITY OF LINO LAKES
ECONOMIC DEVELOPMENT AUTHORITY
MINUTES
DATE: Monday, December 21, 1998
MEMBERS
PRESENT: K. Sullivan, J. Bergeson, C. Dahl, C. Lyden, A. Neal
MEMBERS
ABSENT:
OTHERS
PRESENT: Brian Wessel, Mary Divine
CONSIDERATION OF MINUTES
EDA Member Neal moved to approve the minutes from the December 14, 1998 EDA
meeting. EDA Member Bergeson seconded the motion. Motion passed unanimously.
CONSIDERATION OF AGREEMENT RELATING TO DEVELOPMENT
CONTRACT AND MORTGAGE FINANCING, F&G, INC. (APOLLO BUSINESS
PARK
ACTION: EDA Member Bergeson moved to authorize the president and executive direct
to execute an agreement on behalf of the EDA for an additional $635,000 in connection
with permanent financing of Phase 3 of the F&G project. EDA Member Neal seconded the
motion. Motion passed unanimously.
ADJOURNMENT
EDA Member Neal moved to adjourn. EDA Member Dahl seconded the motion. Motion
passed unanimously.