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Mounds View EDA February 25, 2019 <br />Regular Meeting Page 2 <br /> <br />City Attorney Riggs provided the EDA with an update on Crossroad Pointe. He reported the <br />EDA met in a Closed Session to discuss several revisions to the terms within the Purchase and <br />Development Agreement that was previously approved on January 7, 2019. He noted this <br />development was made up of three different properties. He explained staff had drafted a <br />Resolution recommending approval of the revised agreement. <br /> <br />MOTION/SECOND: Gunn/Meehlhause. To Waive the Reading and Adopt EDA Resolution <br />19-EDA-321, Approving the Amended Purchase and Development Agreement and Conveyance <br />of the property located in Mounds View, Minnesota. <br /> <br />Commissioner Bergeron asked if the amendment would change the purchase price. City <br />Attorney Riggs reported the purchase price would not be changed. <br /> <br /> Ayes – 5 Nays – 0 Motion carried. <br /> <br />7. REPORTS <br /> <br />City Attorney Riggs updated the EDA on the acquisition of the Skyline Motel. He reported all <br />required notifications have been served to tenants. <br /> <br />8. NEXT EDA MEETING: Monday, March 11, 2019 at 6:00 p.m. <br /> <br />9. ADJOURNMENT <br /> <br />President Mueller adjourned the meeting at 6:35 p.m. <br /> <br />Respectfully submitted, <br /> <br /> <br />Recorded and transcribed by: <br />Heidi Guenther <br />TimeSaver Off Site Secretarial, Inc.