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Mounds View EDA June 9, 2003 Regular Meeting Page 2 Economic Development Coordinator Backman indicated that Staff had obtained bids for the soil borings and provided the pricing information to the EDA. Commissioner Marty arrived at 6:37 p.m. Vice President Stigney asked whether the TIF funds to be used were the excess TIF Funds or the Community Development Funds. Interim City Administrator Ericson indicated that the City would be utilizing dollars from the EDA account funded through the TIF districts. MOTION/SECOND: Stigney/Gunn. To Waive the Reading and Approve Resolution 03-EDA- 174, a Resolution Approving the Contract Award for Geotechnical Exploration for a Residential Development on Lots 34 through 50 on County Road H2. Ayes – 4 Nays – 0 Motion carried 7. REPORTS Economic Development Coordinator Backman indicated that Staff was asked to define a set of criteria for selecting a developer. He then provided the information to the EDA and reviewed it with them. He also noted that Dave Regel is no longer interested in being included in the project. Economic Development Coordinator Backman reviewed the list of seven questions that were posed to the developers and compared their answers to those questions. He then asked whether the EDA felt the information was adequate and whether the EDA was prepared to choose a developer or wished to obtain further information. Gary Nordness representing Procraft addressed the EDA and reviewed their plans for the project. Commissioner Marty indicated he liked concept plan A and asked who owned the property behind the existing home in plan B. The developer indicated that Mr. Vik owns that property and has expressed an interest in selling it. Jim Claremont of Homes by James addressed the EDA and provided a brief history on himself and his company along with over viewing his plans for the project. Vice President Stigney asked for Staff’s recommendation on choice of developer.