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Mounds View EDA June 27, 2005 <br />Regular Meeting Page 5 <br /> <br />Dan Hall, 2200 Highway 10, suggested that everyone should back up a bit. He noted that one of <br />the reasons this whole problem with golf course is being discussed is because it is currently <br />losing money. He further clarified that the main focus for the city right now is to review various <br />avenues to increase revenue for the city without raising taxes. He stated that they are all aware <br />that there are no streets currently in the City of Mounds View that are worthy of being fixed, they <br />should be replaced. He stated that it is his understanding that they are talking about a potential <br />addition of $5 million that could be used that is not even part of the overall profit that would be <br />made from the sale of the golf course after all debts have been paid. He stated that it is his <br />understanding that this would be in addition to the approximate $5 million from the sale to equal <br />$10 million that could be used at the City’s discretion for street improvements. <br /> <br />President Marty asked Mr. Hall where he came up with the additional $5 million. <br /> <br />Mr. Hall stated that Mr. Backman was just discussing it. <br /> <br />Mr. Backman clarified the bonding bill stating that while there is a lot of latitude on the bonding <br />bill it is clear with all parties that the funds are to be used for the County Road J reconstruction. <br /> <br />Mr. Hall stated that the big thing they are doing is trying to determine what is best for the City of <br />Mounds View. He expressed concerns stating that the city is not currently in a moneymaking <br />situation they are in a money-losing situation. He indicated that he has discussed this issue with <br />many individuals and it is his understanding that the word is that once real numbers are made <br />available, in black and white, a decision can then be made based on what is in the best interest <br />for the City of Mounds View. He stated that he has also discussed this issue with Ehlers noting <br />that after that conversation he felt very good about the money spent for Ehlers and the work they <br />have done. He stated that people could try to say it is misleading adding that if there is anything <br />misleading with Ehlers it’s the 3-percent gross they used on the growth period. He stated that it <br />appears to be very clear that this is an overwhelming and substantial bonus for the City of <br />Mounds View and urged the Commission to do what is best for the City now and for thirty years <br />from now. <br /> <br />Bob Glazer, 2625 Hillview Road, stated that he would like to comment on the 3000 jobs being <br />created in Mounds View. He stated that it is his understanding that Medtronic would be closing <br />six facilities and the employees would transfer from the closed facilities to the Mounds View <br />location and the net increase would be zero except for the growth projection of 300 jobs per year. <br /> He stated that he wants it to be clear that this would bring 300 new jobs not 3000. <br /> <br />President Marty further clarified that it would be 3000 existing positions that would be new to <br />Mounds View and confirmed that they are not creating 3000 new jobs. <br /> <br />Jon McKusick, 8465 Eastwood Road, referenced an article from the Pioneer Press that states <br />approximately $24 million TIF money is expected to be spent on this project and another $11