2024-01-10 CC Packet - Laserfiche WebLink

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IX. NEW BUSINESS 1. Memorandum of Understanding Î LaLonde Redevelopment Administrator Statz introduced this item as presented in the packet. He provided an overview of the project and advised that approving this MOU signifies a commitment to the project, including TIF. Discussion ensued about the dollar amount and length the council would be okay with for this project. The consensus was about $2.5 million over a 10Î15-year period. The developer was present and answered questions about their proposed project as well as projects in other communities. Motion by Council Member Sweeney, seconded by Council Member Mosher to approve the MOU as presented. Councilmember Sweeney, Councilmember Mosher, Councilmember Koski and Mayor Love voted in favor. Councilmember Taylor (non-voting). Motion carried. 2. Service Agreement Î Northland Securities, Inc. Administrator Statz introduced this item as presented in the packet, noting that entering into this agreement authorized our finance consultant to perform work to determine if the project meets the Ðbut forÑ test and to determine what the gap is. 3. Resolution #23-0XX - 2024 Appointments Administrator Statz introduced this item as presented and the following changes are: Councilmember Taylor will serve on EDA. Councilmember Sweeney will serve on Fire Steering Committee Councilmember Sweeney will serve on Anoka County Fire Pro Council Councilmember Sweeney will serve on Parks and Recreation Councilmember Mosher second acting mayor *All other appointments are the same as last year Updates to Staff and Contracts BBG Abdo RBC Daine to RBC Wealth Mgmt Morton Capital Markets Motion by Council Member Koski, seconded by Council Member Mosher to approve the list of appointments. Councilmember Sweeney, Councilmember Mosher, Councilmember Koski and Mayor Love voted in favor. Councilmember Taylor (non-voting). Motion carried.