Committee Minutes

MINUTES/GROWTH FUND AUTHORITY (JDA)
Tuesday, February 19, 2002 - 7:00 p.m.__________

The city council of the city of Grand Forks sitting as the Growth Fund Authority met in the council chambers in City Hall on Tuesday, February 19, 2002 at the hour of 7:00 p.m. with President Gershman presiding. Present at roll call were Council Members Brooks, Bjerke, Stevens, Hamerlik, Burke, Glassheim, Lunak, Christensen, Klave, Kerian, Bakken, Kreun, Martinson, Gershman - 14; absent: Mayor Brown - 1.

APPROVE PURCHASE OPTION CONTRACT EXTENSION
WITH LM GLASFIBER TO FEBRUARY 2, 2004

The staff report from the Office of Urban Development relating to the LM Glasfiber purchase option contract extension, with recommendation to extend the LM Glasfiber purchase option contract to February 1, 2004.

President Gershman stated that this concerns a contract extension for the option on land (Lots C and D, Replat of Lots 1 and 2, Block 3, Maiers Fourth Resubdivision) by LM Glasfiber as they are expanding.

It was moved by Council Member Glassheim to approve the extension of the purchase option contract for Lots C and D, Replat of Lots 1 and 2, Block 3, Maiers Fourth Resubdivision) to February 1, 2004; seconded by Council Member Burke. Upon roll call the following voted "aye": Council Members Brooks, Bjerke, Stevens, Hamerlik, Burke, Glassheim, Lunak, Christensen, Klave, Kerian, Bakken, Kreun, Martinson, Gershman - 14; voting "nay": none. President Gershman declared the motion carried.

ADJOURN

It was moved by Council Member Lunak and seconded by Council Member Bakken that we adjourn. Carried 14 votes affirmative.

Respectfully submitted,



John M. Schmisek
City Auditor