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Motion by Member John LeTourneau, Seconded by Member Riley, to elect Lydia Scheiber as <br />the 2002 Vice-Chairperson/Treasurer. <br /> <br />Motion carried. Voting Yes: Chairperson Ken Wagner, Members Anderson, Zimmerman, <br />LeTourneau and Riley. Voting No: None. Absent: Members Blaha and Scheiber. <br /> <br />Case #2: Tax Generation Comparison <br /> <br />During the EDA meeting of November 14, the EDA discussed tax generated by commercial and <br />industrial properties. During the meeting the City Administrator commented on the relationship <br />between the tax dollars generated by both commercial and industrial (C/I) property. It was stated <br />that commercial property generated less than double what industrial property generated. <br />Members of the EDA raised a question regarding the comparison between residential, <br />commercial, and industrial. Staff was directed to attempt to answer the inquiry. <br /> <br />A market value analysis was provided for the EDA review. Staff pointed out that the study <br />showed little difference between C/I and residential properties for smaller C/I with higher density <br />residential properties, however, showed significant differences in tax generation with residential <br />property in large lot rural areas of the City. <br /> <br />Councihnember Anderson stated that it would be interesting to see how the fiscal disparities <br />would come into play in the tax generation comparison between C/I and residential property. <br /> <br />Case #3: Information on the Highway #10 Presentation by MnDOT <br /> <br />On November 20, 2001, a presentation was made to the City by MnDOT and Howard Green, the <br />consulting firm hired by MnDOT, regarding the Highway #10 Corridor Study. After a brief <br />discussion by the EDA, it was the consensus to have the City decide what their position would be <br />regarding the alignment and direct development accordingly. <br /> <br />The EDA discussed the Highway #10 Study initiated by the EDA earlier in the year. It was <br />determined that the Highway # 10 Frontage Road Study, performed by HKGi, should be reviewed <br />and be updated according to the MnDOT Highway # 10 Corridor Plan. <br /> <br />ADJOURNMENT <br /> <br />Motion by Member LeToumeau, seconded by member Riley, to adjourn the meeting. <br /> <br />Motion carried. Voting Yes: Chairperson Wagner, Members Anderson, LeToumeau, Riley and <br />Zimmerman. Voting No: None. Absent: Members Blaha and Scheiber. <br /> <br />Economic Development Authority/ <br />December 10, 2001 <br /> Page 2 of 3 <br /> <br /> <br />