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<br />M:\MASTERFILES\EDC MINUTES-RESOLUTIONS\EDC MINUTES\1997\EDCMIN11.DOC <br /> <br /> 1 <br />Minutes of the Economic Development Commission <br />City of Mounds View <br />Ramsey County, Minnesota <br /> <br />Regular Meeting <br />November 20, 1997 <br />City of Mounds View, Council Chambers <br />2401 Highway 10, Mounds View, MN 55112 <br /> <br /> <br />1. CALL TO ORDER: <br /> <br />The meeting was called to order at 7:40 a.m. by Director of Economic Development, Cathy <br />Bennett in the absence of a chair or vice chair at the beginning of the meeting. <br /> <br />2. ROLL CALL: <br /> <br />Members Ron Schmidt, Rosemary Goff, Tom Field, Steve Larson and Cindy Carlson were <br />present. Dir. of Economic Development Cathy Bennett was present. Members Dan Nelson <br />and Brian Sjoberg and Liaison Duane McCarty and Alternate Liaison Gary Quick were <br />absent. <br /> <br />3. APPROVAL OF MINUTES: <br /> <br />Motion/Second: Goff/Schmidt moved approval of Minutes from October 28, 1997. <br /> <br />Motion Carried 4 ayes 0 nays <br /> <br />Carlson was not present at this time <br /> <br />4. SPECIAL BUSINESS <br /> <br />No special business. <br /> <br />5. EDC BUSINESS: <br /> <br />A. Consideration of Tax Increment Request by Pelstring Capital <br /> <br />Director Bennett noted that she had contacted the Director of Administration for <br />Sims Deltec and had a meeting with Principals of Fiscars/Portable Products to <br />understand their needs and expectations regarding the request from Pelstring <br />Capital, acting on the behalf of CALPERS, for a grant of $700,000 to assist in the <br />retention of Portable Products, a division of Fiscars, in the Mounds View Business <br />Park building A. Sims Deltec remains neutral on the matter but could see benefit to <br />their company if they were asked to move with potential expansion at the same <br />time. In the meeting and plant tour of Portable Products Bennett can substantiate <br />their need to expand but did not get a sense of what the corporate office plans were <br />for expansion if the City did not support the request. Bennett communicated the <br />difficulty with the request from the City=s perspective and suggested that they