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<br />CITY OF MOUNDS VIEW <br />ECONOMIC DEVELOPMENT AUTHORITY MEETING AGENDA <br /> <br />* EXECUTIVE SESSION * <br /> <br />NEW BRIGHTON CITY HALL <br />Monday, February 13, 2006 <br /> <br />1. CALL TO ORDER <br />President Marty called the meeting of the Economic Development Authority to order (from <br />recess) at 10:47 PM. <br /> <br />2. ROLL CALL: President Marty, Vice President Stigney, Commissioner Flaherty, <br />Commissioner Gunn, Commissioner Thomas <br /> <br />Also Present: City Attorney Scott Riggs, City Administrator Kurt Ulrich and <br />Community Development Director Jim Ericson <br /> <br />3. APPROVAL OF AGENDA <br /> <br /> The agenda was approved as presented. <br /> <br />4. EDA BUSINESS <br /> <br />A. To develop or consider offers or counteroffers for the purchase or sale of real or <br />personal property located at 2390 County Road 10. <br /> <br />Community Development Director Ericson reviewed the property in question at 2390 <br />County Road 10 and the fact that the seller remains interested in negotiating with the EDA <br />for a possible acquisition. The seller’s agent communicated a reduced selling price for the <br />property which reflected an appreciable discount from the original asking price. <br /> <br />Director Ericson indicated that the EDA that it could require that the seller or its agent <br />arrange to remove the underground fuel storage tanks, conduct all applicable <br />environmental testing and arrange to remediate any contamination found as a condition of <br />acquisition. The EDA would also want to be protected against any outstanding liens or <br />tenant / leasehold interests as well. <br /> <br />The EDA suggested that an appraisal be conducted to substantiate the asking price and <br />directed staff to add such an item for consideration at the next EDA meeting. The EDA <br />also suggested Director Ericson send a letter of intent to the seller with terms as discussed. <br /> <br />5. ADJOURN <br /> <br />President Marty adjourned the executive session of the EDA at 11:12 pm. <br /> <br /> Respectfully submitted, <br /> <br /> <br />Kurt Ulrich, City Administrator <br /> <br />