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PROCEEDINGS OF THE MOUNDS VIEW CITY COUNCIL CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Special Joint Meeting EDA and City Council June 20, 2005 Mounds View Community Center Banquet Center, 5394 Edgewood Drive, Mounds View, MN 55112 6:00 P.M. 1. MEETING IS CALLED TO ORDER AT 6:22 P.M. 2. ROLL CALL: Marty, Stigney, Gunn, Flaherty, and Thomas NOT PRESENT: None. 3. APPROVAL OF THE AGENDA MOTION/SECOND: Gunn/Flahery. To Approve the Monday, June 20, 2005 agenda as presented. Mayor Marty opened both public hearings at 6:24 p.m. 4. INTRODUCTION A video regarding The Bridges Golf Course was shown to the audience. 5. OVERVIEW OF PROPOSAL (City Administrator Kurt Ulrich) City Administrator Ulrich stated the project involved the sale and development of 72.2 acres of land known as The Bridges Golf Course to Medtronic Corporation for a CRM corporate campus. He stated the project required consideration and approval of a development agreement and tax increment financing assistance. He noted the City was first approached by CRESA partners in July of 2004. He reviewed the action items that would need to be approved by the City/EDA and the history of the project. He summarized the impacts of the project including financial, economic, environmental, airport, city services, and traffic. 6. REVIEW OF ALTERNATIVES (Community Development Director Jim Ericson) Community Development Director Ericson summarized other options/alternatives for The Bridges Golf Course. He indicated option one was the “do nothing” approach and keeping the golf course as was, reaping the benefits of the twenty-year billboard leases. The second option was to keep the golf course and sell the driving range. The third option was to keep the golf course, sell the driving range, and build a new driving range. The fourth option was to relocate