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MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
November 20, 1989
MICROFILMED
l. Call to order
President Duffy called the meeting to order at 7:00 p.m.
2. Roll call
The following Commissioners were present at roll call: Bruce Battaglia, Allen
Friedman, Lyle Hanks, Keith Meland, Larry Mitchell, Jane Tschida and Thomas
Duffy.
Also present were the Executive Director, City Attorney and Director of Community
Development.
3 Approval of minutes of November 6, 1989 meeting
It was moved by Commissioner Battaglia, seconded by Commissioner Hanks, to
approve the minutes. The motion passed unanimously with Commissioner Meland abstaining.
$. Approval of agenda
It was moved by Commissioner Hanks, seconded by Commissioner Battaglia to
approve the agenda for November 20, 1989. The motion passed unanimously.
5. Reports
a. Status report: Settlement with St. Louis Centre Partners
It was the consensus a closed meeting was not necessary.
Attorney Steilen referenced a proposed settlement agreement before the Authority
in re the On the Avenue litigation.
It was moved by Commissioner Hanks, seconded by Commissioner Jane Tschida
to approve the proposed settlement
Commissioner Battaglia asked what possible outstanding liability the Authority
could be exposed to that is not covered by the agreement.
The City Attorney said the Authority had two things to be concerned about:
the amount of the condemnation award which is currently under appeal; and
the determination of how developable the land (Wilkins) is and the question
of loss of a going concern.
Commissioner Friedman asked if the three areas of settlement could be outlined
in terms of the letter of credit, the lien and cash.
The Cit y Attorney briefly addressed the content of a press release that would
be released should the Authorit y approve the proposed settlement which touched
on the three areas brought up by Commissioner Friedman.
Commissioner Friedman was opposing the motion because he believed there would
not be a protracted lawsuit , that there would be a settlement and that such
a settlement would be more favorable that what is being proposed.
The motion passed 6-1 (Commissioner Friedman opposed).
7. Adjournment
It was moved by Commissioner Friedman, seconded by Commissioner Hanks, to
adjourn the meeting at 7:15 p.m. The motion passed unanimously.
Executive Director