HomeMy WebLinkAbout1990/07/16 - ADMIN - Minutes - Economic Development Authority - RegularM IC R O F IL M E D
MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
July 16, 1990
l. Call to order
The meeting was called to order by President Keith Meland at 6:30 p.m.
2. Roll call
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The following Commissioners were present at roll call: Bruce Battaglia,
George Haun, Allen Friedman, Lyle Hanks, Larry Mitchell, Jane Tschida
and Keith Meland.
A 1 so present were the Executive Di rector and Di rector of Community Deve 1 op-
ment.
3. Approval of minutes
It was moved by Commissioner Tschida, seconded by Commissioner Hanks,
to approve the minutes of the July 1, 199O meeting. The motion passed
4-O-3 (Commissioners Mitchell, Meland and Battaglia abstained).
4. Approval of July 16, 1990 agenda
It was moved by Commissioner Battaglia, seconded by Commissioner Haun,
to approve the agenda. The motion passed 7-O.
5. Reports - None
6. Unfinished business
a. Continued discussion re Redevelopment Resource Scenarios (Draft 2) - The
Executive Director explained that the report before the Authority was
a report on what Tax Increment Financing has meant to St. Louis Park.
Also attached to the report were a number of graphs visually illustrating
the value of TIF to the City. ·
Commissioner Mitchell suggested addition of a fifth scenario, i.e. actually
a follow-up to scenario 3 which speaks to Oak Park Village being paid
off as scheduled in 1996. He felt a fifth scenario should be prepared,
identical to No. 3, that would be identical with the exception of Excelsior Blvd.
being paid off in 2006 and what the implications of that would be.
Councilmember Mitchell made that a motion which was seconded by Commissioner
Haun. The motion passed 7-O.
It was moved by Commiss i oner Mitchell, seconded by Cammi ss i oner Hanks,
to approve the recommendations in staff's report including a fifth scenario
as proposed by Commissioner Mitchell.
The motion passed 6-1 (Commissioner Friedman opposed).
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Economic Development Authority minutes
July 16, 1990
2.
Commissioner Battaglia asked how - much TIF has cost the City, the
School Board and the County to get to the current situation.
The Director of Community Development stated staff1s report did not
show the costs to the City to date either in terms of lost taxes or
in terms of up front costs to achieve redevelopment. He said those figures
could be provided, although he could not guarantee 100% its accuracy.
7. New business
a. Resolution appointing the law firm of Popham, Haik as bond counsel
for financings undertaken by and through the St. Louis Park Economic
Development Authority - Resolution EDA 90-07 entitled "Resolution appointing
the law firm of Popham, Haik, Schnobrich & Kaufman, Ltd. as bond counsel
for financings undertaken by and through the City of St. Louis Park,
Minnesota."
It was moved by Commissioner Hanks,. seconded by Commissioner Battaglia,
to approve the resolution. The motion passed 7-0.
8. Adjournment
The meeting was adjourned at 7:16 p.m.
Executive Director
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