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Mounds View EDA June 26, 2006 <br />Regular Meeting Page 4 <br /> <br />could be used, they may try to get TIF funding. He added that the EDA should not offer TIF <br />funding. <br /> <br />President Marty agreed, and said he would like to keep TIF off the table. He said if something <br />comes in that appeals to the Council, it will be addressed at that time. Commissioner Thomas <br />said this discussion is premature and should wait until it is the Council’s to discuss. She said <br />there is some thought the EDA could put into it as far as options for the property once that time <br />comes. <br /> <br />Commissioner Flaherty said he agrees, but does not believe he would say right now that TIF is <br />not available and added developers could ask on a case-by-case basis. He asked that any City <br />funds put toward demolition reflect in the selling price of the property. <br /> <br />Community Development Director Ericson said the liability letter is forthcoming and states that <br />the tanks were removed prior to the City maintaining ownership. The letter is a statement to the <br />fact that the City has not caused any of the contamination that is out there. He said the <br />letter is coming and it is clear that the City has nothing to do with the contamination. He said <br />from a Staff perspective, he shares the concern about not having the letter, but if the property is <br />before June 30th, it will save the City close to $20,000 in 2007 taxes. <br /> <br />Commissioner Thomas suggested that a resolution be contingent on receipt of the letter, although <br />it still makes her nervous. Community Development Director Ericson stated the letter could be <br />here as soon as tomorrow. President Marty said he would like it to be contingent on the letter as <br />well and Vice President Stigney agreed. <br /> <br />Vice President Stigney said the City should not buy the property since it is currently on the tax <br />roll and will be off the tax roll once it is purchased by the City. He stated he does not support the <br />purchase. <br /> <br />President Marty that it is one mile of streets off of the tax roll, but is blighted property right on <br />the main street and if it can be developed, he hopes the City will get a higher and better use for <br />property which will generate considerable more taxes than the gas station brought in. He said the <br />only other interest has been from other gas station companies and he would like to get a higher <br />and better use. <br /> <br />Vice President Stigney said there will have to be a pretty high price to gain more tax income. <br />President Marty said depending on how it is developed, the City should be able to recoup some <br />money. <br /> <br />MOTION/SECOND: GUNN/FLAHERTY. To Approve the Resolution 06-EDA-220 <br />Authorizing the Acquisition of the Premium Stop Property Located at 2390 County Road 10 <br />Consistent with the terms of the Approved Purchase Agreement, contingent upon the receipt of <br />the liability letter from the MPCA. <br /> <br /> Ayes – 4 Nays – 1 (Stigney) Motion carried.