EDA 2004 07 12CHANHASSEN ECONOMIC
DEVELOPMENT AUTHORITY
SPECIAL MEETING
JULY 12, 2004
Chairman Furlong called the meeting to order at 8:12 p.m.
MEMBERS PRESENT: Tom Furlong, Steve Labatt, Bob Ayotte, Brian Lundquist and
Craig Paterson
STAFF PRESENT: Todd Gerhardt, Executive Director; Justin Miller, Assistant
Executive Director and Tom Scott, City Attorney
Furlong: There are three items on our agenda this evening. Are there any additions or
deletions to those agenda items?
Miller: Mayor, just a note that the correction to item 2 was placed before you.
Furlong: Thank you. Did everybody get a copy of that? And the change was really.
Miller: Paragraph 3 on the actual resolution. To add amendment to the tax increment
plan. Just allowing for the sale of bonds.
Mayor Furlong: Thank you. Thank you for the clarification. With regard to the nature
of the items, is there a desire, it would be my suggestion that this EDA consider all three
items in a single motion, similar to a consent agenda, unless there's a desire to separately
discuss. Councilman Ayotte, would you like to separately discuss any of these items?
Ayotte: No, no.
Mayor Furlong: Or have ! already talked too long? With that is there a motion to
approve items 1, 2, and 3 on our agenda?
Ayotte: So moved.
Mayor Furlong: Is there a second?
Lundquist: Second.
Mayor Furlong: Is there any discussion?
Lundquist moved, Ayotte seconded to approve the following items per city staff
recommendations:
1. Consider Refinance of Chanhassen Cinema and Frontier TIF Notes.
Economic Development Authority - July 12, 2004
2. Resolution #2004-01: Approval of Tax Increment Pledge Agreement for
Refinanced TIF Notes as amended in paragraph 3 of the resolution.
3. Approval of Minutes dated April 12, 2004.
All voted in favor and the motion carried unanimously with a vote of 5 to 0.
Lundquist moved, Ayotte seconded to adjourn the meeting. All voted in favor and
the motion carried. The EDA meeting was adjourned at 8:14 p.m.
Submitted by Todd Gerhardt
Executive Director
Prepared by Nann Opheim
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