HomeMy WebLinkAbout04-25-1996Minutes of the Economic Development Commission
City of Mounds View
Ramsey County, Minnesota
Regular Meeting
April 25, 1996
City of Mounds View, Council Chambers
2401 Highway 10, Mounds View, MN 55112
1. Call to Order:
The meeting was called to order at 6:10 p.m. by Vice Chairperson, Cindy Carlson.
2. Roll Call:
Members present were as follows: Cindy Carlson, Rosemary Goff, Brian Sjoberg, Ron Schmidt and Bev
Terhark. In addition, Economic Development Coordinator Cathy Bennett, EDA Liaison Sue Hankner
and EDA Alternate Liaison Gary Quick were present. Members Dan Nelson and Delane Welsch was
absent.
3. Approval Of Minutes:
Motion/Second: Goff/Carlson moved approval of Minutes of March 28, 1996 Meeting.
Motion Carried 5 ayes 0 nays
4. Special Business
There was no special business.
5. A. Remove tax increment policies for new/expanded development in Mounds
View from the table of the February 22, 1996 meeting
Motion/Second: Schm dt/Sjoberg moved to remove tax increment policies for new/expanded
development in Mounds View from the table of the February 22, 1996 meeting
Motion Carried 5 ayes 0 nays
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B. Consideration of Tax Increment Policies for new/expanded
development in Mounds View
The Comm ssion members reviewed Mounds View's Tax Increment Policy from 1984 and
discussed Elk River, Robinsdale and Burnsville's current tax increment policies. Revisions were
made to Burnsville's plan to meet the needs of Mounds View. In addition, the commission
reviewed the fundability guidelines which is a ranking system for projects requesting tax
increment financing. The guideline provides an equitable point system in relation to jobs
created, increase in tax base, up front or pay-as-you-go assistance and type of development.
Also and application for tax increment financing was reviewed. Staff was directed to draft a
policy for Mounds View to be presented at the EDC meeting in May.
Reports From Chair, Commissioners and Staff:
There were no reports
Adjournment
There being no further business before the Commission, this meeting of the Economic Development
Commission adjourned at 8:00 p.m.
Respectfully Submitted,
Economic Der1opment Coord nator