HomeMy WebLinkAbout03-10-2003PROCEEDINGS OF THE MOUNDS VIEW EDA
CITY OF MOUNDS VIEW
RAMSEY COUNTY, MINNESOTA
Regular Meeting
March 10, 2003
Mounds View City Hall
2401 Highway 10, Mounds View, MN 55112
6:32 P.M.
1. CALL MEETING TO ORDER
2. ROLL CALL: Stigney, Quick, Marty (arrived 6:33 p.m.), Gunn and Linke
NOT PRESENT: None.
3. APPROVAL OF AGENDA
4. APPROVAL OF EDA MINUTES
A. February 10, 2003 Minutes
MOTION/SECOND: Gunn/Stigney. To Approve the Minutes of February 10, 2003 as
Presented.
Ayes – 5 Nays – 0 Motion carried.
5. CONSENT AGENDA
None.
6. EDA BUSINESS
A. Consideration of EDA Resolution 03-EDA-172, a Resolution Approving
Developer Payments for C.G. Hill, Building N, Silver Lake Pointe, Midwest
I.V., and Zep Manufacturing Projects.
Economic Development Coordinator Backman explained that there had been an error in the
payment amount in the Silver Lake Pointe project making the amount $18,397.18 rather than
$23,422.
Commissioner Marty asked for an explanation of the retained amount within the TIF districts.
Economic Development Coordinator Backman explained that the retained amount is kept by the
Mounds View EDA March 10, 2003
Regular Meeting Page 2
City to cover administrative costs and that percentage is negotiated and listed in the developer’s
agreement.
Commissioner Marty asked why, if there are retained funds, there is a need to transfer funds to
the TIF districts during the upcoming Council meeting.
Finance Director Hansen explained that this circumstance looks at the small picture of the TIF
districts pertaining only to these projects and the upcoming transfers apply to the whole TIF
districts.
MOTION/SECOND: Marty/Stigney. To Waive the Reading and Approve Resolution 03-EDA-
172, a Resolution Approving Developer Payments for C.G. Hill, Building N, Silver Lake Pointe.
Ayes – 5 Nays – 0 Motion carried.
7. REPORTS
Economic Development Coordinator Backman indicated he had received late this afternoon a
preliminary drawing for the Amoco redevelopment but the business is still unnamed.
Economic Development Coordinator Backman indicated he has shown the leasable space at the
Highway 10 Business Center to four interested parties two of which would be very compatible
with Abbey Carpet.
8. NEXT EDA MEETING: March 24, 2003
9. ADJOURNMENT
President Linke adjourned the meeting at 6:45 p.m.
Respectfully submitted,
Recorded and transcribed by:
Joan Lenzmeier
TimeSaver Off Site Secretarial, Inc.