EDA 1999 04 20ECONOMIC DEVELOPMENT AUTHORITY MINUTES
TUESDAY, APRIL 20, 1999
A special meeting of the Chanhassen Economic Development Authority was called to order at
5:30 p.m. by Chairman Boyle. The following members were present: Gary Boyle, Jim Bohn,
Steve Labatt, and Linda Jansen. Members absent were: Nancy Mancino, Mark Senn, and Mark
Engel. Staff present: Don Ashworth, Economic Development Director and Todd Gerhardt,
Acting City Manager. Also present: Gary Brown.
CONSIDER ASSIGNING THE GARY KIRT LOAN (HANUS FACILITY) TO GARY
BROWN: Following a short presentation by city staff, and Mr. Brown responding to various
questions, Bohn moved, seconded by Labatt to approve the assignment of the existing mortgage
from Gary Kirt to Gary Brown. Approval was as recommended by staff at the last regular EDA
meeting (Thursday, April 15) with the exception that Mr. Brown would be offered an incentive of
6% of the remaining principal balance should he find financing to take out the city's mortgage
during the next three years. All voted in favor and the motion carried.
The meeting was adjourned at 6:30 p.m.
Don Ashworth
Economic Development Director