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Mounds View EDA May 8, 2017 <br />Regular Meeting Page 3 <br /> <br />administrative fee. Executive Director Ericson reported the City would be keeping a 10% 1 <br />administrative fee. 2 <br /> 3 <br />President Mueller questioned what the proposed value of the project would be after it was built. 4 <br />Business Development Coordinator Beeman stated he was uncertain given the fact land values 5 <br />and construction costs were yet to be determined. 6 <br /> 7 <br /> Ayes – 5 Nays – 0 Motion carried. 8 <br /> 9 <br />8. REPORTS 10 <br /> 11 <br />None. 12 <br /> 13 <br />9. NEXT EDA MEETING: Monday, May 22, 2017 14 <br /> 15 <br />10. ADJOURNMENT 16 <br /> 17 <br />President Mueller adjourned the meeting at 9:49 p.m. 18 <br /> 19 <br />Respectfully submitted, 20 <br /> 21 <br /> 22 <br />Recorded and transcribed by: 23 <br />Heidi Guenther 24 <br />TimeSaver Off Site Secretarial, Inc. 25