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Mounds View EDA June 27, 2005 <br />Regular Meeting Page 6 <br /> <br />million is expected to be spent to purchase the property in Blaine, Pomps Tire and Blaine <br />Brothers property, for their parking lot. He asked why the City of Blaine wouldn’t be doing this <br />and why is Mounds View giving money to Medtronic to purchase this property. <br /> <br />Mr. Backman clarified stating that the $24 million figure should actually be $14.8 million, which <br />is the agreed upon amount for TIF. He stated that to make the project doable and to <br />accommodate the campus they are looking at acquiring some properties located in Blaine. He <br />stated that the buildings would be built in Mounds View and the parking lots would be created on <br />property that is actually located in Blaine. <br /> <br />City Administrator Ulrich further clarified that the $24 million was their total TIF eligible <br />expenses and they are only being reimbursed $14.8 million per the proposed agreement. He <br />stated that Mounds View expenditures would come off the top of that and noted that at the <br />bottom of all that is the $11 million of land in Blaine but the remaining $24 million expenditures <br />would be Mounds View generated expenditures. He stated that because this development is <br />located on a border and could potentially impact two Counties and three Cities, special <br />legislation was put into place that allows the expenditures generated within this district to be <br />spent outside of the district. <br /> <br />Commissioner Thomas further clarified that Medtronic gets $14.8 million from the tax district. <br />She stated that they have over $24 million that they can use the money on but have to use all of <br />the money in Mounds View first and then they can use it on anything they have above that. She <br />assured the residents that they would never get the opportunity to use the increment dollars in <br />Blaine because there won’t be anything left. <br /> <br />Valerie Amundsen, 3048 Wooddale Drive, stated that while reviewing city policies on the city <br />website she came across a section relating to the use of business subsidies under the General <br />Policy section that states that business subsidies should not be used for projects that would place <br />an extraordinary demand on the city infrastructure and services. She stated this causes her some <br />concern noting that last Monday it was stated that there would be an additional cost of $80,000 <br />for the city in order to have this large business located on City land. She stated that it is very <br />naïve to think that the city costs would only be this much when considering police and fire <br />services. She asked the Commission to take a step back and review the costs. She stated that her <br />main concern is that the main discussion about this has not been happening in a public forum due <br />to negotiations. She stated that if they are making any decisions tonight she wants to see them <br />discuss, intensely, all of the issues brought up by the residents. She stated that she wants to feel <br />that all five of the Commissioners understand all of the issues that this project entails. She stated <br />that she does not feel that the residents have seen them really engage noting that this is a huge <br />issue and impact on this City. She stated that she wants to go home really feeling that the <br />Commission has really discussed all of the issues and have all the answers. She stated that all <br />questions should be answered and if not they should table it until they do have all the answers. <br />She stated that she would also like to know the reasons behind each of their votes.