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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />it <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />Mounds View EDA May 8, 2017 <br />Regular Meeting Page 3 <br />administrative fee. Executive Director Ericson reported the City would be keeping a 10% <br />administrative fee. <br />President Mueller questioned what the proposed value of the project would be after it was built. <br />Business Development Coordinator Beeman stated he was uncertain given the fact land values <br />and construction costs were yet to be determined. <br />Ayes — 5 Nays — 0 Motion carried. <br />8. REPORTS <br />None. <br />9. NEXT EDA MEETING: Monday, May 22, 2017 <br />10. ADJOURNMENT <br />President Mueller adjourned the meeting at 9:49 p.m. <br />Respectfully submitted, <br />Recorded and transcribed by: <br />Heidi Guenther <br />TimeSaver Off Site Secretarial, Inc. <br />