08-26-1999 - Laserfiche WebLink

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r` ` r • Minutes of the Economic Development Commission City of Mounds View Ramsey County, Minnesota Regular Meeting July 22, 1999 City of Mounds View, City Council Chambers 2401 Highway 10, Mounds View, MN 55112 I. CALL TO ORDER: The meeting was called to order at approximately 7:40 a.m. by Chairperson Cindy Carlson. 2. ROLL CALL: Members present: Cindy Carlson, Tom Field,Julie Olsen,Wendy Marty Members absent: Sean Walther, Jerry Kahn, Rosemary Goff, EDA Liaison Lynn Thomason. • Staff present: Community Development Director Rick Jopke, Economic Development Coordinator Kevin Carroll 3. APPROVAL.OF MINUTES: Motion/Second: Field/Olsen to approve the minutes from June 22, 1999,with the understanding that the list of those in attendance will be revised to reflect Community Development Director Rick Jopke's attendance. Motion Carried: 4 Ayes 0 Nays 4.- SPECIAL BUSINESS Economic Development Coordinator Carroll provided the EDC with an update regarding DTED's decision to award Mounds View a grant in the amount of$333,333 to assist with stormwater handling improvements in connection with the proposed Mermaid redevelopment project. Carroll indicated that the project will not move forward unless or until the developers are able to obtain ownership of certain adjoining parcels of property. If they are unable to acquire the parcel on which the new [proposed] sedimentation pond was going to be located, alternative locations for the pond will have to be investigated. In addition, the City must match the amount of the DTED grant, so if the City declines to provide the project with at least $333,333 in tax increment [or other] financing, the City may be forced to decline acceptance of the grant. • Carroll also advised the EDC that at its next meeting on 7-26-99, the EDA might be taking action on a request or proposal to remove the Realife and Holiday parcels from TIF District#2.