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no n <br /> VunuvED <br /> EDA Page 40 <br /> Third Meeting May 9, 1 <br /> Mayor Linke closed the public hearing at 9 : 35 p.m. <br /> MOTION/SECOND: Blanchard/Trude to Adopt Resolution No. 94-EDA3 Approving <br /> Economic Development Project and Tax Increment Financing Amendments <br /> VOTE: 5 ayes 0 nays Motion Carried <br /> EDA BUSINESS <br /> A. Consideration of Setting a Meeting of the EDA for Monday, <br /> May 23 , 1994 , Directly Following the Mounds View City Council <br /> Meeting <br /> MOTION/SECOND: Wuori/Trude to Set a Meeting of the EDA for Monday, <br /> May 23 , 1994 , Directly Following the Mounds View City Council <br /> Meeting <br /> VOTE: 5 ayes 0 nays Motion Carried <br /> REPORTS <br /> 1 . Report of President Linke: No report. <br /> 2 . Report of Vice President Blanchard: No report. • <br /> 3 . Report of Secretary Wuori : No report. <br /> 4 . a . Report of Commissioner Quick: No report. <br /> b. Report of Commissioner Trude: No report. <br /> 5 . Report of Executive Director Orduno: <br /> Orduno reported that the Park Dedication Fee issue was discussed at <br /> the EDA Work Session regarding Multi Tech and C. G. Hill <br /> Properties. Staff requests that EDA authorize an appraisal of the <br /> properties in question to obtain fair market values on which to base <br /> park dedication fees that could be included in the Development <br /> Agreement at a cost not to exceed $5 , 000 . <br /> MOTION/SECOND: Linke/Wuori Authorizes Staff to Obtain Immediate <br /> Fair Market Value Appraisals of the Multi Tech and C. G. Hill <br /> Properties at the Lowest Possible Cost <br /> VOTE: 5 ayes 0 nays Motion Carried <br /> Councilmember Trude asked who would pay for these appraisals. <br /> Orduno reported that this would come from the TIF fees. • <br />