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Mounds View EDA August 22, 2005 Regular Meeting Page 14 MOTION/SECOND: Thomas/Stigney. To waive the reading and adopt EDA Resolution 05- EDA-208A, Approving the Elimination of Parcels from Tax Increment Financing District No. 3 located within the Mounds View Economic Development Project in the City of Mounds View, removing parcel 05-30-23-22-0004, the triangular property, from TIF District No. 3. President Marty asked that the signature line of the resolution be changed from “Chair” to “President”. Ayes –4 Nay – 1 (Marty) Motion carried. President Marty indicated he would like to amend the resolution in reference to the Planning Commission’s lack of recommendation. Commissioner Thomas stated the motion must first be moved prior to an amendment being made. MOTION/SECOND: Gunn/Stigney. To waive the reading and adopt EDA Resolution 05-EDA- 208B, Adopting a Modification to the Project Plan for the Mounds View Economic Development Project, Establishing Tax Increment Financing District No. 5 Therein and Adopting a Tax Increment Financing Plan Therefor. Mr. Inman stated it indicates the EDA does not want parcel 05-30-23-22-0004 in this District either. President Marty stated that is correct. Mr. Inman stated the record should show the EDA is modifying the Plan without that parcel and Staff will amend plans accordingly. Brian Amundson, 3048 Wooddale Drive, asked for clarification on the EDA action. He explained that on the City’s web site he found Exhibit A, City of Mounds View TIF Policy, and applications. Mr. Amundson asked what step the EDA is taking tonight in relation to this exhibit that says how the EDA will deal with TIF. He also asked if Medtronic has asked for a TIF District, which is the first step of the policy. City Administrator Ulrich stated there is an application for TIF from Medtronic and that application is part of the first step of the process. This is the creation of the public hearing for the TIF District and approval of the Plan. Mr. Amundson asked when that application was submitted to the City. Economic Development Coordinator Bachman stated it was submitted in June of 2005. Mr. Amundson stated that he was told by Staff at the end of June that there was no application.