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HomeMy WebLinkAbout12-08-14 I't --AN HILLS Approved: January 26, 2015 CITY OF ARDEN HILLS, MINNESOTA SPECIAL ECONOMIC DEVELOPMENT AUTHORITY MEETING DECEMBER 8, 2014 5:15 PM—ARDEN HILLS CITY HALL CALL TO ORDER/ROLL CALL Pursuant to due call and notice thereof, President Grant called to order the special Economic Development Authority meeting at 5:20 p.m. Present: EDA President David Grant; EDA Commissioners Brenda Holden, Fran Holmes, Dave McClung, and Ed Werner Also present: Secretary Patrick Klaers and Treasurer Sue Iverson 1. APPROVAL OF AGENDA Item 4A. was corrected to read Approve EDA 2015 Budgets MOTION: EDA Commissioner Holmes moved and EDA Commissioner Holden seconded a motion to approve the agenda as amended. The motion carried unanimously(5-0). 2. APPROVAL OF MINUTES A. September 8, 2014 MOTION: EDA Commissioner Holmes moved and EDA Commissioner McClung seconded a motion to approve the September 8, 2014, Economic Development Authority minutes as presented. The motion carried unanimously (5-0). 3. NEW BUSINESS None 4. OLD BUSINESS ARDEN HILLS SPECIAL EDA MEETING—DECEMBER 8, 2014 2 A. Approve EDA 2015 Budgets Treasurer Iverson gave a brief introduction and overview to the 2015 EDA budgets. EDA Commissioner McClung asked if the 2015 EDA General Fund budget had already been approved in September. Treasurer Iverson stated that this was the case but that the non General Fund budgets of the EDA were not approved at that time. MOTION: EDA Commissioner Holden moved and EDA Commissioner Holmes seconded a motion to approve the Revolving Loan, TIF 2, TIF 3, and TIF 4 budgets as proposed. The motion carried unanimously (5-0). Secretary Klaers commented that TIF 2 will be expiring in 2015. EDA Commissioner Holmes questioned the status of the TIF 2 budgeted revenues in 2015. Treasurer Iverson indicated that the projected revenues are only estimates at this time. 4. ADJOURN MOTION: EDA President Grant moved and EDA Commissioner Holmes seconded a motion to adjourn the Economic Development Authority meeting. The motion carried unanimously (5-0). EDA President Grant adjourned the special Economic Development Authority meeting at 5:29 p.m. Patrick Klaers David Grant Secretary EDA President Request for Special Economic Development Authority (EDA) Meeting A special meeting may be called by the President of the EDA or by any two EDA Members. Reason for meeting: To Approve 2015 EDA Budgets Requested Date: 12/08/14 Requested time: 5:15 PM Open meeting X Signature of person(s) making request: Closed meeting 12/ 02/ 14 President or EDA Member Date / EDA Member Date -This section to be completed by City staff - Date received: / / 1 Date meeting to be held: 12/08/14 Time of meeting: 5:15 PM Location: City Hall All necessary posting and notices have been completed. Si nature of City Clerk Date