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City of Mounds View Staff Report <br /> October 10, 1997 <br /> Page 4 <br /> development agreement. What followed was discussions back and forth on how the development 1111 <br /> assistance agreement would be structured. Specifically the issues included the substantiation of <br /> reimbursable costs and putting a cap on the amount of increment collected. The final terms were <br /> not agreed upon by both parties therefore the negotiations once again failed. <br /> The developer once again initiated consideration of the development assistance agreement <br /> accepting most of the terms presented above and an appraisal was issued on the property by the <br /> City. Also at this time the EDA requested that the developer submit a deposit for further <br /> evaluation of the agreement prior to the continuation of negotiations. A deposit of$1,000 was <br /> submitted and staff proceeded to put together a revised agreement. This lead to the meeting in <br /> August when the item was tabled by the EDA. <br /> • <br /> • <br />