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PROCEEDINGS OF THE MOUNDS VIEW EDA 1 <br />CITY OF MOUNDS VIEW 2 <br />RAMSEY COUNTY, MINNESOTA 3 <br /> 4 <br />Regular Meeting 5 <br />July 26, 2004 6 <br />Mounds View City Hall 7 <br />2401 Highway 10, Mounds View, MN 55112 8 <br />6:30 P.M. 9 <br /> 10 <br />1. CALL MEETING TO ORDER 11 <br /> 12 <br />2. ROLL CALL: Stigney, Gunn, Marty and Linke 13 <br /> 14 <br /> NOT PRESENT: Quick. 15 <br /> 16 <br />3. APPROVAL OF AGENDA 17 <br /> 18 <br />MOTION/SECOND: Gunn/Marty. To Approve the July 26, 2004 Agenda as Presented. 19 <br /> 20 <br /> Ayes – 4 Nays – 0 Motion carried. 21 <br /> 22 <br />4. APPROVAL OF EDA MINUTES 23 <br /> 24 <br />A. July 12, 2004 Minutes 25 <br /> 26 <br />MOTION/SECOND: Marty/Stigney. To Approve the Minutes of July 12, 2004 as Presented. 27 <br /> 28 <br />Ayes – 4 Nays – 0 Motion carried. 29 <br /> 30 <br />5. CONSENT AGENDA 31 <br /> 32 <br />None. 33 <br /> 34 <br />6. EDA BUSINESS 35 <br /> 36 <br />A. Resolution 04-EDA-191, Approving the Development Agreement to Provide 37 <br />$75,000 in Tax Increment Financing (TIF) Assistance to Velmeir Co., LLC to 38 <br />facilitate the Redevelopment of the Amoco Property located at 2800 County 39 <br />Highway 10 in Mounds View. 40 <br /> 41 <br />Economic Development Coordinator Backman stated that on June 28, 2004 the Mounds View 42 <br />EDA authorized staff to draft a development agreement to provide $75,000 in Tax Increment 43 <br />Financing assistance to Velmeir to facilitate the redevelopment of the Amoco site at County 44 <br />Highway 10. The Mounds View EDA recommended that the reimbursement be limited to costs 45