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Economic Development Authority Minutes Page 3 <br /> October 20,2014 <br /> Mr. Barnhart provided a handout with a summary of businesses that were abated <br /> since 2004. <br /> President Tveite asked if this would be setting a new precedence for what's been <br /> done in the past. Mr. Barnhart noted that each application is different, and <br /> precendentprecedent can be argued both ways. <br /> Commissioner Wilson felt it would be best to refer back to Finance Committee to <br /> review these issues and provide a recommendation at next month's EDA meeting <br /> next month. <br /> Commissioner Westgaard agreed. <br /> Moved by Commissioner Wilson and seconded by Commissioner <br /> Dwyer to continue the public hearing for Stonesthrow Properties, <br /> LLC (Coin-Tainer) Tax Abatement and Microloan Review to <br /> November 17, 2014. <br /> Motion carried 6-0. <br /> 5.2 Sell a 1.31 Acre Portion of Northstar Business Park Lot I, Block I to <br /> Scatman Holdings, LLC (Professional Service Bureau, PSB) to <br /> Facilitate Parking Lot Construction <br /> Mr. Barnhart presented the staff report. <br /> President Tveite opened public hearing. There being no one present, he closed the <br /> public hearing. <br /> Commissioner Westgaard asked if the approval of the resolution covers the <br /> contingency that final authorization comes from the City Council to be heard later <br /> this evening. <br /> Mr. Barnhart confirmed this. <br /> Moved by Commissioner Westgaard and seconded by Commissioner <br /> Motin to approve Resolution 14-07 Approving Conveyance of Real <br /> Property of Lot I, Block I, Northstar Business Park, and Approve the <br /> Purchase Agreement to Scatman Holdings, LLC (Professional Service <br /> Bureau, PSB) to Facilitate Parking Lot Construction as outlined in the <br /> staff report. <br /> Motion carried 6-0. <br /> 6.1 Nominate an EDA Member to the Public Art Installation Judging <br /> Panel <br /> i E R E B 111 <br /> NATUR <br />