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The summary of the report will be passed onto the Planning Commission through a memo from <br /> the EDC. <br /> • 6. Reports From Chair, Commissioners and Staff: <br /> Coordinator Bennett noted that Mounds View School District has set up a task force to explore <br /> the needs of the elementary schools in Mounds View. The task force will be reviewing the <br /> possibility of the City providing up front funds for expansion of the schools using tax increment <br /> financing. These funds will be repaid over time from the School District. A representative from <br /> the EDC is requested to sit on the task force which will meet 3-4 times between March and May <br /> 1995. <br /> The EDC's input is valuable since the school's proposal involves the use of TIF funds. <br /> Motion/Second: Schmidt/Welsch move to assign Dan Nelson as the EDC representative on the <br /> task force. <br /> 6 ayes 0 nays <br /> Motion Carried <br /> 7. Adjournment <br /> There being no further business before the Commission, this meeting of the Economic Development <br /> Commission adjourned at 7:25 p.m. <br /> Res,�ctfully Submitte, <br /> • <br /> // rl <br /> Economic Develop4ent Coordinator <br /> • <br /> 3 <br />