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B. <br />6. <br />Motion/Second: Goff/Walther moved to keep the "Resources to Support Economic Development' section as <br />presented at the in the July 22, 1999 meeting. <br />Motion Carried 3 ayes 1 nays (Olsen Dissenting) <br />With the aforementioned issues resolved, Chair Carlson asked for a motion to approve the Economic <br />Development Section of the 1999 Mounds View Comprehensive Guide Plan. The following motion was <br />presented. <br />Motion/Second: Walther/Goff moved to approve the Economic Development Section of the 1999 Mounds <br />View Comprehensive Guide Plan. <br />Motion Carried 3 ayes 1 nays (Olsen Dissenting) <br />Olsen requested that the minutes reflect her dissent was not based on the plan as a whole, but on particular <br />components within the plan. <br />Discussion of TIF Options <br />Economic Development Coordinator Kevin Carroll discussed the desire of the Economic Development <br />Authority to gain the Economic Development Commissions insight into tax increment financing. He proceeded <br />to outline the various alternatives that have been developed with regard to tax increment financing. These <br />alternatives include continuing the current practice, use the current practice but set a ceiling on the amount of <br />funds which go into the TIF pool for use on discretionary projects, and return all increment not pledged for <br />current obligations to Ramsey County for redistribution. Finance Director Kessel provided further clarification <br />on the potential alternatives. <br />Economic Development Coordinator Kevin Carroll discussed the various options for approaching the <br />discussion of TIF including the need for a historical perspective, operational considerations, TIF funded <br />programs, the use of future TIF funds. <br />Chair Carlson indicated that the TIF policy has been reviewed as recently as 1997. She suggested that a joint <br />meeting, or series of meetings be conducted with both the Economic Development Commission and the <br />Economic Development Authority. It was agreed that staff would get back to the Commission with a potential <br />date. <br />Reports From Chair, Commissioners and Staff: <br />Adjournment <br />There being no further business before the Commission, this meeting of the Economic Development <br />Commission adjourned at 9:20 a.m. <br />Respectfully Submitted, <br />Aaron Parrish <br />Economic Development Coordinator <br />1 N:\DATA\GROUPS\ECONDEV\EDC\Minutes\MIld99\August26th.doe <br />