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Page 13 <br />September 14, 1998 <br />Mounds View City Council <br />Next Council Meeting: September 28,1998 - 7:00 p.m. <br />MOTION/SECOND: McCarty/Koopmeiners to authorize SEH to complete the final signalized <br />intersection design for the Highway 10/Edgwood Road realignment. <br />Stigney reiterated his position that the City is being asked to pay the bulk of costs for the <br />signalized intersection and the road realignment. It has always been my position that these costs <br />should be shared equally between the Developer of the Theater Project and the City, he added. <br />Mayor McCarty stated the signalized intersection would be paid for with TIF Funds, the <br />commercial tax base, or MSA funds, which are gas taxes. Property taxes will not be impacted. <br />Stigney added the signalized intersection would have an impact on what else could be done with <br />• the TIF Funds. <br />Jeffery Lee, 7820 Eastwood Road, stated the City's treatment of Anthony Properties over the <br />past three years has been obscene. The City needs to review its development policies, he added. <br />He voiced his approval of the Theater Project and the revenue that would be generated by it. <br />VOTE: Ayes - 3 Nays - 1(Stigney) Motion carried <br />RECESS TO THE CLOSED SESSION (8:40 p.m.) <br />10. ADJOURNMENT <br />There being no further business before the City Council, Mayor McCarty adjourned the meeting <br />directly following the Closed Session at 9:22 p.m. <br />Respectfully submitted, <br />Dave Hix <br />Recorder <br />