The Taconite Capital of the World

City of Mountain Iron, Minnesota



Economic Development Authority Meeting Minutes for February 07, 2007

Minutes
Mountain Iron Economic Development Authority Meeting
February 7, 2007

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

A motion was made by Barb Fivecoate and supported by Bob Voss to accept the minutes of the January 17, 2007 meetings with the following addition: For the vote for Vice President of the E.D.A. Bob Voss received 4 votes and Barb Fivecoate received 3 votes. Motion passed unanimously.

A motion was made by Barb Fivecoate and supported by Bob Voss to pay the bills in the amount of $734.45 as presented. Motion passed unanimously

President, Tony Zupancich, opened the public forum.

Ed Roskoski asked questions regarding Resolution No. 02-07. He wanted to know if that project was applying for tax increment financing. Tony Zupancich said there was no tax incrementing financing. Ed Roskoski also wanted to know if the city will take responsibility for the RR spur on this property. Tony Zupancich responded that the developer would be responsible for the spur.
Being there were no further questions, Tony Zupancich ended the public forum.

Craig Wainio updated the authority on P & H saying that they were still interested however nothing was definite yet.

A motion was made by Barb Fivecoate and supported by Alan Stanaway to accept Resolution No. 01-07 “Authorizing the Execution of the Amendment to Development Agreement With Iron Range Investment Group, LLC”. The purpose of the resolution is to acquire additional property from the State of Minnesota for right of way purposes for the developer. Motion passed unanimously. 

A motion was made by Bob Voss and supported by Barb Fivecoate to accept Resolution No. 02-07 “Authorizing Application and Committing Local Match” for Mt. Timber Wood Products. Motion passed unanimously.

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

President Tony Zupancich adjoured the meeting at 5:50 p.m. 

Respectfully Submitted,
Mary Jacobsen

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