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<br />e <br /> <br />e <br /> <br />e <br /> <br />Economic Development Authority Minutes <br />December 14, 1998 <br /> <br />Page 3 <br /> <br />9. Discuss Associated Developer's Proiect <br /> <br />Chair Duitsman indicated that there has been discussion on the cost of sewer <br />and water for East Elk River. He indicated that the cost for the sewer and water <br />is on the high end. He noted that TIF dollars are needed to pay for shortfall. He <br />requesting the EDA to consider limiting the amount given to Associated <br />Developers to $1,000,000 for commercial development $2.85 million total <br />(industrial included). <br /> <br />COMMISSIONER BENDER MOVED TO LIMIT THE AMOUNT OF TIF MONEY TO <br />ASSOCIATED DEVELOPERS FOR USE ON THE COMMERCIAL AREA OF THE PROJECT <br />TO $1,000,000. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION <br />CARRIED 5-0. <br /> <br />10. Other Business <br /> <br />Paul Steinman stated that he has received a written request from Solar Attic, a <br />business incubator tenant to extend the lease by I year. Paul suggested <br />guaranteeing the amount of the extension by a certain period to allow space <br />for future tenants. <br /> <br />Commissioner Dwyer suggested limiting the extension to no more than one year. <br />Paul Steinman recommended increasing the lease amount. <br /> <br />Paul Steinman informed the EDA that he will be meeting with representatives of <br />the post office to discuss the proposed location. <br /> <br />11. <br /> <br />Adiournment <br /> <br />THERE BEING NO FURTHER BUSINESS, COMMISSIONER BENDER MOVED TO ADJOURN <br />COMMISSIONER GONGOLL SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br />THE EDA MEETING ADJOURNED AT 6:40 P.M. <br /> <br />Respectfully submitted, <br /> <br />A~ /J ~/JA <br />.. ~CC-- /~ <br />Sandra Peine <br />City Clerk <br />