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Mounds View EDA October 8, 2012 Regular Meeting Page 4 Commissioner Gunn indicated Ramsey County would need to become involved in the corridor 126 discussions in the future. Economic Development Specialist Steinmetz commented it would be 127 good for the City to partner with Ramsey County from the beginning as the County does own 128 County Road 10. 129 130 Commissioner Mueller asked if the County should be offered a seat on the task force. Executive 131 Director Ericson stated this could be offered, and information can be provided to the County, but 132 he did not know if a representative would take part. 133 134 President Flaherty indicated Highway 96 and Silver Lake Road were both County roads. He 135 questioned how these roadways were funded and requested Staff speak with staff from 136 Shoreview, New Brighton and Arden Hills further on this issue. Economic Development 137 Specialist Steinmetz understood that Shoreview pays for the maintenance of their section of 138 Highway 96. She indicated Staff would continue to work on strengthening the relationship 139 between City and County staff, along with elected officials. 140 141 C. Resolution 12-EDA-274, Adopting a Modification to the Project Plan for the 142 Mounds View Economic Development Project and Adopting Modifications to 143 the Tax Increment Financing Plans for Tax Increment Financing Districts 144 Nos. 1, 2 and 3. 145 146 Executive Director Ericson stated the EDA has discussed this item in the past. He noted a list of 147 TIF properties was drafted in 2004 and has since been updated. He noted at this time there were 148 540 parcels in the City that could be considered for acquisition and redevelopment. State law 149 requires that these properties be identified in order for the sale to be made to the City. It was 150 noted Ehlers assisted Staff in compiling the list. He explained the TIF district boundaries would 151 not be changed and there were no financial implications to the City either. Staff further reviewed 152 the new map with the EDA and recommended approval of the modifications to the project plan. 153 154 President Flaherty questioned when TIF Districts 1, 2 and 3 would expire. Executive Director 155 Ericson commented TIF Districts 1, 2 and 3 were set to expire in 2013, 2014 and 2015. He 156 indicated the extensive list of properties would assist in future flexibility if a property owner 157 would like to sell, but in no way requires the property to be sold to the City. 158 159 MOTION/SECOND: Mueller/Gunn. To Waive the Reading and Adopt Resolution 12-EDA-160 274, Adopting a Modification to the Project Plan for the Mounds View Economic Development 161 Project and Adopting Modifications to the Tax Increment Financing Plans for Tax Increment 162 Financing Districts Nos. 1, 2 and 3. 163 164 Ayes – 5 Nays – 0 Motion carried. 165 166