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ARDEN HILLS SPECIAL EDA MEETING—DECEMBER 8, 2014 2 <br /> A. Approve EDA 2015 Budgets <br /> Treasurer Iverson gave a brief introduction and overview to the 2015 EDA budgets. <br /> EDA Commissioner McClung asked if the 2015 EDA General Fund budget had already been <br /> approved in September. <br /> Treasurer Iverson stated that this was the case but that the non General Fund budgets of the <br /> EDA were not approved at that time. <br /> MOTION: EDA Commissioner Holden moved and EDA Commissioner Holmes <br /> seconded a motion to approve the Revolving Loan, TIF 2, TIF 3, and TIF 4 <br /> budgets as proposed. The motion carried unanimously (5-0). <br /> Secretary Klaers commented that TIF 2 will be expiring in 2015. <br /> EDA Commissioner Holmes questioned the status of the TIF 2 budgeted revenues in 2015. <br /> Treasurer Iverson indicated that the projected revenues are only estimates at this time. <br /> 4. ADJOURN <br /> MOTION: EDA President Grant moved and EDA Commissioner Holmes seconded a <br /> motion to adjourn the Economic Development Authority meeting. The <br /> motion carried unanimously (5-0). <br /> EDA President Grant adjourned the special Economic Development Authority meeting at 5:29 <br /> p.m. <br /> Patrick Klaers David Grant <br /> Secretary EDA President <br />