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Mounds View EDA July 8, 2013 Regular Meeting Page 3 ROLL CALL: President Flaherty, Vice President Gunn, Commissioner Hull, Commissioner Mueller, City Attorney Riggs, and Executive Director Ericson. NOT PRESENT: Commissioner Meehlhause. (excused) B. EDA to Conduct an Open Session regarding 2400 County Road H2 Concerning General Discussion Regarding Real Estate Transaction Issues; Agreement Revisions; Closing Issues; Additional Agreements, If Necessary; and General Discussion Executive Director Ericson explained this item was continued from Monday, July 8, 2013 due to the fact there was a hearing in Ramsey County District Court regarding the subject property on Tuesday, July 9th. The original expiration date on the purchase agreement was July 15th, which has been extended to July 31st. He requested the Authority approve a Resolution accepting this change. President Flaherty requested an update from City Attorney Riggs on the court hearing. City Attorney Riggs believed the judge would rule on the matter quickly which would allow Staff to report back to the EDA in a timely manner. He was pleased by the positive discussion that took place in court. He explained he would have more information for the EDA after the ruling was made. He reported the EDA and the pending purchase agreement have remained separate from the lease issue. MOTION/SECOND: Mueller/Hull. To Waive the Reading and Adopt Resolution 13-EDA-279. Reapproving the Purchase Agreement for the property at 2400 County Road H2 with an Amendment that Extends the Purchase Agreement Deadline to July 31, 2013. Ayes – 4 Nays – 0 Motion carried. 8. REPORTS None. 9. NEXT EDA MEETING: Monday, July 22, 2013, at 6:30 p.m. 10. ADJOURNMENT President Flaherty adjourned the meeting at 6:12 p.m.