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HomeMy WebLinkAbout1991/03/04 - ADMIN - Minutes - Economic Development Authority - RegularA1CROFILMED r 5 , MINUTES ECONOMIC DEVELOPMENT AUTHORITY ST. LOUIS PARK, MINNESOTA March 4, 1991 1. Call to order The meeting was called to order by President Keith Meland at 6:00 p.m. 2. Ro 11 call l ) J The following commi ssione rs were present at roll ca 11: George Haun, Keith Meland, Larry Mitchell and Lyle Hanks. Commissioner Tschida arrived at 6:20 p.m. Also present were the Executive Director (Bill Dixon), City Attorney (Jim Steilen) and Director of Community Development (Dave Hagen). 3. Approval of minutes of Feb. 4 and Feb. 6, 1991 meetings It was moved by Commissioner Mitchell, seconded by Commissioner Hanks to approve the minutes. The motion passed 4-0. 4. Approval of agenda It was moved by Commissioner Haun, seconded by Commissioner Hanks, to approve the agenda for Mar. 4, 1991. The motion passed-4-0. 5. Reports a. Update - ENSR report re Tower Place Mr. Dixon gave a brief introduction of this report. It was moved by Commissioner Hanks, seconded by Commissioner Mitchell, to accept the ENSR Tower Place addendum and direct staff to bring back to the Authority a report on the costs that would be incurred if TRKLA undertook the job of contacting potential lenders. Commissioner Haun did not want to see a lot of money spent in this fashion. The motion passed 4-0. b. Update: Suburban Plumbing proposal Mr. Dixon said staff has continued to meet with Suburban Plumbing on their proposed redevelopment. It was moved by Commissioner Mitchell that the EDA authorize execution of a preliminary cost-sharing agreement and to negotiate a development agreement with Suburban Plumbing and the landowner consistent with the terms and conditions of staff's report. Commissioner Hanks seconded. The subject of the two billboards on the site came up. Commissioner Hanks asked if the removal of both billboards was part of the Authority's assistance Economic Develo pment Authority minutes M a r c h 4 , 1 9 9 1 MICROFILMED Mr. Haugen said staff had classified that in the cost assistance request as a site enhancement something the Authority would probably have to pay for. Commissioner Hanks asked if staff had reviewed the billboard lease. Mr. Hagen said staff had not yet been provided a copy of the lease. Commissioner Hanks was concerned about T[F funds been used to remove billboards because this situation might occur in various locations throughout the City and a precedent has been set. which is to Mr. Hagen felt the Authority had a couple of options one of/let the term of the present leases expire in which case the Authority's costs for getting rid of the billboards would be much less than if Naegele's interest were bought out. He said Suburban would just as soon leave the billboards in place. The landowner wants a certain income flow each year which will include rental revenues from the billboards. Commissioner Hanks felt if the billboards were that important, perhaps the Authority would not be interested in getting involved in the redevelop- ment of this property. It was his opinion redevelopment of Hwy. 7 did not include billboards. Commissioner Mitchell concurred. President Mel and suggested that if the motion before the Authority passes, it could be subject to negotiations between the Authority's attorney and the developer. Mr. Steil en wondered if Apex Realty ( the landowner) owned other property with which to negotiate some trading of billboard rights. He wanted to make it cl ear that by the motion if a development agreement is negotiated between the Authority and Suburban, it does not mean a commitment for redevelopment is made. Mr. Tobin, Tobin Realty, representing Suburban said the subsidy being requested of the Authority was not for any particular part of the project. He felt the question was how effectively they would be able to negotiate with Naegele if it came down to getting rid of the billboards in order to proceed. He hoped this billboard issue would not be the determining factor on the whole development. He said Tobin would work with the Authority in any way to solve the billboard issue. The motion passed 5-0. 6. Unfinished business a. Possible land acquisition (closed meeting). This item was placed at the end of the agenda after adjournment. 7. New business None. E c o n o m i c D e v e l o p m e n t A u t h o r i t y m i n u t e s M a r c h 4 , 19 9 1 r 8. Communications and bills J a. Claims MICROFILMED It was moved by Commissioner Hanks, seconded by Commissioner Haun, to approve the claims and authorize payment. The motion passed 5-0. b. February 1991 financial statement It was moved by Commissioner Haun, seconded by Commissioner Hanks, to receive for filing. The motion passed 5-0. 9. Adjournment The meeting adjourned at 6:29 p.m. .3l% ' ) j I - I I ~