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Mounds View EDA December 8, 2008 <br />Regular Meeting Page 3 <br /> <br /> <br />Vice President Stigney said that it looks like to him that someone wants to get in on this program <br />and they are not on the list. He really thinks that this policy should not be for buying existing <br />homes but helping someone else that purchases a home to assist with demolition. <br /> <br />President Marty indicated that the City did buy properties in the past and attempted to rent them <br />out and that program did not work well at all. This program would be to purchase them to <br />demolish them. <br /> <br />Vice President Stigney said that the limited funds the City has should not be used for this. He <br />then said that he would like to limit this to demolition assistance with a new buyer not the City <br />buying. <br /> <br /> Ayes – 2 Nays – 3(Mueller/Stigney/Flaherty) Motion failed. <br /> <br />B. Resolution 08-EDA-250 Authorizing the Expenditure of Tax Increment <br />Financing Funds for the Appraisal of 5066 Irondale Road (For <br />Consideration of Purchase under the EDA’s Housing Replacement <br />Program). <br /> <br />Staff noted that this application was submitted based upon a program that the City has and the <br />residents did apply. Since there was no approval of Item A just now, then this item does not need <br />discussion. <br /> <br />Clerk Administrator Ericson would like the authority to take action on the Resolution to provide <br />closure to the application submitted to the City. <br /> <br />MOTION/SECOND: Marty/Mueller. To Approve Resolution 08-EDA-250 Authorizing the <br />Expenditure of Tax Increment Financing Funds for the Appraisal of 5066 Irondale Road. <br /> <br />Vice President Stigney commented that it would be inappropriate to approve this motion as there <br />cannot be an expenditure of TIF funds for purchase of this property. <br /> Ayes – 0 Nays – 5 Motion failed. <br /> <br />President Marty recessed the meeting until after the City Council meeting. <br /> <br />Mr. Winiecki asked if the City is in the real estate business. President Marty clarified that the <br />motion to acquire the property failed. <br /> <br />The EDA reconvened at 9:10 p.m. <br /> <br />C. Discuss Redevelopment of County Road 10 & Corner of Woodale Drive