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Mounds View EDA June 27, 2005 Regular Meeting Page 6 million is expected to be spent to purchase the property in Blaine, Pomps Tire and Blaine 214 Brothers property, for their parking lot. He asked why the City of Blaine wouldn’t be doing this 215 and why is Mounds View giving money to Medtronic to purchase this property. 216 217 Mr. Backman clarified stating that the $24 million figure should actually be $14.8 million, which 218 is the agreed upon amount for TIF. He stated that to make the project doable and to 219 accommodate the campus they are looking at acquiring some properties located in Blaine. He 220 stated that the buildings would be built in Mounds View and the parking lots would be created on 221 property that is actually located in Blaine. 222 223 City Administrator Ulrich further clarified that the $24 million was their total TIF eligible 224 expenses and they are only being reimbursed $14.8 million per the proposed agreement. He 225 stated that Mounds View expenditures would come off the top of that and noted that at the 226 bottom of all that is the $11 million of land in Blaine but the remaining $24 million expenditures 227 would be Mounds View generated expenditures. He stated that because this development is 228 located on a border and could potentially impact two Counties and three Cities, special 229 legislation was put into place that allows the expenditures generated within this district to be 230 spent outside of the district. 231 232 Commissioner Thomas further clarified that Medtronic gets $14.8 million from the tax district. 233 She stated that they have over $24 million that they can use the money on but have to use all of 234 the money in Mounds View first and then they can use it on anything they have above that. She 235 assured the residents that they would never get the opportunity to use the increment dollars in 236 Blaine because there won’t be anything left. 237 238 Valerie Amundsen, 3048 Wooddale Drive, stated that while reviewing city policies on the city 239 website she came across a section relating to the use of business subsidies under the General 240 Policy section that states that business subsidies should not be used for projects that would place 241 an extraordinary demand on the city infrastructure and services. She stated this causes her some 242 concern noting that last Monday it was stated that there would be an additional cost of $80,000 243 for the city in order to have this large business located on City land. She stated that it is very 244 naïve to think that the city costs would only be this much when considering police and fire 245 services. She asked the Commission to take a step back and review the costs. She stated that her 246 main concern is that the main discussion about this has not been happening in a public forum due 247 to negotiations. She stated that if they are making any decisions tonight she wants to see them 248 discuss, intensely, all of the issues brought up by the residents. She stated that she wants to feel 249 that all five of the Commissioners understand all of the issues that this project entails. She stated 250 that she does not feel that the residents have seen them really engage noting that this is a huge 251 issue and impact on this City. She stated that she wants to go home really feeling that the 252 Commission has really discussed all of the issues and have all answers. She stated that all 253 questions should be answered and if not they should table it until they do have all the answers. 254 She stated that she would also like to know the reasons behind each of their votes. 255