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Mounds View EDA March 10, 2003 <br />Regular Meeting Page 2 <br /> <br />City to cover administrative costs and that percentage is negotiated and listed in the developer’s 46 <br />agreement. 47 <br /> 48 <br />Commissioner Marty asked why, if there are retained funds, there is a need to transfer funds to 49 <br />the TIF districts during the upcoming Council meeting. 50 <br /> 51 <br />Finance Director Hansen explained that this circumstance looks at the small picture of the TIF 52 <br />districts pertaining only to these projects and the upcoming transfers apply to the whole TIF 53 <br />districts. 54 <br /> 55 <br />MOTION/SECOND: Marty/Stigney. To Waive the Reading and Approve Resolution 03-EDA-56 <br />172, a Resolution Approving Developer Payments for C.G. Hill, Building N, Silver Lake Pointe. 57 <br /> 58 <br /> Ayes – 5 Nays – 0 Motion carried. 59 <br /> 60 <br />7. REPORTS 61 <br /> 62 <br />Economic Development Coordinator Backman indicated he had received late this afternoon a 63 <br />preliminary drawing for the Amoco redevelopment but the business is still unnamed. 64 <br /> 65 <br />Economic Development Coordinator Backman indicated he has shown the leasable space at the 66 <br />Highway 10 Business Center to four interested parties two of which would be very compatible 67 <br />with Abbey Carpet. 68 <br /> 69 <br />8. NEXT EDA MEETING: March 24, 2003 70 <br /> 71 <br />9. ADJOURNMENT 72 <br /> 73 <br />President Linke adjourned the meeting at 6:45 p.m. 74 <br /> 75 <br />Respectfully submitted, 76 <br /> 77 <br />Recorded and transcribed by: 78 <br /> 79 <br />Joan Lenzmeier 80 <br />TimeSaver Off Site Secretarial, Inc. 81