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Item No.: 7.A. <br />Meeting Date: January 25, 2010 <br />Type of Business: EDA Business <br />Administrator Review: _____ <br /> <br />City of Mounds View Staff Report <br />To: President and EDA Commissioners <br />From: Mark Beer, Finance Director <br />Item Title: Resolution 10-EDA-259 Authorizing Ramsey County to Cancel the <br />Minimum Assessment Agreement between the EDA and Mounds <br />Vista, Inc. <br /> <br /> <br /> <br />Attached is Resolution 10-EDA-259 authorizing Ramsey County to cancel the minimum <br />assessment agreement between the EDA and Mounds Vista, Inc. <br /> <br />On December 14, 2009, the EDA authorized the redemption and payment of the <br />outstanding Tax Increment Revenue Bonds. The bonds were issued October 1, 2001 as <br />part of a redevelopment of the Mermaid property. As a result of the redemption, the <br />minimum assessment agreement is no longer necessary and should be cancelled. <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br />______________________ <br />Mark Beer