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Mounds View EDA April 11, 2005 <br />Regular Meeting Page 5 <br /> <br />View since 1972 and lived in Mounds View for 11 years. He stated the Medtronic has been a <br />customer of his for over 20 years. He stated that the image of having Medtronic in Mounds View <br />would be good for the community. He stated he is planning a hotel addition because of <br />Medtronic moving in. He stated if it wasn’t for the golf course, Mounds View might not have a <br />4 percent franchise fee that everyone is paying right now. He stated that the gas utilities for the <br />Mermaid alone is $150,000, and 3 percent of that goes to the franchise fee for NSP. He stated <br />that bringing Medtronic in is going to be worth over $100 million to the tax base, even if 35 <br />percent of it is being paid by TIF over a 25-year period of time. He stated that that leaves $75 <br />million worth that is going to be entering the tax base that is going to be paying the school <br />district, going to taxation, and that might even put a separate coffer in for new roads to be built in <br />Mounds View. He stated he would stand behind Medtronic coming in 100 percent. <br /> <br />Tim Mazzoni, 1520 – 23rd Avenue NW, New Brighton, stated he is a retired professor from the <br />University of Minnesota, College of Education, Human Development, and he wanted to speak <br />for the kids in the area who find that golf course to be a wonderful opportunity involving skills, <br />attitude, and behavior, which are attributes prized by adults. He stated the youth program there <br />has been recognized at the state and national levels, and it works for the youth. He applauded <br />Medtronic for the kind of company it is, but there will be thousands of youth using the golf <br />course in the future. <br /> <br />Shannon Meyer, 11363 Fergus St., Blaine, stated she is the President of the Twin Cities North <br />Area Chamber of Commerce, and she felt that as far as economic development, the Medtronic <br />facility would not just bring a business to the community, but it would enhance the local <br />communities with increased traffic, and it would increase the number of students attending the <br />schools. She stated there are many positives for the golf course as well, but they need to focus on <br />the fact that there are numerous golf courses, including the golf course in Blaine and the National <br />Youth Golf Course, which was specifically built for children. She encouraged the Council to <br />look at the Medtronic site as a wonderful asset to the community. <br /> <br />Tom Field, 8409 Knollwood Drive, stated he is in support of pursuing investigation of the <br />Medtronic sale. He stated property taxes had increased 25 and 30 percent in the past two years, <br />and they need to bring some businesses back to Mounds View. <br /> <br />Dave Jahnke, 8428 Eastwood Road, stated he is in favor of Medtronic because it’s a good <br />company, and it is a clean business. He asked what the survey result was. <br /> <br />Vice President Stigney stated that the survey result showed 63 percent of the people supported <br />development of Medtronic. <br /> <br />Mr. Jahnke stated that Medtronic doesn’t depend on the weather, and the golf course is over $4 <br />million in debt to the city. He stated that Medtronic would be a very solid investment, and he <br />wouldn’t foresee them not making money.