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PROCEEDINGS OF THE MOUNDS VIEW EDA 1 <br />CITY OF MOUNDS VIEW 2 <br />RAMSEY COUNTY, MINNESOTA 3 <br /> 4 <br />Regular Meeting 5 <br />May 22, 2006 6 <br />Mounds View City Hall 7 <br />2401 Highway 10, Mounds View, MN 55112 8 <br />6:30 P.M. 9 <br /> 10 <br /> 11 <br />1. CALL MEETING TO ORDER 12 <br /> 13 <br />2. ROLL CALL: President Marty, Vice President Stigney, Commissioner Gunn, 14 <br />Commissioner Flaherty, and Commissioner Thomas. 15 <br /> 16 <br /> NOT PRESENT: None. 17 <br /> 18 <br />3. APPROVAL OF AGENDA 19 <br /> 20 <br />MOTION/SECOND: THOMAS/FLAHERTY. To Approve the May 22, 2006 Agenda as 21 <br />presented. 22 <br /> 23 <br /> Ayes – 5 Nays – 0 Motion carried. 24 <br /> 25 <br />4. PUBLIC INPUT 26 <br /> 27 <br />Torri Johnson, 7730 Long Lake Road, Chairperson of the Economic Development Commission 28 <br />(EDC), explained they advise the EDA about enhancing economic development and the City’s 29 <br />tax base. She read a statement outlining the EDA’s actions to identify potential projects 30 <br />considered to be priorities. During 2005, the EDA continued to prioritize that list and on 31 <br />September 6, 2005, met in joint session with the EDA to discuss the projects. On September 23 32 <br />the potential Tax Increment Financing (TIF) list with the top ten projects was distributed. These 33 <br />projects represent a potential expenditure of $10.5 million out of $11 million projected to be 34 <br />available according to Ehlers. This matter was again reviewed and discussed in October of 35 <br />2005, and some revisions were made, but not to any of the infrastructure priorities. On 36 <br />November 14, 2005, a joint meeting was held to review that priority list, evaluate the County 37 <br />Road 10 project, and the EDA identified the highest priority projects as being pedestrian trails 38 <br />along County Road 10, road reconstruction City-wide, County Road 10 corridor improvement, 39 <br />Silver Lake Road trail, and a housing replacement program. Since that time, the projects and 40 <br />funding priorities have been discussed at EDC meetings and the philosophy remains the same. 41 <br /> 42 <br />Mr. Johnson explained that during meetings in 2006, TIF options were presented to the EDC. 43 <br />However, the Commission is hesitant to pick one since funding will change depending on the 44 <br />project selected. She stated the EDC tends to lean towards the status quo option (Option 1) since 45