The Taconite Capital of the World

City of Mountain Iron, Minnesota

Economic Development Authority Meeting Minutes for April 04, 2007

Mountain Iron Economic Development Authority Meeting
April 4, 2007

President Tony Zupancich called the Economic Development Authority meeting to order at 5:30 p.m. with the following members present: Allen Nelson, Mary Jacobsen and Alan Stanaway. Also present was Executive Director, Craig J. Wainio. Absent: Barb Fivecoate, Bob Voss and Andrea Wilson. 

A motion was made by Allen Nelson and supported by Mary Jacobsen to approve the minutes of the March 6, 2007 meeting and to pay the bills owing in the amount of $15,638.56 as presented. Motion carried unanimously by roll call vote.

Barb Fivecoate joined the meeting at 5:33 p.m.

The Resolution of the Mt. Iron E.D.A. Authorizing the Execution of the First Amendment to the Development Agreement with Iron Range Investment Group, LLC was reviewed. This resolution will change the legal description from the recently platted version to the unplatted original legal. A motion was made by Barb Fivecoate and supported by Allen Stanaway to approve the resolution. Motion carried unanimously.

Bob Voss joined the meeting at 5:45 p.m.

Gary Cerkvenik gave an update on the energy project. 

Craig Wainio informed the authority that a $200,000 Redevelopment Grant was received for the Renewable Energy Industrial Park site. 

A motion was made by Barb Fivecoate and supported by Mary Jacobsen to adjourn the meeting. Motion passed unanimously.

President, Tony Zupancich, adjourned the meeting at 5:55 p.m.

Respectfully Submitted,

Mary Jacobsen