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HomeMy WebLinkAbout1990/05/07 - ADMIN - Minutes - Economic Development Authority - RegularMICROFILMED 7 , MINUTES ECONOMIC DEVELOPMENT AUTHORITY ST. LOUIS PARK, MINNESOTA May 7, 1990 l. Call to order The meeting was called to order at 6:15 p.m. by Vice-president Allen Friedman. 2. Roll Call The following commissioners were present at roll call: George Haun, Lyle Hanks, Larry Mitchell, Jane Tschida and Allen Friedman. 3. Approval of minutes It was moved by Commissioner Hanks, seconded by Commissioner Haun, to approve the minutes of the April 2 meeting. The motion passed 5-0. 4. Approval of the agenda It was moved by Commissioner Mitchell, seconded by Commissioner Haun, to approve the agenda for May 7, 1990. The motion passed 5-0. l ) 5.Reports 8 a. Status report: Robert Larsen Partners proposal - The Executive Di rector referenced the memo before the Authority. A letter from Larsen Partners stated the proposal for the Golden site is cancelled. Some $11,000 is owing to the Authority from Larsen Partners and staff is pursuing payment of same. b. Status report: Property occupied by Wilkins Pontiac - The Executive Director said staff has been trying to schedule a meeting with Wilkins and General Motors re relocation. c. Status report: Hoyt Development proposal at northwest corner of Louisiana/ Highway 7- The Executive Director referenced the memo before the Authority wherein no request for changes and/or modifications has been received from the developer relative to the reconstruction of the intersection and its realignment. The City Attorney noted his firm is sometimes retained by Hoyt Development. If this matter proceeds, he would want to discuss this with the Authority in terms of requesting Waivers of Conflict, etc. d. Status report: Twinco - The Executive Director said a number of conversa- tions have been held with Twinco re the desire to expand within St. Louis Park. The present site is not adequate to meet their expansion needs and other properties in the City have been discussed. The utilization of tax increment financing would not be economically feasible from the City's perspective. The Community Development Director said among sites viewed, the proposed 1/ . EDA minutes May 7, 1990 Larsen Partners site was considered; however, Twinco shied away from that site because of the problems associated with it. Commissioner Mitchell felt talks about the potential for Twinco's relocation to the Larsen site should be explored because of the position the State has taken on this property which would allow development within that position. Councilmember Mitchell asked Mr. Ribnick of Twinco, what was the potential for the Larsen site. The Director of Planning said it was ample size to accommodate Twinco. 6. Unfinished business a. Recommendation to sever development relationship with Louisiana Partners and remove property from the market The Executive Director presented a brief background on this item. Two representatives from Louisiana Partners were present. He said no formal agreement was ever executed for this proposal. He said staff was unable to comment on the developer's al legat ion that the developer was led to believe from the beginning that the Authority/City would indemnify for the soil conditions should that become necessary. It was moved by Commissioner Mitchell, seconded by Commissioner Haun, to refer the matter to staff and City Attorney and direct staff to return the $10,000 received from Louisiana Partners for their intent to acquire the property and develop it. and that staff study the options in Quest's letter. Mr. Waters, Louisiana Partners, was of the opinion when told land is developable and marketable, indemnification is implicit. He gave a rundown of the history of this project. He was questioning why the Authority has asked to sever the relationship. Commissioner Tschida asked the City Attorney for his opinion on the implied indemnification. The City Attorney said because a parcel is developable does not automatically mean any party is indemnified. The motion passed 5-0. b. Request of Park Shore Place for modification to assessment agreement It was moved by Commissioner Hanks, seconded by Commissioner Tschida, to defer the item. The motion passed 5-0. I -2- I ) ED A m in u te s M ay 7, 19 9 0 MICROFILMED ' , l ) 7. New Business a. Review of proposed RFP: Redevelopment area Commissioner Hanks said he had received a call from another development firm. He asked if it were appropriate to refer such calls to the Executive Director. The Executive Director said that would be appropriate. It was the consensus of the Authority that something more than just an engineering firm was being sought. Commissioner Tschida felt that what was being sought, and what should be emphasized in the proposal, is site planning, landscaping and architectural considerations as well as engineering. Discussion followed re use of the 1984 design plan for Hwy. 7 and that it be used merely as reference in any new development pl an, not used to build upon or modify. Commissioner Mitchell, noting the RFP did not include all of Hwy. 7, felt what was requested was piecemeal. He would like to see all of Hwy. 7 included in the study as well as Minnetonka from Hwy. 7 to Hwy. 100. It was moved by Commissioner Mitchell, seconded by Commissioner Tschida, to approve the proposed RFP with the addition of Minnetonka Blvd. from east City limits to Hwy. 100 and to include all of Hwy. 7. It was the consensus of the Authority that a total bid package as well as item by item task come back to the Authority for its consideration. The motion passed 5-0. b. Report and recommendation re environmental analysis, N.E. corner of Excelsior Blvd./Rwy. 100 The Executive Director reviewed the two bids received. It was moved by Cammi ss i oner Hanks, seconded by Commissioner Mitchell, to authorize execution of a contract with ENSR for an environmental analysis. The motion passed 4-1 (Commissioner Friedman opposed). 8. Communications and bills a. Financial report - It was moved by Commissioner Hanks, seconded by Commissioner Haun, to receive the financial report for filing. The motion passed 5-0. It was moved by Commissioner Hanks, seconded by Commissioner Haun, to approve claims and authorize payment. 9. Adjournment - The meeting adjourned "0,, 4{t-EE -3-