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<br /> ---- <br /> DRAFT <br /> ARDEN HILLS EDA SPECIAL MEETING - FEBRUARY 17.1998 2 <br /> Mr. Fritsinger explained that, in order for the EDA to coordinate the City's financing for the . <br /> various infrastructure improvements, a pledge agreement was proposed between the City and <br /> EDA. <br /> MOTION: Commissioner Malone moved and Commissioner Aplikowski seconded a <br /> motion to adopt Resolution #98-0 I, Authorizing Execution of a Tax <br /> Increment Pledge Agreement with the City of Arden Hills Relating to <br /> $3,100,000 General Obligation Tax Increment Bonds, Series 1998A. The <br /> motion carried unanimously (5-0). <br /> B. Cancel Februarv 23.1998 EDA Regular Meetinl! <br /> Mr. Fritsinger explained that, due to tonight's Special EDA Meeting, and no further pending <br /> business to be transacted at this time, the Authority consider canceling the regularly scheduled <br /> February 23, 1998 meeting. <br /> . <br /> MOTION: Commissioner Aplikowski moved and Commissioner Keirn seconded a <br /> motion to cancel the regularly scheduled meeting of the Economic <br /> Development Authority. The motion carried unanimously (5-0), <br /> MISCELLANEOUS ITEMS <br /> Executive Director Ringwald notified that the City and Welsh had substantially closed earlier . <br /> that afternoon. Commissioners commended staff for their diligence during this lengthy process. <br /> ADJOURN <br /> MOTION: Commissioner Hicks moved and Commissioner Aplikowski seconded a <br /> motion to adjourn the meeting at 5:00 p.m. The motion carried <br /> unanimously (5-0). <br /> Dennis Probst Brian Fritsinger <br /> President Secretary-Treasurer <br /> . <br />