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. . .e . . . . . . .~ . . . . . . . .e . ARDEN HILLS CITY COUNCIL - JANUARY 29.1996 6 Ridgewood Court be evaluated for drainage issue solution; Oak Avenue plans include the cul-de-sac island, 26 feet width, and core samples and cold-in-place recyling be considered; Pascal A venue plans indicated decreasing the width to minimize landscaping impact; and the reconstruction of Eide Circle as proposed, Motion carried unanimously (5-0), Mr. Fritsinger clarified that curb and gutter will not be installed unless reconstruction occurs. A gentleman in the audience thanked the Council for listening to the resident's concerns, RESOLUTION NO. 96-08. PUBLIC HEARING. ENABLING THE ESTABLISHMENT OF AN ECONOMIC DEVELOPMENT AUTHORITY Mr. Fritsinger verified publication of the public hearing on January 18 and 25, 1996. Mr. Fritsinger gave a presentation on the background and powers of an Economic Development Authority, The purpose of creating the EDA is to assist the City with its economic development efforts at the Gateway Business District and potential TCAAP projects, Mayor Probst opened the hearing for public comment at 9:05 p.m, Mr. Roger Aiken, 4360 Hamline Avenue North, inquired as to the haste in establishing an Economic Development Authority (EDA) and the purpose of it. He continued that Arden Hills is a small city, and there is no pressing need for an EDA. Mayor Probst responded there was no pressing need, but the creation of an EDA would provide another tool that will be used in conjunction with TCAAP, Gateway Business District, and other properties, He continued that an EDA has been discussed for several years and the Council is now ready to consider creating this entity. Mr. Aiken inquired of the amount of salary compensation for the board members. Mr. Fritsinger outlined the activities of the board, and indicated no additional compensation has been discussed, as tlle City Council would be the EDA board. Mr. Aiken inquired if that at some point compensation would be made, Mr. Fritsinger indicated that his recommendation at this time was for no compensation and that his experience in working for several other cities is that the EDA Board is not compensated, Mr. Aiken indicated an EDA would reduce resident input, as well as create a close relationship with businesses, Councilmember Malone inquired if an EDA is subject to open meeting law, Mr. Fritsinger indicated it is.