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Mounds View EDA August 22, 2005 Regular Meeting Page 17 Mr. Inman noted the parcel does not appear in the second resolution but does appear in the Plan 667 and all documents the EDA has received. He stated he would like the action to include the parcel 668 number to avoid confusion. 669 670 City Attorney Rigg agreed that is the most correct route since it is referenced in the Plan. He 671 stated what is before the EDA does not have that parcel pulled out at this time and the EDA 672 should have a record. 673 674 Economic Development Coordinator Bachman suggested Section 1 of the resolution be revised 675 to state: “…Minnesota which is underutilized and that the adoption of the proposed Plans, as 676 amended, will help provide employment opportunities…” 677 678 Commissioner Thomas stated there are only the five parcels and suggested including those PIN 679 numbers rather than excluding the one that is being omitted. 680 681 Vice-President Stigney stated Staff can determine how to best reflect that amendment. 682 683 SECOND: /Thomas. 684 685 Vote on amendment motion: 686 687 Ayes – 5 Nays – 0 Motion carried. 688 689 Duane McCarty, 8060 Long Lake Road, stated he has reviewed the draft contract and believes 690 this proposal is being piecemealed, not by design, but in actual fact. He stated there are several 691 other issues in the overall contract that the EDA will need to deal with. He stated the original 692 contract had an exclusion for existing jobs that has been stricken from the current contract. He 693 assumed that it is intended that Medtronic will move positions from other facilities to the 694 Mounds View location and wondered if that qualifies as the jobs goal as required under the 695 Economic Development Act. Other issues of concern relate to indemnification for liability; 696 however, studies have found a certain amount of hazardous conditions, and that the contract 697 requires the City to indemnify all comers in the first phase. Mr. McCarty stated he has many 698 other issues and is in fear that the EDA is “digging a hole” and when the end comes the City will 699 not like the results but be hard pressed to retract actions. He stated in his mind, the City should 700 understand every contingency from beginning to end before getting this far. That is what the 701 previous speaker was alluding to and is his concern as well. 702 703 Commissioner Flaherty read the Purchase Agreement, Section 5.2, Jobs and Wages, which 704 indicates that within two years after the date of issuance of the certificate of completion, the 705 compliance date, that developer shall cause to be created at least 1,500 new full-time equivalent 706 jobs on the development property. 707 708