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Mounds View EDA August 22, 2005 Regular Meeting Page 14 MOTION/SECOND: Thomas/Stigney. To waive the reading and adopt EDA Resolution 05-542 EDA-208A, Approving the Elimination of Parcels from Tax Increment Financing District No. 3 543 located within the Mounds View Economic Development Project in the City of Mounds View, 544 removing parcel 05-30-23-22-0004, the triangular property, from TIF District No. 3. 545 546 President Marty asked that the signature line of the resolution be changed from “Chair” to 547 “President”. 548 549 Ayes –4 Nay – 1 (Marty) Motion carried. 550 551 President Marty indicated he would like to amend the resolution in reference to the Planning 552 Commission’s lack of recommendation. Commissioner Thomas stated the motion must first be 553 moved prior to an amendment being made. 554 555 MOTION/SECOND: Gunn/Stigney. To waive the reading and adopt EDA Resolution 05-EDA-556 208B, Adopting a Modification to the Project Plan for the Mounds View Economic Development 557 Project, Establishing Tax Increment Financing District No. 5 Therein and Adopting a Tax 558 Increment Financing Plan Therefor. 559 560 Mr. Inman stated it indicates the EDA does not want parcel 05-30-23-22-0004 in this District 561 either. 562 563 President Marty stated that is correct. 564 565 Mr. Inman stated the record should show the EDA is modifying the Plan without that parcel and 566 Staff will amend plans accordingly. 567 568 Brian Amundson, 3048 Wooddale Drive, asked for clarification on the EDA action. He 569 explained that on the City’s web site he found Exhibit A, City of Mounds View TIF Policy, and 570 applications. Mr. Amundson asked what step the EDA is taking tonight in relation to this exhibit 571 that says how the EDA will deal with TIF. He also asked if Medtronic has asked for a TIF 572 District, which is the first step of the policy. 573 574 City Administrator Ulrich stated there is an application for TIF from Medtronic and that 575 application is part of the first step of the process. This is the creation of the public hearing for 576 the TIF District and approval of the Plan. 577 578 Mr. Amundson asked when that application was submitted to the City. Economic Development 579 Coordinator Bachman stated it was submitted in June of 2005. 580 581 Mr. Amundson stated that he was told by Staff at the end of June that there was no application. 582 583