EDA 2010 02 22
CHANHASSEN ECONOMIC
DEVELOPMENT AUTHORITY
SPECIAL MEETING
FEBRUARY 22, 2010
Chairman Furlong called the meeting to order at 5:33 p.m.
MEMBERS PRESENT:
Tom Furlong, Bethany Tjornhom, Vicki Ernst and Jerry McDonald
MEMBERS ABSENT:
Bryan Litsey
STAFF PRESENT:
Todd Gerhardt, Laurie Hokkanen, Paul Oehme, and Greg Sticha
APPROVAL OF MINUTES:McDonaldmoved, Ernst seconded to approve the Minutes of
the Chanhassen Economic Development Authority meeting dated February 8, 2010 as
presented. All voted in favor and the motion carried unanimously with a vote of 4 to 0.
RESOLUTION APPROVING INTERFUND LOAN FOR CHANHASSEN TRANSIT
STATION PROJECT.
Greg Sticha presented the staff report on this item. Tom Furlong asked for clarification on the
terms of the Interfund Loan.
Ernst asked if the costs identified in the staff report had been identified in previous staff reports
or if they were new costs. Gerhardt responded that the costs had been previously identified; now
we are identifying the source of funds and assigning a source to each expense.
McDonald questioned when funds will be transferred. Sticha responded as expenses are
incurred.
Resolution #2010-02: Tjornhom moved, Ernst seconded that the Economic Development
Authority authorize a Resolution approving an Interfund Loan for Legal and Engineering
Costs to be Repaid with Tax Increment, Chanhassen Transit Station Project. All voted in
favor and the motion carried unanimously with a vote of 4 to 0.
Tjornhom moved, Ernst seconded to adjourn the meeting. All voted in favor and the
motion carried unanimously with a vote of 4 to 0. The Economic Development Authority
meeting was adjourned at 5:40 p.m.
Submitted by Todd Gerhardt
Executive Director
Prepared by Laurie Hokkanen