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<br />. <br /> <br />ARDEN HILLS EDA MEETING - JUNE 25,2001 <br /> <br />2 <br /> <br />value was. She added a variance from what would normally be allowed under zoning or <br />subdivision rules would not be considered to be a business subsidy. <br /> <br />Councilmember Aplikowski noted her concern about who would determine whether the interest <br />rate was below what was available. Ms. Eldridge stated as long as the city keeps documentation <br />since the state could not really mandate how the city comes up with its formula. <br /> <br />Mayor Probst noted he would suggest keeping the criteria as general as possible to allow the city <br />the most latitude. He added his concern if the criteria were too stringent it could cause problems. <br />He stated he wanted to retain full rights to accept or deny someone the opportunity. He noted <br />just because someone meets the criteria do not guarantee them a business subsidy. <br /> <br />Mr. Post suggested the Council hold offthe discussion in order to assess the impact of the 2001 <br />legislation session. <br /> <br />Mayor Probst suggested the EDA meet before the second Council meeting in July. All <br />Councilmembers agreed. <br /> <br />B. Schedule Meetin~ to Discuss 2002 EDA Bud~et Ramifications from 2001 Le~islative <br />Session <br /> <br />Mayor Probst noted it should be scheduled during the same July 30, 2001 EDA meeting. <br />. ADJOURN <br /> <br />. <br /> <br />MOTION: <br /> <br />Commissioner Grant moved and Commissioner Aplikowski seconded a motion to <br />adjourn the meeting at 6:32 p.m. The motion carried unanimously (5-0). <br /> <br /> <br /> <br />NOTICE OF MEETINGS <br /> <br />The next EDA Meeting will be held Monday, July 30, 2001 at 6:00 p.m. at the Arden Hills <br />Council chambers. <br />