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Mounds View EDA January 14, 2008 Regular Meeting Page 5 Commissioner Flaherty indicated that he would like to remove the TIF funding and leave the grant application in the Resolution. He then said that he would expect assurances from Master that the Premium Stop purchase would be reimbursed to the City. President Marty said that the price tag is off by about $300,000 and this grant is almost $500,000 so that should take care of some of the other issues as to demolition, site clearing and filling, etc. Staff and the Authority discussed potential revisions to the resolution to eliminate any association or reference to EDA funds being used for the acquisition of the property. Vice President Stigney said that he feels a need to postpone this as it is confusing and needs to be clarified with Master to see if they can do this on their own dime. He then said that he has questions about the big picture for this site and questions with the grant. MOTION/SECOND: Stigney/Marty. To Postpone to the Next EDA Meeting. Commissioner Flaherty said that he sees no issue with submitting the grant as it is as this would not commit the City to anything. Interim Executive Director Ericson indicated that there is time to postpone to the next meeting and still make the grant deadline if approved. Ayes – 5 Nays – 0 Motion carried. C. Resolution 08-EDA-241 Appreciation to Gerald (Jerry) Jaker for his two years of service with the Economic Development Commission (EDC) President Marty read Resolution 08-EDA-241. MOTION/SECOND: Marty/Mueller. To Approve Resolution 08-EDA-241, Appreciation to Gerald (Jerry) Jaker for his two years of service with the Economic Development Commission (EDC). President Marty thanked Mr. Jaker, who was not able to attend the meeting, and all those serving the City on Committees and Commissions. Ayes – 5 Nays – 0 Motion carried. 8. REPORTS 9. NEXT EDA MEETING: Monday, January 28, 2008 at 6:00 p.m.