Laserfiche WebLink
•EDC Minutes �� <br /> March 27, 2002 App (-0vecrr- <br /> Page 3 <br /> • Sports is considering relocating its production activities to a more suitable building closer to the <br /> Twin Cities. Backman will keep the Commission informed about developments. <br /> C. Business Prospects: Abbey Carpet, a floor covering business currently located in New Brighton, <br /> is having to move its showroom. The owner of the store, John Kopas, has been in business for <br /> 29 years and has been looking for a visible location for a 10,000 sq. ft. showroom/warehouse <br /> facility. Backman has provided Mr. Kopas information regarding sites along Highway 10. <br /> Backman also discussed Minuteman Press and a building products/service company prospect. <br /> D. TIF Cash Flow Analysis: Backman highlighted key points in a TIF cash flow analysis undertaken <br /> by Ehlers & Assoc. There is a projected deficit for 2002. Interfund borrowing will likely be <br /> necessary. The TIF Cash Flow information will be revised and presented to the City Council. <br /> E. Ehlers Public Finance Seminar Info: Backman discussed TIF information garnered from the <br /> Ehlers Seminar in February. He distributed to the members copies of the TIF fundamentals. <br /> Field requested that the EDC receive the minutes from EDA meetings. Backman indicated he <br /> would include the minutes. <br /> 8. ADJOURNMENT <br /> There being no further business before the Commission, Chair Belting adjourned the March 27th <br /> meeting of the Economic Development Commission at 9:02 a.m. <br /> • Respectfully submitted, <br /> 1. <br /> Aaron Backman <br /> Economic Development Coordinator <br /> N:\DATA\GROUPS\ECONDEV\EDC\Minutes\Min02\3-27-02.doc <br />