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PROCEEDINGS OF THE MOUNDS VIEW • ECONOMIC DEVELOPMENT AUTHORITY Meeting No.34 April 14, 1997 Mounds View City Hall 2401 Hwy. 10,Mounds View MN 55112 *********************************************************************************** CALL TO ORDER The Economic Development Authority was called to order by President McCarty on April 14, 1997 at 9:08 p.m. ROLL CALL MEMBERS PRESENT: Duane McCarty,Julie Trude,Gary Quick,Roger Stigney,Roger Koopmeiners, Director of Economic Development Cathy Bennett,Clerk Administrator Chuck Whiting and City Attorney Bob Long. OTHERS PRESENT: None APPROVAL OF AGENDA: MOTION/SECOND: Trude/Koopmeiners to Approve the Agenda as presented. VOTE: 5 ayes 0 nays Motion Carried • Ms.Bennett noted that it would be necessary to schedule an EDA meeting for April 28, 1997 at 6:45 p.m.to consider a Resolution in regard to Tax Increment Financing Plan for the Bel Rae property. MOTION/SECOND: Trude/Koopmeiners to schedule an EDA meeting for April 28, 1997 at 6:45 p.m. VOTE: 5 ayes 0 nays Motion Carried APPROVAL OF MINUTES: It was noted that the minutes of the March 10, 1997 meeting were not included in the agenda packet. CONSENT AGENDA: There were no items on the Consent Agenda. PUBLIC HEARINGS: There were no Public Hearings scheduled for this meeting. EDA BUSINESS: A. Consideration of Resolution No.97-EDA-63 Approving and Authorizing the Execution of a Development Assistance Agreement with Kenmark Partnership,LLC. Ms.Bennett noted that Zep Manufacturing has requested$150,000 in tax increment assistance for the construction of a 25,000 square foot office/warehouse building at the corner of Coral Sea Street and Court • Road J. This assistance would allow the developer to capture a ten year lease for Zep Manufacturing.