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Mounds View EDA July 25, 2005 Regular Meeting Page 8 President Marty stated that he is comfortable with this as a pay as you go for $250,000. He 296 agreed that they do need to sort this out and would also look forward to meeting with the EDC 297 and Staff to review some of the priorities, what direction they are going and the goals of the City. 298 He noted that SYSCO is operating under a timeframe and he does see this as a valid request. 299 300 Commissioner Gunn asked for clarification of the de-certification in 2008. 301 302 Economic Development Coordinator Backman explained that if there were an approval in 2005 303 the City would have 2006, 2007 and 2008 as potential years for incremental payments as 304 developer payments back to SYSCO. He further explained that there could be action taken at the 305 end of 2008, effective in 2009 to end the district noting that it would end the district five years 306 early. 307 308 Vice President Stigney asked if it would mean $82,500 for next the next three years or would it 309 be divided over four years. He stated that he is not comfortable with the $250,000.00 amount. 310 311 Economic Development Coordinator Backman stated that this could be a decision made by this 312 body. 313 314 President Marty clarified that he is hearing that the August 8th date should be kept for the public 315 hearing. 316 317 Economic Development Coordinator Backman asked if they were considering the three-year 318 timeframe. 319 320 President Marty stated that the timeframe could be discussed at the hearing. 321 322 Director Ericson stated that they could invite the EDC to the September meeting to discuss this 323 issue. 324 325 Barbara Haake, 3024 County Road I, clarified that the EDA is planning to have the public 326 hearing for August 8, 2005 and asked what the purpose of the public hearing would be if there 327 has been no public input. She agreed that the EDC meeting and workshop is long overdue noting 328 that they are mentioning $125,000 versus $250,000. She stated that she likes SYSCO too and 329 clarified that she is not trying to say anything against the pay as you go option noting that at least 330 it is not being taken from the $1 million. She expressed concerns stating that they don’t have a 331 referendum yet to know how it would be paid and referenced the issues with Medtronic. She 332 referenced the Rice Creek Watershed stating that she does not have this included on the agenda 333 for Wednesday night and there are things that they should review. She stated that they prefer to 334 mitigate on site noting that there are things that they haven’t had input on and if the EDA is 335 planning to do a public hearing usually they would wait for the information that would help them 336 in making a decision. 337