HomeMy WebLinkAbout10-27-2003 EDA MinutesCITY OF LINO LAKES 1
ECONOMIC DEVELOPMENT AUTHORITY 2
MINUTES 3
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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
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CONSIDERATION OF MINUTES OF SEPTEMBER 23, 2003 13
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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
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CONSIDERATION OF RESOLUTION NO. 03-08 DECERTIFYING TAX INCREMENT 18
FINANCING DISTRICT NO. 1-6 19
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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
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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
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Motion carried. EDA Member Reinert absent. 27
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CONSIDERATION RESOLUTION NO. 03-09 DECERTIFYING TAX INCREMENT 29
FINANCING DISTRICT NO. 1-7 30
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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
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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
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Motion carried unanimously. 38
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CONSIDERATION OF RESOLUTION NO. 03-10 DECERTIFYING TAX INCREMENT 40
FINANCING DISTRICT NO. 3-1 41
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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
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EDA MINUTES OCTOBER 27, 2003
DRAFT
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EDA Member Bergeson moved to adopt Resolution No. 03-10 decertifying Tax Increment Financing 46
District No. 3-1, Clearwater Creek Development Center. EDA Member Dahl seconded the motion. 47
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Motion carried unanimously. 49
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ADJOURNMENT 51
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There being no further business, EDA Member O’Donnell moved to adjourn. EDA Member Dahl 53
seconded the motion. Motion passed unanimously. 54
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Meeting adjourned at 6:12 p.m. 56
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Transcribed by: 64
Karen Whaley 65
TimeSaver Off Site Secretarial, Inc. 66
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