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EDA 2006 01 23 CHANHASSEN ECONOMIC REDEVELOPMENT AUTHORITY SPECIAL MEETING JANUARY 23, 2006 Chairman Furlong called the meeting to order at 6:50 p.m. MEMBERS PRESENT: Tom Furlong, Bethany Tjornhom, Craig Peterson, Brian Lundquist and Steve Labatt STAFF PRESENT: Todd Gerhardt, Executive Director; Roger Knutson, City Attorney and Justin Miller, Assistant Executive Director Furlong: This is our first meeting for the year, want to do a quick organizational item? If there's no objection we'll add that to the first item of the agenda, to elect a chair and a vice chair. Open up nominations for Chair. Peterson moved, Lundquist seconded to nominate Tom Furlong as Chair of the EDA. All voted in favor and the motion carried unanimously with a vote of 5 to O. Lundquist moved, LabaU seconded to nominate Craig Peterson as Vice Chair for the EDA. All voted in favor and the motion carried unanimously with a vote of 5 to O. Furlong: Anything else from an organizational standpoint we need? Okay, thank you everyone. Any other changes then to the agenda that was distributed prior to the meeting? With that we'll move to item, the first item on the agenda for the EDA. REQUEST CITY COUNCIL TO CALL FOR PUBLIC HEARING: SAND COMPANIES AFFORDABLE HOUSING TIF DISTRICT. Miller: Good evening Mr. Chair, members of the EDA. If you remember a few weeks ago the Sand Companies was, they were awarded tax credits for their proposed affordable housing apartment complex on the comer of Highways 41 and new 212. Part of that application did say that the City would. Lundquist: 41 or 10 1 ? Miller: I'm sorry, 101. Excuse me. Part of that application did state that the City would look at the possibility of providing TIP assistance for this project. This will be EDA, the proposed district would be an EDA district, but only the City Council can actually go through the process so this action tonight is simply requesting that the EDA requesting that the City Council call for the public hearing and that would be on April 10th of 2006. So staff would recommend that the Chanhassen request that the City Council call for the public hearing for August 10, 2006. I'd be glad to answer any questions. Furlong: Are there any questions on this? Economic Development Authority - January 23,2006 Lundquist: We'll go into specifics during that public hearing? Labatt: Did you say August 10th or March 10th? Lundquist: April. He said August but it's April. Miller: Sorry. Furlong: It's also on Highway 41. It's somewhere within the city Mr. Miller. Miller: Somewhere this year. Furlong: And the public hearing's this year for the EDA district somewhere in the city. Any other questions or clarifications? Lundquist: I would move approval of the motion. Furlong: Alright. Is there a second? Tjomhom: Second. Furlong: Made and seconded. Any discussion on the motion? Lundquist moved, Tjornhom seconded that the EDA request the City Council call for a public hearing to be held on April 10, 2006 on the proposed establishment of Tax Increment Financing District #9. All voted in favor and the motion carried unanimously with a vote of 5 to O. APPROVAL OF MINUTES: Lundquist moved, Peterson seconded to adopt the verbatim and summary minutes of the Economic Development Authority meeting dated December 12, 2005 as presented. All voted in favor and the motion carried unanimously with a vote of 5 to O. Furlong: Is there anything else to come before the EDA this evening? Miller: No sir. Lundquist moved, Peterson seconded to adjourn the meeting. All voted in favor and the motion carried. The EDA meeting was adjourned at 6:55 p.m.. Submitted by Todd Gerhardt Executi ve Director Prepared by Nann Opheim 2