EDA 2001 07 09CHANHASSEN ECONOMIC
DEVELOPMENT AUTHORITY
SPECIAL MEETING
JULY 9, 2001
Chairman Boyle called the meeting to order at 6:35 p.m.
MEMBERS PRESENT: Gary Boyle, Robert Ayotte, Jim Bohn, Steve Labatt, and Craig Peterson
MEMBERS ABSENT: Linda Jansen
STAFF PRESENT: Todd Gerhardt, Acting City Manager; and Bruce DeJong, Finance Director
APPROVE RESOLUTION AUTHORIZING EXECUTION OF A PLEDGE AGREEMENT
CONCERNING THE $2~720~000 G.O. TAX INCREMENT REFUNDING BONDS~ SERIES
2001D.
Todd Gerhardt presented the staff report on this item. Jim Bohn asked Bruce DeJong to explain the City's
bond rating. Chairman Boyle asked for a motion.
Resolution #2001-02: Bohn moved, Ayotte seconded that the Economic Development Authority
approve a Resolution authorizing the Pledge Agreement, the execution of the Agreement and the
filing of the Pledge Agreement in the amount of $2,720,000 G.O. Tax Increment Refunding Bonds,
Series 2001D, with the Carver County Auditor. All voted in favor and the motion carried
unanimously 5 to 0.
Jim Bohn asked Todd Gerhardt to explain the status of the City's tax increment financing districts. Robert
Ayotte asked about the time table when cities would know the ramifications from the State Legislature's
recent actions.
Chairman Boyle adjourned the Economic Development Authority meeting at 6:40 p.m.
Submitted by Todd Gerhardt
Acting City Manager
Prepared by Nann Opheim