CCP 12-17-2001 - Laserfiche WebLink

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tit . e CITY OF ARDEN HILLS, MINNESOTA ECONOMIC DEVELOPMENT AUTHORITY (EDA) JUNE 25, 2001 6:00 P.M. - ARDEN HILLS CITY COUNCIL CHAMBERS D.. ..- ~r"'f. 1-71 \"('t~ C""l' . ",c.". \' ': ",\~i:"~ CALL TO ORDERlROLL CALL Pursuant to due call and notice thereof, President Dennis Probst called to order the Economic Development Authority (EDA) meeting at 6:04 p.m. Present: President Dennis Probst, Commissioners Beverly Aplikowski, David Grant, Gregg Larson, and Lois Rem. Absent: None. Also present were Executive Director, Joe Lynch; Secretary/Treasurer, Terrance R. Post; and Recording Secretary, Nancy Czajkowski. APPROVAL OF MEETING AGENDA MOTION: Commissioner Aplikowski moved and Commissioner Rem seconded a motion to adopt the agenda for the June 25, 2001 meeting of the Economic Development Authority. The motion carried unanimously (4-0). APPROVAL OF MINUTES A. December 4, 2000 Special EDA Meeting MOTION: Commissioner Larson moved and Commissioner Aplikowski seconded a motion to approve the December 4, 2000 Special EDA Meeting minutes as corrected above. The motion carried unanimously (4-0). UNFINISHED AND NEW BUSINESS A. Business Subsidy Criteria 1. Discussion 2. Schedule Public Hearing Mr. Post introduced Ms. Shelly Eldridge of Ehlers and Associates. Ms. Eldridge gave a presentation on Business Subsidy Criteria. In response to questions, she noted the Council could deviate from the criteria with documentation or it could revise the criteria through the public hearing process. She added one way to determine the base value of land would be by the county assessor when the property was going from tax exempt to taxable. She stated an alternative would be to get an appraiser to state the value of what land would be. She noted the value would be somewhere between what the city paid for it and what the market .