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MINUTES New Brighton Economic Development Commission Regular Meeting—May 11, 2004 7:00 a.m. Members/Liaisons Present: Bob Benke, Mary Burg, Gene Delaune, Dennis Flahave (7:10 am), Linda Harmon, Ken Johnson, John Kaufhold(7:15 am), Steve Larson, Mark Nelson, Maxine Pierson, Gary Stang, Jim Witkowski. Members/Liaisons Absent: None. Staff Present: Matt Fulton, David Black. e.> Call to Order Linda Harmon called the meeting to order at 7:05 a.m. Approval of Minutes The minutes of April 13, 2004 were presente*r . 'royal. 11 approved. I r Brighton Village Report _ Black reported that Kraus-Anderon remain int ted in the redevelopment of the area. Snyder's has signed a new lease. Tie comp, i y is interested in a new store, but wants to reevaluate the site plan. St ff is sc led t i eet next week with the new Director of Real Estate Development, Cynea Hable. on asked what the goal would be for that meeting. Fulton replied that we ld ree asi , - Immunity objectives in the redevelopment, namely that the area an im rtant c I ercial center. Residents are less interested in office or : 'ng uses. Ot parties must continue to work through the issues as they come up. Northwest 1, , ,rant '4 i ort Corporate Us; . Black reported that staff was continuing to work with Medtronic on the outline of a basic finan 'a,,agreement. Fulton added that the City expects to be repaid first from increments gen ted from the new construction, which would also provide an incentive for the company to build later phases. In addition, we are insisting that the City not be required to come up with general funds to pay for our required fiscal disparities contribution, and that we be allowed to take sufficient administrative costs from later phases to avoid future restrictions in our redevelopment program. Larson added that City representatives testified several weeks ago at the legislature, along with Medtronic people. Black noted that scheduling issues are emerging as the company wants to