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EDC Minutes <br />November 21, 2003 <br />Page 3 <br /> <br />6. EDC BUSINESS <br /> <br />A. Everest Development Request for Supplemental TIF Payments for Building N Project: Backman <br />briefly reviewed the request from Everest Development and the various attachments. In early <br />November Mr. Nelson submitted a request for supplemental TIF increment pertaining to Building <br />N in the M.V. Business Park. The Developer Agreement, which is a pay-as-you-go TIF <br />assistance, would be amended to allow for semiannual payments of $199,500 for four years <br />starting in 2006. This request will be considered by the EDC at its December meeting. <br /> <br />B. Other: Field asked about the status of the community survey and if the EDC’s position taken last <br />month had been communicated. Backman did relay the EDC’s position to Kurt Ulrich. No <br />decision has been made by the Council yet regarding the survey <br /> <br /> <br />7. ADJOURNMENT <br /> <br />There being no further business before the Commission, Belting adjourned the November 21st meeting <br />of the Economic Development Commission at 9:04 a.m. <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br /> <br /> <br />Aaron A. Backman <br />Economic Development Coordinator <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />\\Trout\CommDev\Economic Development\EDC\Minutes\Min03\11-21-03.doc