EDA

10801 Town Square Drive City of Blaine Blaine MN 55449 Anoka County, Minnesota Minutes - Final EDA The purpose of the Blaine Economic Development Authority is to increase the City’s commercial/industrial tax base, provide employment opportunities, undertake redevelopment to enhance and maintain neighborhood economic stability, and address special needs, such as senior housing. As authorized under Minnesota State statutes, the Blaine City Council also serves as the Blaine Economic Development Authority. Thursday, July 9, 2015 7:15 PM Council Chambers 1 Call to Order The meeting was called to order at 7:15 p.m. by President Ryan followed by the Roll Call. 2 Roll Call Quorum present. ALSO PRESENT: City Attorney Patrick Sweeney; Planning and Community Development Director Bryan Schafer; Public Services Manager Bob Therres; Finance Director Joe Huss; Police Chief/Safety Services Manager Chris Olson; City Engineer Jean Keely; Accounting Supervisor Bonnie Friedrich, Senior Engineering Technician Al Thorp; City Clerk Catherine Sorensen; and Recording Secretary Linda Dahlquist. Present: 7 - Comissioner Bourke, Comissioner Clark, Comissioner Herbst, Comissioner Hovland, President Ryan, Comissioner Swanson, and Comissioner King 3 Minutes None 4 New Business 4-1 EDA RES 15-08 APPROVING TAX INCREMENT FINANCING PLAN AND REDEVELOPMENT PLAN MODIFICATIONS AND DEVELOPMENT AGREEMENT (INFINITE CAMPUS) Finance Director Huss stated this resolution provides an amendment to the Economic Development Project Plan to expand the plan’s project area to include the Infinite Campus site on 109th Avenue and Lexington Avenue and approval of a Development Agreement with Infinite Campus that would provide financial assistance of pooled TIF funds to expand the corporate City of Blaine Page 1 EDA Minutes - Final July 9, 2015 headquarters. He noted Infinite Campus plans to add 110,000 square feet to the building and add 400 additional employees. Moved by Commissioner Clark, seconded by Commissioner Herbst that Resolution 15-09, “Approving Tax Increment Financing Plan and Redevelopment Plan Modifications and Development Agreement (Infinite Campus),” be approved. Motion adopted unanimously. Aye: 7 - Comissioner Bourke, Comissioner Clark, Comissioner Herbst, Comissioner Hovland, President Ryan, Comissioner Swanson, and Comissioner King 5 Other Business None. 6 Adjournment Moved by Commissioner Herbst, seconded by Commissioner Hovland, to adjourn the meeting at 7:22 p.m. Motion adopted unanimously. Aye: 7 - Comissioner Bourke, Comissioner Clark, Comissioner Herbst, Comissioner Hovland, President Ryan, Comissioner Swanson, and Comissioner King City of Blaine Page 2