The Taconite Capital of the World

City of Mountain Iron, Minnesota

Economic Development Authority Meeting Minutes for November 16, 2011

Mountain Iron Economic Development Authority

Regular Meeting Minutes

November 16, 2011


A meeting of the Mountain Iron Economic Development Authority was called to order by President Tony Zupancich, at 5:30 p.m. with the following members present:  Barb Fivecoate, Bob Voss, Andrea Wilson, Jeremy Jesch and Susan Tuomela. Absent was Alan Stanaway. Also present was Executive Director, Craig Wainio.


Consent Agenda:  A motion was made by Fivecoate and supported by Tuomela to approve the consent agenda.  Motion passed unanimously by roll call vote.


Mike Jacobsen was present to discuss his project and the EDA will continue to work with him under some strict guidelines and pending further information from Mr. Jacobsen.


Joyce Manney was present to discuss the improvements taking place at Plaza 53 and to request additional financing for further improvements.  Tuomela moved and Fivecoate supported to approve a loan of $25,000 to Ms. Manney to be use only for building improvements.  Motion carried unanimously.


Resolution Number 01-11 Decertifying Tax Increment Financing District Number 1 was presented.  Voss moved and Fivecoate seconded that Resolution Number 01-11 be approved as presented.  Motion approve unanimously.


During open discussion, Chair Zupancich briefed the Board on the meeting with Mr. Kavajecz.


A motion was made by Fivecoate and supported by Tuomela to adjourn the meeting at 6:15 p.m.  Motion passed unanimously.


Respectfully submitted by:



Craig J. Wainio

Executive Director