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<br />. <br /> <br />. <br /> <br />. <br /> <br />CITY OF ARDEN HILLS, MINNESOTA <br />ECONOMIC DEVELOPMENT AUTHORITY (EDA) <br />JUNE 25, 2001 <br />6:00 P.M. - ARDEN HILLS CITY COUNCIL CHAMBERS <br /> <br />CALL TO ORDER/ROLL CALL <br /> <br />Pursuant to due call and notice thereof, President Dennis Probst called to order the <br />Economic Development Authority (EDA) meeting at 6:04 p.m. <br /> <br />Present: <br /> <br />President Dennis Probst, Commissioners Beverly Aplikowski, David <br />Grant, Gregg Larson, and Lois Rem. <br /> <br />Absent: <br /> <br />None. <br /> <br />Also present were Executive Director, Joe Lynch; Secretary/Treasurer, Terrance R. Post; <br />and Recording Secretary, Nancy Czajkowski. <br /> <br />APPROVAL OF MEETING AGENDA <br /> <br />MOTION: <br /> <br />Commissioner Aplikowski moved and Commissioner Rem seconded a motion to <br />adopt the agenda for the June 25,2001 meeting ofthe Economic Development <br />Authority. The motion carried unanimously (4-0). <br /> <br />APPROVAL OF MINUTES <br /> <br />A. December 4, 2000 Special EDA Meeting <br /> <br />MOTION: <br /> <br />Commissioner Larson moved and Commissioner Aplikowski seconded a motion <br />to approve the December 4, 2000 Special EDA Meeting minutes as corrected <br />above. The motion carried unanimously (4-0). <br /> <br />UNFINISHED AND NEW BUSINESS <br /> <br />A. Business Subsidy Criteria <br />1. Discussion <br />2. Schedule Public Hearing <br /> <br />Mr. Post introduced Ms. Shelly Eldridge of Ehlers and Associates. <br /> <br />Ms. Eldridge gave a presentation on Business Subsidy Criteria. In response to questions, she <br />noted the Council could deviate from the criteria with documentation or it could revise the <br />criteria through the public hearing process. She added one way to determine the base value of <br />land would be by the county assessor when the property was going from tax exempt to taxable. <br />She stated an alternative would be to get an appraiser to state the value of what land would be. <br />She noted the value would be somewhere between what the city paid for it and what the market <br />