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EDA Meeting#41 APPD ED <br /> August 11, 1997 • <br /> Paget <br /> 1 Commissioner Trude stated she feels more time needs to be spent looking at alternative uses for the site that is <br /> 2 being looked at'for multi-family housing and if that project appears to be going forward,she feels the city <br /> 3 should complete a thorough check on all of the projects that the developer was involved in at other areas. She <br /> 4 believes time needs to be spenton that project before the city starts considering other projects <br /> 5 proposed for the soccer field site. <br /> 6 <br /> 7 MOTION/SECOND Quick/Koopmeiners to Approve the Exclusive Negotiations Agreement by and between <br /> 8 the Mounds View Economic Development Authority,City of Mounds view and Anthony Properties. <br /> 9 <br /> 10 VOTE 2 ayes 2 nays(Trude/Stigney) Motion Fails <br /> 11 <br /> 12 Discal Ion on the use of Tax Increment Financing for Multi-Family Housing in Mounds View. <br /> 13 <br /> 14 Commissioner Trude noted that within the next few weeks,the city will be looking at using tax increment funds <br /> 15 for multi-family housing. She feels that the city has always looked at the use of TIF funds as a way to improve <br /> 16 the community's tax base. The legislature has begun limiting the use of TIF funds and there is a big emphasis <br /> 17 on looking for projects that create jobs and increase the tax base., She thinks the council should consider what <br /> 18 the ramifications are of using excess TIFfunds for projects such as multi-family housing. <br /> 19 <br /> 20 MOTION/SECOND: Trude/Stigney to limit the use of tax increment funds for multi-family housing projects <br /> 21 in Mounds View. <br /> 22 411 <br /> : <br /> 23 VOTE: . 2 ayes 2 nays(Quick/Koopmeiners) Motion Fails <br /> 24 <br /> 25 REPORTS: <br /> 26 <br /> 27 Report of EDA Board Members: <br /> 28 <br /> 29 Report of President McCarty No report <br /> 30 <br /> 31 Report of Vice President Koopmeiners, No report <br /> 32 <br /> 33 J eoortof Secretary Trude: No report <br /> 34 <br /> 35 Report Qf Comtpissioners: <br /> 36 <br /> 37 Commissioner Quick: No report. <br /> 38 <br /> 39 Commissioner Stigney: No report <br /> 40 <br /> 41 Report of Executive Director No report <br /> 42 <br /> 43 Report of Treasurer: No report <br /> 44 <br /> 45 Report of Attorney No report <br /> 46 <br /> 47 The August 11, 1997 meeting of the IDA was adjourned at 9:09 p.m. <br /> 48 <br /> 49 Respectfully submitted, <br /> oarr , / <br />