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CITY OF MOUNDS VIEW
ECONOMIC DEVELOPMENT AUTHORITY
MONDAY, JANUARY 8, 2001
AGENDA
ROLL CALL: President Sonterre, Vice President Stigney, Commissioner Marty,
Commissioner Quick, Commissioner Thomas
1. AGENDA ADDITIONS:
2. APPROVAL OF MINUTES
A. December 11, 2000
3. SPECIAL ORDER OF BUSINESS:
4. CONSENT AGENDA
5. EDA BUSINESS
A. Approve EDA Resolution 00-EDA-140 Establishing Regular EDA Meetings
for 2001.
B. Approve EDA Resolution 00-EDA-141 Appointing EDA Vice President and
EDC Members.
6. REPORTS
7. ADJOURNMENT
PROCEEDINGS OF THE MOUNDS VIEW EDA
CITY OF MOUNDS VIEW
RAMSEY COUNTY, MINNESOTA
Regular Meeting
December 11, 2000
Mounds View City Hall
2401 Highway 10, Mounds View, MN 55112
8:38 P.M.
CALL MEETING TO ORDER
ROLL CALL: Coughlin, Stigney, Marty, Quick, and Thomas.
NOT PRESENT: None.
1. AGENDA ADDITIONS
There were no additions or corrections to the agenda.
No motion to approve agenda was made.
2. APPROVAL OF EDA MINUTES
A. Approve Minutes of November 13, 2000.
MOTION/SECOND: Marty/Quick. To Approve the Minutes of the EDA for November 13,
2000, as presented.
Ayes – 4 Nays – 0 Motion carried.
Commissioner Thomas abstained as she was not present at the November 13, 2000 meeting.
3. SPECIAL ORDER OF BUSINESS
None.
4. CONSENT AGENDA
None.
Mounds View EDA December 11, 2000
Regular Meeting Page 2
5. EDA BUSINESS
A. Consider Approval of Resolution 00-EDA-138, a Resolution Requesting the
Economic Development Authority Withdraw all Pre-July 1, 1997 Interest
Revenue from Tax Increment Financing Districts Nos. 1, 2, and 3, all
Redevelopment Districts, and Place the Revenue in a Newly Created
Economic Development Fund.
Economic Development Director Parish indicated the funds would not be spent but would be left
in the fund to accrue interest until such time as it is decided how they should be spent.
Economic Development Director Parish inquired as to whether the Economic Development
Authority had any questions concerning the Resolution.
Commissioner Quick inquired as to whether there was $2.2 million dollars to be moved to the
newly created account.
Finance Director Kressel indicated the latest projections indicate $2.4 million dollars will be
available in February or March.
MOTION/SECOND: Stigney/Marty. To approve Resolution 00-EDA-138, a Resolution
Requesting the Economic Development Authority Withdraw all Pre-July 1, 1997, Interest
Revenue from Tax Increment Financing Districts Nos. 1, 2, and 3, all Redevelopment Districts,
and Place the Revenue in a Newly Created Economic Development Fund Amending the Name of
the Fund to TIF Interest Fund.
President Coughlin inquired as to whether Staff felt the Office of the State Auditor would
approve of calling the fund a TIF Interest Fund.
Economic Development Director Parish expressed concern for referring to the fund as a TIF
Interest fund as the reason to move the funds is to get away from having them commingled with
other TIF interest funds.
President Coughlin inquired if Vice President Stigney would like to amend his motion based on
the recommendation of Staff to keep TIF out of the name of the fund.
Finance Director Kressel suggested the fund be called Economic Development Interest Fund.
Vice President Stigney expressed concern for titling the fund Economic Development Interest
Fund as the name suggests a specific use for the funds.
Mounds View EDA December 11, 2000
Regular Meeting Page 3
Commissioner Marty expressed his desire to have TIF removed from the title of the fund.
President Coughlin clarified the City is attempting to create a generic holding account for the
funds until decisions are made concerning the legal uses for the funds. It is important that
Council choose a name for the funds that won’t pose a problem at a later date.
President Coughlin suggested a friendly amendment to Vice President Stigney’s motion to title
the fund Economic Development Fund.
Vice President Stigney denied President Coughlin’s request for a friendly amendment.
Economic Development Director Parish indicated the fund is simply a holding fund for the
monies and the Resolution requires the monies not be spent without approval of Council.
MOTION/SECOND. Coughlin/Quick. To Amend the Motion on the Floor to Title the Fund
Economic Development Fund.
Vice President Stigney suggested a friendly amendment to President Coughlin’s motion to title
the fund Mounds View Community Fund.
President Coughlin inquired if Staff was comfortable with titling the fund Mounds View
Community Fund.
Economic Development Director Parish indicated Staff was comfortable with titling the fund
Mounds View Community Fund.
President Coughlin, the motioner, and Commissioner Quick, the seconder, agreed to Vice
President Stigney’s friendly amendment to title the fund Mounds View Community Fund.
Vote on Motion to Amend
Ayes – 5 Nays – 0 Motion carried.
B. Consideration of Resolution 00-EDA-139, a Resolution Authorizing the
Expenditure of TIF Funds to Purchase the Sheriff’s Certificate for 2345
County Road H2.
Economic Development Director Parish indicated Staff was made aware that the Network
Liquors property was in foreclosure and inquired as to whether the holder of the Sheriff’s
Certificate would be interested in selling it to the City. Staff has been informed the holder of the
Sheriff’s Certificate is willing to sell it to the City for approximately $68,000. The City would
receive title to the property if the borrower does not pay the amount due by the end of the
Mounds View EDA December 11, 2000
Regular Meeting Page 4
redemption period.
President Coughlin clarified that the borrower would need to pay the amounts due including
interest.
Economic Development Director Parish indicated Staff has set aside approximately $71,400 in
TIF funds to purchase the Sheriff’s Certificate.
Commissioner Thomas made a point of order clarification indicating Council had voted on the
motion to amend concerning 00-eda-138 but not the original motion.
Vote on Motion to Approve Resolution 00-EDA-138.
Ayes – 5 Nays – 0 Motion carried.
MOTION/SECOND. Quick/Marty. To Approve Resolution 00-EDA-139, a Resolution
Authorizing the Expenditure of TIF Funds to Purchase the Sheriff’s Certificate for 2345 County
Road H2.
Ayes – 5 Nays – 0 Motion carried.
6. REPORTS
President Coughlin reported he and Mayor-Elect Sontarre had attended a meeting of the
Economic Development Commission where use of the TIF funds was discussed. It was the
consent of the Commission to create a fund to let the funds sit in until the issues are resolved.
President Coughlin reported Rosemary Goff had resigned from the Economic Development
Commission. He thanked her for her years of service to the City.
7. ADJOURNMENT
President Coughlin adjourned the meeting at 8:56 p.m.
Respectfully submitted,
Recorded and transcribed by:
Joan Lenzmeier
TimeSaver Off Site Secretarial, Inc.
Item No. 5A
Type of Business: EDA Business
City of Mounds View Staff Report
To: EDA President, Vice President and
Commissioners
From: Givonna Reed, Assistant to the City Administrator
Item Title/Subject: Consideration of Resolution 00-EDA-140 Setting
2001 EDA Meeting Dates
Date of Report: January 8, 2001
Based on the Economic Development Authority’s practice of conducting an EDA
meeting following each regularly scheduled Council meeting (the second and
fourth Mondays of each month), Resolution 00-EDA-140 and Exhibit A list
proposed EDA meeting dates for 2001.
RECOMMENDATION: Adopt Resolution 00-EDA-140 Setting 2001 EDA
Meeting Dates.
Respectfully Submitted,
___________________________
Givonna Reed
Assistant to the City Administrator
RESOLUTION NO. 00-EDA-140
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION SETTING 2001 MEETING DATES FOR EDA MEETINGS
WHEREAS, the EDA may meets twice monthly following each regularly
scheduled City Council meeting, and;
WHEREAS, the following dates EDA meetings have been proposed for 2001.
NOW, THEREFORE, BE IT RESOLVED that the EDA does hereby set the 2001
meeting calendar as shown in Exhibit A.
Adopted this 8th day of January, 2001
ATTEST: __________________________________
Richard Sonterre, EDA President
(SEAL) ___________________________________
Kathleen Miller, EDA Executive Director
EXHIBIT A
2001 EDA Regular Meeting Schedule
REGULAR MEETINGS
January 8
January 22
February 12
February 26
March 12
March 26
April 9
April 23
May 14
May 29 (Tuesday)
June 11
June 25
July 9
July 23
August 13
August 27
September 10
September 24
October 8
October 22
November 12
November 26
December 10