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UNAPPROVED <br /> EDA Meeting#52 <br /> March 9, 1998 <br /> Page 2 <br /> 1 Mr.Jopke, Community Development Director,explained that Silverview Estates,Inc. is requesting tax <br /> 2 increment assistance in the amount of$1,070,000 to help finance their project on the southeast corner of <br /> 3 Silver Lake Road and Highway 10. He noted that the proposal is consistent with the city's tax increment <br /> 4 policy and it is staffs recommendation that Resolution No. 98-EDA86 be approved. <br /> 5 <br /> 6 MOTION/SECOND: Koopmeiners/Quick to approve Resolution No.98-EDA86,Approving Tax <br /> 7 Increment Assistance and Authorizing the Negotiation of a Development Assistance Agreement with the <br /> 8 Silverview Estates, Inc. <br /> 9 <br /> 10 VOTE: 5 ayes 0 nays Motion Carried <br /> 11 <br /> 12 6. REPORTS: <br /> 13 <br /> 14 Report of EDA Board Members: <br /> 15 <br /> 16 Report of President McCarty: No report. <br /> 17 <br /> 18 Report of Vice President Koopmeiners: No report. <br /> 19 <br /> 20 Report of Commissioners: <br /> 21 <br /> 22 Commissioner Quick: No report. <br /> 23 <br /> 24 Commissioner Stigney: No report. <br /> 25 <br /> 26 Report of Executive Director: No report. <br /> 27 <br /> 28 Report of Treasurer: No report. <br /> 29 <br /> 30 Report of Attorney: No report. <br /> 31 <br /> 32 7. ADJOURNMENT: <br /> 33 <br /> 34 MOTION/SECOND: Koopmeiners/Quick to adjourn the meeting at 9:55 p.m. <br /> 35 <br /> 36 VOTE: 5 ayes 0 nays Motion Carried <br /> 37 <br /> 38 Respectfully submitted, <br /> 39 <br /> 40 0 <br /> 41 Tamara D. Saefke <br /> 42 Recording Secretary <br /> 43 <br /> 44 <br /> 45 <br /> 46 <br /> 47 <br /> 48 <br />