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Minutes of the Economic Development Commission City of Mounds View Ramsey County, Minnesota Regular Meeting September 15, 2006 City of Mounds View, Council Chambers 2401 Highway 10, Mounds View, MN 55112 1. CALL TO ORDER: Chairperson Torri Johnson called the meeting to order at 7:38 a.m. 2. ROLL CALL: Members Present: Greg Belting, Jason Helgemoe, Jerry Jaker, Gary Meehlhause Members Absent: Jackie Entsminger, Tom Field, Torri Johnson, Staff Present: Economic Development Coordinator Aaron Backman Others Present: None. 3. APPROVAL OF EDC MINUTES: Motion/Second: Belting made a motion to approve the May 19, 2006 minutes. Seconded by Jaker. Approved 4 to 0. 4. SPECIAL BUSINESS A. None. 5. EDC BUSINESS A. Transportation Constitutional Amendment. Backman introduced the featured speaker, Bruce Nustad, President,Twin Cities North Chamber of Commerce. Mr. Nustad presented a power point presentation that discussed the constitutional amendment that will be before the voters of Minnesota this fall. A coalition of businesses has been lobbying for its passage. Currently only 54% of the existing motor vehicle sales tax revenue is being spent on transportation and there is no dedicated revenue source for public transit. If the amendment is approved, 100% of the revenue will go to highways and public transit. More than $300 million per year will be available and it would be phased in over five years. The allocation of funds would be up to 60% for roads and bridges and at least 40% for public transit. During the presentation Johnson arrived to the meeting. Backman and Nustad responded to commissioner questions regarding the amendment. Questions pertained to phase-in process, the allocation of resources and potential effects on other state programs, such as education. Following discussion, Johnson moved to recommend to the Mounds View EDA that it support the passage of the proposed transportation constitutional amendment. Seconded by Belting. Motion passed 5 to 0.