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<br />. <br /> <br />. <br /> <br />. <br /> <br />Economic Development Authority Minutes <br />June 11, 1990 <br /> <br />Page 3 <br /> <br />THE MOTION CARRIED 4-0. <br /> <br />7. <br /> <br />Le~islative Update TIF <br /> <br />Tim Keane, City Attorney, indicated that he had requested Public Corp. <br />to prepare some examples and tables regarding the impact of the new TIF <br />laws on the City. He indicated that the State Legislature has created <br />a sliding scale for offsetting the benefit of TIF to the community and <br />distributing the TIF benefit to the school district. Mr. Keane & Mr. <br />Mulrooney reviewed the affects of the new TIF laws with the EDA. <br /> <br />8. Other Business <br /> <br />There was no other business at this meeting. <br /> <br />9. Executive Director Update <br /> <br />No update items were presented at this time. <br /> <br />10. Adjournment <br /> <br />There being no further business, COMMISSIONER HOLMGREN MOVED TO ADJOURN <br />THE MEETING. COMMISSIONER GONGOLL SECONDED THE MOTION. THE MOTION <br />CARRIED 4-0. <br /> <br />The meeting of the Economic Development Authority adjourned at 10:05 p.m. <br /> <br />Respectfully submitted, <br /> <br />~~ <br /> <br />S~ndra Thackeray . <br />City Clerk <br />