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Mounds View EDA March 22, 2004 <br />Regular Meeting Page 3 <br /> <br />name will be Hidden Hollow Court. <br /> <br />President Linke asked if holding this over to April 12, 2004 would cause any scheduling issues. <br /> <br />Mr. Melcher indicated that would be fine as he would prefer having the language finalized <br />further. <br /> <br />MOTION/SECOND: Stigney/Gunn. To Postpone to April 12, 2004. <br /> <br /> Ayes – 3 Nays – 0 Motion carried. <br /> <br />7. REPORTS <br /> <br />Economic Development Coordinator Backman provided an update on the purchase of Building N <br />by Bethlehem Baptist Church. He then noted they will seek property tax exempt status when the <br />deal is closed and all of this must be worked out by April 30, 2004. <br /> <br />Economic Development Coordinator Backman indicated the Church has gone before the <br />Planning Commission regarding an amendment to the PUD and that was considered and <br />unanimously recommended for approval. <br /> <br />Economic Development Coordinator Backman indicated that Staff has been working on an <br />agreement for payment in lieu of taxes as has been done in Brooklyn Park. <br /> <br />Economic Development Coordinator Backman indicated he has discussed the matter with the <br />City’s TIF attorney and then read the letter from her regarding the recommendation. She <br />proposes that the note be terminated as that would release them and remove the need for the <br />church to assume the obligation. She also recommended the City require a payment in lieu of <br />taxes agreement. <br /> <br />Economic Development Coordinator Backman indicated another idea would be a voluntary <br />special Mounds View special projects fund held by the Church to help meet community needs <br />jointly identified by the City and the church rather than use taxes or a payment in lieu of taxes. <br /> <br />President Linke indicated he would like further information on how this would affect the City as <br />far as taxes and how it would affect the TIF district as well as how the location would affect <br />existing businesses with liquor licenses or those that may want a liquor license in the future. He <br />also asked for more information on a payment in lieu of taxes because they receive services and <br />should pay for them. <br /> <br />8. NEXT EDA MEETING: March 8, 2004 <br />