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Mounds View EDA November 26, 2018 <br />Regular Meeting Page 2 <br /> <br />6. EDA BUSINESS <br /> <br />A. Resolution 18-EDA-315 Preliminary Development Agreement Extension. <br /> <br />Business Development Coordinator Beeman requested the EDA consider approval of a <br />Preliminary Development Agreement Extension. He reported staff has been working with INH <br />since January of 2018. He explained staff was working exclusively with INH on the purchase of <br />the land and recommended approval of the Preliminary Development Agreement Extension. It <br />was noted the extension would run through May 1, 2019. <br /> <br />Commissioner Gunn questioned why the agreement was not for a full year. Business <br />Development Coordinator Beeman stated the proposed extension would give the developer <br />enough time to negotiate the land price and draft a Preliminary Development Agreement. City <br />Attorney Riggs reported the current preliminary development agreement would expire on January <br />8, 2019. He anticipated that all terms could be completed by January 8th and explained this could <br />be made a condition for approval. He recommended this condition be added to the fourth <br />Whereas statement within the Resolution. <br /> <br />Commissioner Bergeron thanked City Attorney Riggs and Business Development Coordinator <br />Beeman for their work on this item. <br /> <br />AMENDMENT MOTION/SECOND: Bergeron/Meehlhause. To Amend Resolution 18-EDA- <br />315 adding the following language to the fourth Whereas statement: Subject to a condition that <br />the Developer and EDA shall finalize the negotiation of all terms necessary and related to the <br />development of a Purchase Agreement and Development Agreement for the proposed <br />development by January 8, 2019 with such condition being reviewed by the EDA at their meeting <br />on December 10, 2018. <br /> <br />Commissioner Meehlhause stated he supported the additional language as proposed by the City <br />Attorney. <br /> <br />Commissioner Bergeron explained he proposed this amendment in order to smooth things out in <br />the negotiation process. <br /> <br />President Mueller thanked Commissioner Bergeron for making this suggestion. <br /> <br /> Ayes – 5 Nays – 0 Motion carried. <br /> <br />MOTION/SECOND: Gunn/Bergeron. To Waive the Reading and Adopt Amended Resolution <br />18-EDA-315 Preliminary Development Agreement Extension. <br /> <br />President Mueller thanked staff and the EDA for all of their efforts on this item.