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• EDA Meeting#52 <br /> March 9, 1998 <br /> Page 2 <br /> Mr.Jopke,Community Development Director,explained that Silverview Estates,Inc.is requesting tax <br /> increment assistance in the amount of$1,070,000 to help fmance their project on the southeast corner of <br /> Silver Lake Road and Highway 10. He noted that the proposal is consistent with the city's tax increment <br /> policy and it is staff's recommendation that Resolution No.98-EDA86 be approved. <br /> MOTION/SECOND: Koopmeiners/Quick to approve Resolution No. 98-EDA86,Approving Tax <br /> Increment Assistance and Authorizing the Negotiation of a Development Assistance Agreement with the <br /> Silverview Estates,Inc. <br /> VOTE: 5 ayes 0 nays Motion Carried <br /> 6. 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 Commissioners: <br /> • Commissioner Quick: No report. <br /> Commissioner Stigney: No report. <br /> Report of Executive Director: No report. <br /> Report of Treasurer: No report. <br /> Report of Attorney: No report. <br /> 7. ADJOURNMENT: <br /> MOTION/SECOND:Koopmeiners/Quick to adjourn the meeting at 9:55 p.m. <br /> VOTE: 5 ayes 0 nays Motion Carried <br /> Respectfully submitted, <br /> Tamara D. Saefke <br /> Recording Secretary <br /> 4111 <br />