HomeMy WebLinkAbout2026/03/02 - ADMIN - Minutes - Economic Development Authority - RegularOfficial minutes
EDA meeting
St. Louis Park, Minnesota
March 2, 2026
1. Call to order
President Farris called the meeting to order at 6:01 p.m.
a. Roll call.
Commissioners present: Daniel Bashore, Jim Engelking, Sue Budd, Tim Brausen, Nadia
Mohamed, President Yolanda Farris
Commissioner absent: Paul Baudhuin
Staff present: city manager (Ms. Keller), deputy city clerk (Ms. Scott-Lerdal), human resources
director (Ms. Vorpahl)
2. Approve agenda.
It was moved by Commissioner Budd, seconded by Commissioner Brausen, to approve the
agenda as presented.
The motion passed 6-0 (Commissioner Baudhuin absent).
3. Minutes.
a. EDA meeting minutes of February 17, 2026
It was moved by Commissioner Mohamed, seconded by Commissioner Bashore, to approve the
EDA meeting minutes of Feb. 17, 2026, as presented.
The motion passed 6-0 (Commissioner Baudhuin absent).
4. Consent items.
a. Approve EDA disbursements
b. EDA Resolution No. 26-06 approving preliminary development agreement with Sentinel
Management Company for redevelopment of the Wooddale Station site - Ward 2
c. EDA Resolution No. 26-07 approving collateral assignment and subordination
agreement related to the Terasa redevelopment - Ward 4
It was moved by Commissioner Budd, seconded by Commissioner Brausen, to approve the
consent items as listed and to waive reading of all resolutions.
The motion passed 6-0 (Commissioner Baudhuin absent).
5. Public hearings – none.
Docusign Envelope ID: BF69CD2E-47C5-467B-B277-3445EEE3EE85
Economic Development Authority -2- March 2, 2026
6. Regular business – none.
7. Communications and announcements – none.
8. Adjournment.
The EDA meeting adjourned at 6:02 p.m.
______________________________________ ______________________________________
Melissa Kennedy, city clerk Yolanda Farris, president
These minutes were created with the assistance of a generative AI transcript service, then edited
and finalized by a city staff person.
Docusign Envelope ID: BF69CD2E-47C5-467B-B277-3445EEE3EE85