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Mounds View EDA April 11, 2005 Regular Meeting Page 5 customer of his for over 20 years. He stated that the image of having Medtronic in Mounds View 172 would be good for the community. He stated he is planning a hotel addition because of 173 Medtronic moving in. He stated if it wasn’t for the golf course, Mounds View might not have a 174 4 percent franchise fee that everyone is paying right now. He stated that the gas utilities for the 175 Mermaid alone is $150,000, and 3 percent of that goes to the franchise fee for NSP. He stated 176 that bringing Medtronic in is going to be worth over $100 million to the tax base, even if 35 177 percent of it is being paid by TIF over a 25-year period of time. He stated that that leaves $75 178 million worth that is going to be entering the tax base that is going to be paying the school 179 district, going to taxation, and that might even put a separate coffer in for new roads to be built in 180 Mounds View. He stated he would stand behind Medtronic coming in 100 percent. 181 182 Tim Mazzoni, 1520 – 23rd Avenue NW, New Brighton, stated he is a retired professor from the 183 University of Minnesota, College of Education, Human Development, and he wanted to speak 184 for the kids in the area who find that golf course to be a wonderful opportunity involving skills, 185 attitude, and behavior, which are attributes prized by adults. He stated the youth program there 186 has been recognized at the state and national levels, and it works for the youth. He applauded 187 Medtronic for the kind of company it is, but there will be thousands of youth using the golf 188 course in the future. 189 190 Shannon Meyer, 11363 Fergus St., Blaine, stated she is the President of the Twin Cities North 191 Area Chamber of Commerce, and she felt that as far as economic development, the Medtronic 192 facility would not just bring a business to the community, but it would enhance the local 193 communities with increased traffic, and it would increase the number of students attending the 194 schools. She stated there are many positives for the golf course as well, but they need to focus on 195 the fact that there are numerous golf courses, including the golf course in Blaine and the National 196 Youth Golf Course, which was specifically built for children. She encouraged the Council to 197 look at the Medtronic site as a wonderful asset to the community. 198 199 Tom Field, 8409 Knollwood Drive, stated he is in support of pursuing investigation of the 200 Medtronic sale. He stated property taxes had increased 25 and 30 percent in the past two years, 201 and they need to bring some businesses back to Mounds View. 202 203 Dave Jahnke, 8428 Eastwood Road, stated he is in favor of Medtronic because it’s a good 204 company, and it is a clean business. He asked what the survey result was. 205 206 Vice President Stigney stated that the survey result showed 63 percent of the people supported 207 development of Medtronic. 208 209 Mr. Jahnke stated that Medtronic doesn’t depend on the weather, and the golf course is over $4 210 million in debt to the city. He stated that Medtronic would be a very solid investment, and he 211 wouldn’t foresee them not making money. 212 213