HomeMy WebLinkAbout08-11-2003PROCEEDINGS OF THE MOUNDS VIEW EDA
CITY OF MOUNDS VIEW
RAMSEY COUNTY, MINNESOTA
Regular Meeting
August 11, 2003
Mounds View City Hall
2401 Highway 10, Mounds View, MN 55112
6:30 P.M.
1. CALL MEETING TO ORDER
2. ROLL CALL: Stigney, Quick, Marty (arrived at 6:37 p.m.), Gunn, and Linke
NOT PRESENT: None.
3. APPROVAL OF AGENDA
MOTION/SECOND: Gunn/Stigney. To Approve the August 11, 2003 Agenda as Presented.
Ayes – 4 Nays – 0 Motion carried.
4. APPROVAL OF EDA MINUTES
A. July 28, 2003 Minutes
MOTION/SECOND: Stigney/Quick. To Approve the Minutes of July 28, 2003 as Presented.
Ayes – 4 Nays – 0 Motion carried.
5. CONSENT AGENDA
None.
6. EDA BUSINESS
A. Annual Disclosure of Tax Increment Districts for 2002
Finance Director Hansen reviewed the disclosure information with Council that will be published
in the newspaper. He then indicated that Staff was able to prepare the report this year rather than
contracting out the work.
Vice President Stigney indicated that the Districts appear to have more going out than coming in.
Mounds View EDA August 11, 2003
Regular Meeting Page 2
Finance Director Hansen indicated that the primary reason for that is the debt service payments.
He then explained that one of the districts had its final debt service payment in February and
going forward there should be a surplus.
Commissioner Marty arrived at 6:37 p.m.
City Administrator Ulrich indicated that Finance Director Hansen had prepared the report for the
first time using new software which means going forward providing the information should be
less time consuming. He then commended him for his work on the new software and for being
able to provide a service to the City that had previously been contracted out.
B. Resolution 03-EDA-176, a Resolution Authorizing Payment of Pay-As-You-
Go Development Payments to Red Cent Management, L.L.C.; Heartland-
Mounds View Common Bond; Bridges Leasing Company; and Kenmark
Partnership, L.L.P.
Economic Development Coordinator Backman provided a brief overview of the pay-as-you -go
payments for the Authority.
MOTION/SECOND: Marty/Quick. To Waive the Reading and Approve Resolution 03-EDA-
176, a Resolution Authorizing Payment of Pay-As-You-Go Development Payments to Red Cent
Management, L.L.C.; Heartland-Mounds View Common Bond; Bridges Leasing Company; and
Kenmark Partnership, L.L.P.
Ayes – 5 Nays – 0 Motion carried.
7. REPORTS
None.
8. NEXT EDA MEETING: August 25, 2003
9. ADJOURNMENT
President Linke adjourned the meeting at 6:39 p.m.
Respectfully submitted,
Recorded and transcribed by:
Joan Lenzmeier
TimeSaver Off Site Secretarial, Inc.