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Mounds View EDA August 22, 2005 <br />Regular Meeting Page 4 <br /> <br /> <br />Economic Development Coordinator Bachman advised that OPUS does not anticipate any <br />buildings would be located on the SYSCO property but there would be a fire road so they will <br />grant easements. <br /> <br />Vice-President Stigney pointed out that if an easement is needed, the City owns the property and <br />could grant the easement. Economic Development Coordinator Bachman stated that is correct. <br /> <br />Vice-President Stigney noted that if they want to purchase the triangular piece of property, they <br />could negotiate with the City. Economic Development Coordinator Bachman concurred. <br /> <br />Vice-President Stigney stated that since this parcel is not part of the 72.2 acres they purchased, he <br />is uncomfortable with putting it in TIF District No. 5. <br /> <br />Commissioner Flaherty stated the parcel is “healthy” in TIF District No. 3 and he sees no <br />rationale for putting it in TIF District No. 5. Also, the parcel isn’t part of the development or <br />needed for the development. <br /> <br />President Marty stated his agreement with Commissioner Flaherty’s comments. <br /> <br />Commissioner Thomas stated this would be a tax-exempt property and it is not doing anything in <br />TIF District No. 3 so it would be fine to take it out. But, she is not sure that it needs to be put <br />into TIF District No. 5. If removed from TIF District No. 3, it would be totally decertified at that <br />point. She stated she has not yet determined why it should be included in TIF District No. 5 <br />unless for access, but it appears the City can get easements anyway. <br /> <br />Commissioner Gunn pointed out that if the parcel is put into TIF District No. 5, the EDA would <br />have the TIF pool to use. <br /> <br />Commissioner Thomas noted the TIF pool could be used anyway. <br /> <br />Commissioner Gunn stated it was discussed in the past about decertifying sooner and, in that <br />case, the TIF pools disappear. <br /> <br />Commissioner Thomas stated that with this piece of property, it makes no difference to either <br />TIF District and the pool of funds would be available regardless. She stated she does not see the <br />benefit of transferring this parcel to TIF District No. 5 unless it is needed for access. <br /> <br />President Marty agreed and noted it could stay alive for the next 27 years. <br />