Committee Minutes

MINUTES/GROWTH FUND AUTHORITY (JDA)
Monday, April 22, 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 Monday, April 22, 2002 at the hour of 7:00 p.m. with Vice President Brooks presiding. Present at roll call were Council Members Brooks, Bjerke, Stevens, Hamerlik, Glassheim, Christensen, Klave, Kerian, Bakken, Kreun, Martinson, Mayor Brown - 12; absent: Council Members Burke, Gershman, Lunak - 3.

LM GLASFIBER LEASE ADDENDUM FOR FACILITY
EXPANSION

The staff report from the Office of Urban Development relating to the LM Glasfiber lease for facility expansion, with recommendation to approve the lease between LM Glasfiber and the Grand Forks Growth Fund subject to city attorney approval of language contained in Section 17.

Terry Hanson, Office of Urban Development, requested that the Jobs Development Authority approve the lease for 12 year to LM Glasfiber for a 38,000 sq.ft. addition that they have added to the building that they are leasing from the JDA.

Council Member Christensen stated that he had asked Jim Melland if the land upon which the building sits has been conveyed by the EDC to the JDA and if that has been done. Mr. Swanson, city attorney, stated the title to the land is held by the City of Grand Forks, it is leased to the JDA subject to a sub-lease and an assignment of rents. Mr. Christensen asked if the EDC is involved in this in any aspect. Mr. Swanson stated that the EDC conveyed their interest to the City of Grand Forks; that there are two separate political bodies and title is held either by the City or by the JDA and in this case held by the City.

Council Member Christensen moved to approve the recommendation and the lease. Council Member Klave seconded the motion. Upon roll call the following voted "aye": Council Members Brooks, Bjerke, Steven, Hamerlik, Glassheim, Christensen, Klave, Kerian, Bakken, Kreun, Martinson, Mayor Brown - 12; voting "nay": none. Vice President Brooks declared the motion carried.

ADJOURN

It was moved by Council Member Hamerlik and seconded by Council Member Martinson that we do now adjourn. Carried 13 votes affirmative.

Respectfully submitted,



Candi Stjern
Acting City Auditor