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<br /> <br /> 1 <br />Minutes of the Economic Development Commission <br />City of Mounds View <br />Ramsey County, Minnesota <br />Regular Meeting <br />October 28, 1997 <br />City of Mounds View, Council Chambers <br />2401 Highway 10, Mounds View, MN 55112 <br /> <br /> <br />1. Call to Order: <br /> The meeting was called to order at 6:09 p.m. by Chairperson, Dan Nelson. <br /> <br />2. Roll Call: <br /> Members Dan Nelson, Ron Schmidt, Rosemary Goff, Tom Field and Steve Larson were present. Dir. of Economic Development Cathy Bennett and EDA Liaison Duane McCarty were present. Members Cindy Carlson and Brian Sjoberg and Alternate Liaison Gary Quick were absent. <br />3. Approval Of Minutes: <br /> <br />Motion/Second: Goff/Larson moved approval of Minutes from August 28, 1997 as amended by Carlson. <br /> <br />Motion Carried 5 ayes 0 nays <br />4. Special Business <br /> <br />Chair Nelson introduced and welcomed new EDC members Steve Larson and Tom Field. Mr. Larson is filling Delane Welsch=s term which expires December 31, 1997 and Mr. Field is filling Bev Tarhark=s term which expires December 31, 1998. Mr. Larson is a long term resident who=s phone number has been the same since he was a small child. He is a stock broker and has an interest in the business issues in the community and feels he can contribute with is background in business financing. Mr. Field is also a long term resident who is a business banker. He also has an interest in contributing to the EDC and feels confident that he can provide valuable insight with his professional experience. <br /> <br />5. EDC BUSINESS <br />A. Consideration of Tax Increment Request by Pelstring Capital <br /> <br />Director Bennett gave a brief summary of the request from Pelstring Capital, acting on the behalf of CALPERS, for a grant of $700,000 to assist in the retention of Portable Products, a division of Fiscars, in the Mounds View Business Park building A. The grant request is to help move Sims Deltec who is located in Building A where Portable Products would like to expand into. Director Bennett explained that staff has met with Pelstring Capital to come up with other alternatives instead of a grant request but, according to CALPERS, who is the owner of the building, there is no other alternative financially feasible for them. <br />