Laserfiche WebLink
EDA Meeting#36 <br /> May 12, 1997 <br /> • Page 3 <br /> The EDA will control the TIF funds,and the money will be loaned to the city/developer for the city's portion of <br /> the Bel Rae Community Center. <br /> MOTION/SECOND: Trude/Quick to Approve Resolution NO.97-EDA-68,Resolution Granting Final <br /> Approval for Expenditure of Tax Increment Funds to Finance the City's Cost in Connection with the Bel Rae <br /> Community Center Project and Authorizing the EDA to Enter into a TIF Loan Agreement with the City to <br /> Provide TIF Financing Assistance. <br /> VOTE: 5 ayes 0 nays Motion Carried <br /> REPORTS: <br /> Report of EDA Board Members: <br /> Report of President McCarty: No report. <br /> Report of Vice President Koopmeiners: No report. <br /> Report of Secretary Trude: No report. <br /> Report of Commissioners: <br /> • Commissioner Quick: No report. <br /> Commissioner Stigney: No report. <br /> Report of Executive Director: Ms.Bennett noted that the New Brighton/Mounds View Chamber of <br /> Commerce Luncheon will be held on June 5, 1997 from 11:35 a.m.to 1:30 p.m.at the New Brighton Family <br /> Service Center. She urged attendance of the EDA members. <br /> Report of Treasurer: No report. <br /> Report of Attorney: No report. <br /> President McCarty declared the meeting of the Economic Development Authority adjourned at 11:45 p.m. <br /> Respectfully submitted, <br /> Tamara D. Saeike <br /> Recording Secretary <br /> • <br />