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Mounds View EDA July 14, 2003 <br />Regular Meeting Page 8 <br /> <br />domain because he does not believe in that and Staff has indicated that the City is not planning <br />on using it. <br /> <br />President Linke indicated that the document just leaves that as an option but the City has said it is <br />not going to use it. <br /> <br />Economic Development Coordinator Backman clarified that eminent domain is an option of last <br />resort and the City does not anticipate using it at all. <br /> <br />MOTION/SECOND: Marty/Gunn. To Approve the Draft County Road H2 Pre-Development <br />Agreement Between the City of Mounds View and Pro Craft Homes with Option 1 Having the <br />City Construct the Street and Utilities and all Costs Recovered through Assessments Placed on <br />the Lots Within the Development. <br /> <br />Vice President Stigney indicated that the agreement does not list what plan is to be used and he <br />asked whether that should be addressed. <br /> <br />Economic Development Coordinator Backman indicated that this is a pre-development <br />agreement and the details will be refined as the process moves forward. <br /> <br /> Ayes – 4 Nays – 1(Quick) Motion carried. <br /> <br />C. Resolution Recommending Approval of the Acquisition of Tax Forfeited <br />Property, described as Lot 36, Knollwood Park, from Ramsey County for <br />$68,901.14 <br /> <br />Economic Development Coordinator Backman reviewed how the parcel became available and <br />indicated the City is able to purchase the property from Ramsey County for $68,901.14. He then <br />recommended utilizing TIF funds to do so. <br /> <br />Interim City Administrator Ericson indicated that the City could not utilize TIF funds because, <br />according to the State Auditor, the City cannot move forward with any TIF purchases unless the <br />plan designates it. He then said that the City could utilize funds from the special projects fund as <br />this is a short term expenditure and the City would be reimbursed by the developer for the <br />property. <br /> <br />Vice President Stigney asked whether the costs needed to be established on paper with the <br />developer. <br /> <br />Economic Development Coordinator Backman indicated that the Agreement approved does not <br />discuss the terms of the lot purchase. <br />