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HomeMy WebLinkAbout2026/05/04 - ADMIN - Minutes - Economic Development Authority - RegularOfficial minutes EDA meeting St. Louis Park, Minnesota May 4, 2026 1. Call to order. President Farris called the meeting to order at 6:11 p.m. a. Roll call Commissioners present: Daniel Bashore, Jim Engelking, Sue Budd, Nadia Mohamed, Tim Brausen, Paul Baudhuin, President Yolanda Farris Commissioners absent: none Staff present: city manager (Ms. Keller), city attorney (Mr. Mattick), engineering project manager (Mr. Elgaard), deputy engineering director (Mr. Sullivan), community engagement coordinator (Mr. Coleman) 2. Approve agenda. It was moved by Commissioner Brausen, seconded by Commissioner Mohamed, to approve the agenda as presented. The motion passed 7 – 0. 3. Minutes. a. EDA meeting minutes of April 6, 2026 It was moved by Commissioner Budd, seconded by Commissioner Bashore, to approve the EDA meeting minutes of April 6, 2026, as presented. The motion passed 7 – 0. 4. Consent items. a. Approve EDA disbursements b. EDA Resolution No. 26-12 approving sub-grant agreement related to Tax Base Revitalization Account grant for Beltline Station development - Ward 1 c. EDA Resolution No. 26-13 approving transfer of 4300 36 1/2 Street from the EDA to the city - Ward 2 Commissioner Brausen noted that consent item 4c involved a property the EDA had acquired for potential affordable commercial development. After approximately a year and a half of study, the city concluded the investment required was not cost-effective and decided to return the property to the private market via transfer to the city and subsequent sale. Docusign Envelope ID: CDBCAED0-32BE-81BD-833D-4F81BB0A43F4 Economic Development Authority -2- May 4, 2026 It was moved by Commissioner Baudhuin, seconded by Commissioner Brausen to approve consent items as listed and to waive reading of all resolutions. The motion passed 7 – 0. 5. Public hearings – none. 6. Regular business – none. 7. Communications and announcements – none. 8. Adjournment. The EDA meeting adjourned at 6:14 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: CDBCAED0-32BE-81BD-833D-4F81BB0A43F4