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Draft EDC Minutes <br />May 20, 2011 <br />Page 2 of 2 <br /> <br />Mounds View Business Park North. The amendment added religious institutions as a <br />permitted use of the property. Therefore, Bethlehem Baptist Church was able to move into <br />“Building N”. Since religious institutions are tax-exempt, the church offered to provide bi- <br />annual donations of about $2,500 to the EDA until the year 2014. The church requested <br />that the EDA expend the funds towards economic development activities within Mounds <br />View. <br /> <br />The EDC discussed ideas for ways the EDA could use these funds. The EDC’s consensus <br />was to suggest that the EDA allow the dollars accumulate through the end of the year 2013 <br />because that is when the donations cease and that the EDA should use the funds towards <br />new signage for County Road 10. The EDC discussed that about $12,500 in funds would <br />accumulate between now and 2013, which would not cover the entire cost of new signage. <br /> <br />B. Discuss Possible EDC Resolution Regarding the Development of the Proposed Minnesota <br />Vikings Multi-Purpose Facility on the TCAAP Site in Arden Hills <br />The EDC discussed this item at length. They asked City staff to draft a resolution stating <br />that the EDC wants to remain notified and involved in the City of Mounds View’s discussions <br />about the proposed stadium development on the TCAAP site in Arden Hills. <br /> <br />Ms. Steinmetz invited the EDC to attend the Monday, June 6th City Council Work Session <br />since the City Council would be discussing the proposed Vikings facility at the June 6th <br />meeting. <br /> <br />7. REPORTS OF COMMISSIONERS <br /> <br />Commissioner Helgemoe promoted the Twin Cities North Chamber’s upcoming golf <br />tournament fundraiser on June 9th at Bunker Hills. He also provided a recap of the May 11th <br />Mounds View Business Council meeting when Councilmember Mueller attended to promote <br />the 5th Annual Car Show at Festival in the Park on August 20, 2011. <br /> <br />Chair Johnson said that the Irondale High School Boys Baseball team is having a <br />community garage sale this weekend (May 20-22). <br /> <br />8. REPORTS OF STAFF <br /> <br />City staff provided the EDC with updates/announcements regarding Mounds View Business <br />News and Available Business Sites in Mounds View. <br /> <br />9. NEXT REGULAR EDC MEETING <br /> <br />The next regular EDC meeting was scheduled for Friday, June 17, 2011 at 7:30am. <br /> <br />10. ADJOURNMENT <br /> <br />There being no further business, the May 20, 2011 meeting adjourned at 8:48am. <br /> <br />Respectfully submitted, <br /> Heidi Steinmetz, Economic Development Specialist