HomeMy WebLinkAbout1990/02/20 - ADMIN - Minutes - Economic Development Authority - RegularMICRO=IL
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MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
February 20, 1990
1. Call to order
The meeting was called to order at 6:45 by President Keith Meland.
2. Roll call
The following Commissioners were present at roll call: Bruce Battaglia,
Allen Friedman, Larry Mitchell, Jane Tschida and Keith Meland.
Also present were the Executive Director, City Attorney and Director of
Community Development.
3. Approval of minutes
It was moved by Commissioner Battaglia, seconded by Commissioner Mitchell,
to approve the minutes of the Feb. 5, 1990 meeting. The motion passed
5-0.
4. Approval of agenda
It was moved by Commissioner Mitchell, seconded by Commissioner Battaglia,
to approve the agenda.
The motion passed 5-0.
5. Reports
a. Review of proposed tax increment finance p 1 an - The City Manager noted
this item followed action taken by the Authority recently when it authorized
preparation of an amendment to expand and modify various districts and
consolidate them.
Counci lmember Friedman was concerned about including areas that down the
road might be subject to criticism.
Councilmember Mitchell said at the study session discussion centered on
opportunity - if portions of Minnetonka Blvd. and Excelsior Blvd. are
not included in TIF districts, the Authority may not have access to funds
to redevelop.
Commissioner Tschida, referring to Excelsior Blvd., said there might never
be redevelopment, per se. Perhaps improved landscaping would be the extent.
It was an effort to do more than just looking at a spot here and a spot
there, an effort to integrate the whole southeastern corner of the City.
Commissioner Battaglia felt it important to point out the properties were
not being taken off the tax rolls, that the areas under consideration
were redevelopment areas.
It was moved by Commissioner Battaglia, seconded by Commissioner Tschida,
to receive the report for filing. The motion passed 5-0.
Pre s id ent Me la nd asked if the T IF m od if ic a t io ns w er e app ro ve d , w o u ld
the App le Va lle y Red E M ix pro per ty be aff e c te d , i.e ., co u ld they be
rem oved from the ir pre se n t sit e . Th e Dir e c to r of Com m un it y De v e lo pm e n t
said th at w as correct .
b. Co nsid er atio n of req ue st in g wr it te n op in io n of Pla nn in g Com m is s io n /
Ca ll for' C ity Council pub lic he ar in g = The, Executive Director said
this matter was called for by State Statute and staff was recommending
proposed modifications be transmitted to the Planning Commission
for review and written comment and that the EDA establish the necessary
public hearings to consider the proposed expansions and modifications.
Resolution EDA 90-2. It was moved by Commissioner Battaglia, seconded
by Commissioner Mitchell to adopt Resolution EDA 90-2 entitled
"Resolution calling public hearing on the proposed modification
by the Economic Deve 1 opment Authority of the Highway 7 deve 1 opment
district and nodif i cation of the deve 1 opment program for the Highway
7 development district; the proposed modification of the tax increment
plan for tax increment financing District No. 85-l; the proposed
modification of the Excelsior Blvd. redevelopment project and modifica-
tion of the Excelsior Blvd. redevelopment plan; the proposed adoption
of the tax increment financing plan for the Excelsior Blvd. tax
increment financing district; the proposed modification of the
Oak Park Village redevelopment project and modification of the
Oak Park Village redevelopment plan; and' the proposed adoption
of the tax increment financing plan for the Oak Park Village tax
increment financing district."
The motion passed 4-1 {Commissioner Friedman opposed).
c. Discussion re size and type of proposed bond sale - The Executive
Director said the current estimate of the bond is $30 million.
In answer to a question from the President, the Director of Community
Development said the preliminary resolution will be considered
at the March 5 meeting and the final bond sale resolution would
be before the Authority on March 19.
It was moved by Commissioner Mitchell, seconded by Commissioner
Tschida, to authorize preparation of a bond sale resolution. The
motion passed 4-1 {Commissioner Friedman opposed).
6. Unfinished business
None.
7. New business
None.
8. Communications and bills
a. Claims - It was moved by Commissioner Mitchell, seconded by
Comm, ssToner Tschida, to approve and authorize payment. The motion
passed 5-0.
9. Adjournment
It was moved by Commissioner
Tschida to adjourn at 7:20 p.m.
Battaglia, seconded by Commissioner
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