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Mounds View EDA July 14, 2003 <br />Regular Meeting Page 8 <br /> <br />domain because he does not believe in that and Staff has indicated that the City is not planning 298 <br />on using it. 299 <br /> 300 <br />President Linke indicated that the document just leaves that as an option but the City has said it is 301 <br />not going to use it. 302 <br /> 303 <br />Economic Development Coordinator Backman clarified that eminent domain is an option of last 304 <br />resort and the City does not anticipate using it at all. 305 <br /> 306 <br />MOTION/SECOND: Marty/Gunn. To Approve the Draft County Road H2 Pre-Development 307 <br />Agreement Between the City of Mounds View and Pro Craft Homes with Option 1 Having the 308 <br />City Construct the Street and Utilities and all Costs Recovered through Assessments Placed on 309 <br />the Lots Within the Development. 310 <br /> 311 <br />Vice President Stigney indicated that the agreement does not list what plan is to be used and he 312 <br />asked whether that should be addressed. 313 <br /> 314 <br />Economic Development Coordinator Backman indicated that this is a pre-development 315 <br />agreement and the details will be refined as the process moves forward. 316 <br /> 317 <br /> Ayes – 4 Nays – 1(Quick) Motion carried. 318 <br /> 319 <br />C. Resolution Recommending Approval of the Acquisition of Tax Forfeited 320 <br />Property, described as Lot 36, Knollwood Park, from Ramsey County for 321 <br />$68,901.14 322 <br /> 323 <br />Economic Development Coordinator Backman reviewed how the parcel became available and 324 <br />indicated the City is able to purchase the property from Ramsey County for $68,901.14. He then 325 <br />recommended utilizing TIF funds to do so. 326 <br /> 327 <br />Interim City Administrator Ericson indicated that the City could not utilize TIF funds because, 328 <br />according to the State Auditor, the City cannot move forward with any TIF purchases unless the 329 <br />plan designates it. He then said that the City could utilize funds from the special projects fund as 330 <br />this is a short term expenditure and the City would be reimbursed by the developer for the 331 <br />property. 332 <br /> 333 <br />Vice President Stigney asked whether the costs needed to be established on paper with the 334 <br />developer. 335 <br /> 336 <br />Economic Development Coordinator Backman indicated that the Agreement approved does not 337 <br />discuss the terms of the lot purchase. 338 <br /> 339