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2. The redevelopment plan for the redevelopment area in the City will afford maximum <br /> opportunity consistent with the needs of the locality as a whole, for the redevelopment <br /> of the area by private enterprise. <br />3. gl'he redevelopment plan conforms to the general plan for development of the City as a <br /> whole. <br /> <br />Finance Officer Lund indicated on February 2, 2005, the EDA held a special meeting to adopt a <br />Resolution initiating the process for establishment of a redevelopment plan. At its regular <br />meeting of February 8, 2005, City Council adopted a resolution initiating the process for <br />approval of the redevelopment project area and called for a public hearing on the redevelopment <br />plan. Thc EDA will be asked to adopt a resolution approving the redevelopment project area and <br />plan at its regular meeting of March 9, 2005. <br /> <br />Citizen Input <br /> <br />There was none. <br /> <br />Motion by Councilmember Cook, seconded by Councilmember Olson, to close the public <br />hearing. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Cook, Olson, Elvig, Pearson, and <br />Strommen. Voting No: None. Absent: CouncilmemberJeffrey. <br /> <br />The public hearing was closed at 7:20 p.m. <br /> <br />Council Business <br /> <br />Mayor Gamec called the regular City Council meeting back to order at 7:20 p.m. <br /> <br />Motion by Councilmember Cook, seconded by Councilmember Elvig, to adopt Resolution #05- <br />03~073 approving redevelopment project area and plan. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Cook, Elvig, Olson, Pearson, and <br />Strommen. Voting No: None. Absent: Councilmember Jeffrey. <br /> <br />Case #3: <br /> <br />Public Hearing to Consider Execution of a Business Subsidy Agreement with <br />Professional Properties, LLC <br /> <br />Mayor Gamec closed the regular portion of the City Council meeting at 7:21 p.m. in order to <br />conduct a public hearing. <br /> <br />Public Hearing <br /> <br />Mayor Gamec called the public hearing to order at 7:21 p.m. <br /> <br />City Council/March 8, 2005 <br /> Page 7 of 18 <br /> <br /> <br />