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EDA 2006 03 13 CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY SPECIAL MEETING MARCH 13, 2006 Chairman Furlong called the meeting to order at 11: 17 p.m. MEMBERS PRESENT: Tom Furlong, Brian Lundquist, Bethany Tjornhom and Craig Peterson MEMBERS ABSENT: Steve Labatt STAFF PRESENT: Todd Gerhardt, Executive Director; Justin Miller, Assistant Executive Director; and Kate Aanenson, Community Development Director; and Roger Knutson, City Attorney RELEASE OF LAND FROM CONTRACTS FOR PRIVATE REDEVELOPMENT. LOT 1. BLOCK 1. MARKET SQUARE SECOND ADDITION. Miller: Mayor, council. Wendy's International is looking to sell the Wendy's restaurant here in town to a local franchisee. In order to do that they'd like to clear up some contracts that were recorded against their property. All of the obligations of this contract have been met so staff would recommend that you approve the release as presented. Furlong: So the release has been requested. Staff is recommending it. Any questions or discussion? On this issue. Lundquist: Motion to approve. Peterson: Second. Furlong: Made and seconded. Any discussion on the motion? Is there any public comment? Seeing none, proceed with the motion. Lundquist moved, Peterson seconded to approve the Release of Land from Contracts for Private Redevelopment for Lot 1, Block 1, Market Square Second Addition. All voted in favor and the motion carried unanimously with a vote of 4 to o. APPROVAL OF MINUTES: Lundquist moved, Tjornhom seconded to approve the minutes of the Economic Development Authority meeting dated January 23, 2006 as presented. All voted in favor and the motion carried unanimously with a vote of 4 to O. Lundquist moved, Peterson seconded to adjourn the meeting. All voted in favor and the motion carried. The EDA meeting was adjourned at 11:19 p.m. Submitted by Todd Gerhardt, Executive Director Prepared by Nann Opheim