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Mounds View EDA January 23, 2006 <br />Regular Meeting Page 6 <br /> <br />City Administrator Ulrich stated there is a budget for TIF dollars that includes other needs 214 <br />beyond street reconstruction. He suggested staff bring back that budget, demonstrate the needs 215 <br />for TIF, and how much can be allocated towards street reconstruction. 216 <br /> 217 <br />President Marty stated the City is also looking at how to improve the safety and redevelop 218 <br />County Highway 10 and the trailway systems along Silver Lake Road from New Brighton to 219 <br />County Highway 10. He advised that the EDA has talked about a percentage or how to allocate 220 <br />those dollars, noting there are more needs than available TIF. 221 <br /> 222 <br />President Marty stated to Mr. Glidden that the EDA needs to move on instead of having this back 223 <br />and fourth discussion. 224 <br /> 225 <br />Mr. Glidden asked if that is the definitive answer to the question he asked. He again asked if TIF 226 <br />can legally be used for street repair or trail development and requested a legally definitive 227 <br />answer. 228 <br /> 229 <br />President Marty answered in the affirmative. 230 <br /> 231 <br />Mr. Glidden stated that is not the answer that he received before. 232 <br /> 233 <br />Commissioner Thomas stated it definitely is the answer Mr. Glidden received before. 234 <br /> 235 <br />5. APPROVAL OF MINUTES 236 <br /> 237 <br />President Marty asked staff to review the meeting video tape to include his question on Page 5 to 238 <br />Community Development Director Ericson. 239 <br /> 240 <br />MOTION/SECOND: Gunn/Marty. To Approve the January 9, 2006 Minutes as corrected. 241 <br /> 242 <br /> Ayes – 1 Nays – 0 Abstain – 1 (Thomas) Motion carried. 243 <br /> 244 <br />6. CONSENT AGENDA 245 <br /> 246 <br />None. 247 <br /> 248 <br />7. EDA BUSINESS 249 <br /> 250 <br />A. Resolution 06-EDA-214 Authorizing Payment of Pay-As-You-Go Developer 251 <br />Payments to Red Cent Management, L.L.C; Heartland-Mounds View 252 <br />Common Bond; and Bridges Leasing Company 253 <br /> 254 <br />Economic Development Coordinator Backman reviewed a spreadsheet highlighting the second 255