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HomeMy WebLinkAbout1991/05/06 - ADMIN - Minutes - Economic Development Authority - Regular--- -- -------------------------------------, MICROFILM=r r) J MINUTES ECONOMIC DEVELOPMENT AUTHORITY ST. LOUIS PARK, MINNESOTA May 6, 1991 1. Call to order The meeting was called to order at 6:30 p.m. by Vice-president Allen Friedman. 2. Roll call l ) J The following commissioners were present: Jeff Jacobs, George Haun, Larry Mitchell, Lyle Hanks and Allen Friedman. Also present were the Executive Director (Bill Dixon), City Attorney (Jim Steilen) and Director of Community Development' (Dave Hagen). 3. Approval of minutes It was moved by Commissioner Jacobs, seconded by Commissioner Mitchell, to approve the minutes of the April 15, 1991 meeting. The motion passed 5-0. 4. Approval of agenda It was moved by Commissioner Hanks, seconded by Commissioner Mitchell, to approve the agenda for May 6, 1991. The motion passed 5-0. 5. Reports a. Status report; Nash/Finch space needs Mr. Dixon gave a brief update on this item. The potential area for their relocation is Block 5 in 0ak Park Village. Staff was asking for input from the EDA as to the extent of assistance it would be willing to give for an office building at this site. Commissioner Mitchell asked if a long-term lease situation had ever been explored. Mr. Steilen said his office was looking at that prospect with regard to Suburban Plumbing wherein they would be interested in a lease situation to avoid adverse tax consequences. He said he was not aware of such a situation in a redevelopment but that did not mean it could not be done. Commissioner Hanks wondered if this was the best time to be looking at development with the glut of available office space in the City. He did want to keep Nash/Finch in the City. Vice-president Friedman felt that insufficient information was available at this point to make any decision. He suggested that in the interim, staff continue to work with Nash/Finch and also report back to the Authority with facts, figures and some direction. Economic Development Authority minutes May 6, 1991 MICROFILMED b. Status report: Suburban Plumbing Mr. Dixon said staff was seeking from the Authority: (1) authorization for execution of a deed granting the City an easement across the north edge of the Pick A Pop site; and (2) direct staff to explore the option of relocating the above-ground electrical lines to a less obtrusive location. It was moved by Cammi ss i oner Mitchell, seconded by Cammi ss i oner Hanks to approve recommendations in staff's report. Commissioner Friedman asked why there was not an agreement before the Authority spends money. Mr. Hagen said the proposed work would not necessarily be done before the development agreement is executed. He said some savings would be realized by doing some of the underground now /in\ that restoration costs would not be as significant if done as part of a frontage road construction project. The motion passed 5-0. c. Status report: 3400 Republic Ave. This request for easement is necessitated by the pending Hwy. 7/Louisiana Ave. intersection construction. There was some confusion as to the status of an agreement on this property. It was moved by Commissioner Mitchell, seconded by Commissioner Hanks, to approve the recommendation subject to clarification of the agreement/easement issue, and in the interim receive for filing. The motion passed 5-0. d. Status report: Parking arrangements with Park Tavern Mr. Dixon said for the Authority's consideration this evening was to direct staff to give notification of termination of the existing lease and to negotiate a new lease requiring lease payments of $3600/yr., installation of hard surfacing on the parking lot, installation of landscaping between the lot and Louisiana Ave. and installation of curb stops along the east, west and south sides. Commissioner Hanks felt staff's report should be discussed with Park Tavern and then return to the Authority. It appeared to Commissioner Mitchell that the City has subsidized the establish- ment over the years as none of the landscaping and amenities have been done plus additional parking has been used without additional compensation to the City. Also what they have been paying does not fairly reflect the market. 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 y 6 , 1 9 9 1 r-, I MICROFILMED ' ) i I ? Commissioner Friedman asked staff to return with a property appraisal value factoring in the paving, landscape and curbing improvements. Commissioner Haun felt the Tavern was using more property than they are going to want to lease or improve. He felt that should be discussed with the lessee and determine what their real needs are. It was moved by Commissioner Hanks, seconded by Commissioner Mi tchell, to direct staff to negotiate with Park Tavern and return with a report at the next meeting, having provided them with staff's report. Commissioner Jacobs would ask that staff provide a fair market value on the property. The motion passed 5-0. 6. Unfinished business None. 7. New business a. Agreement with Nick Trkla Mr. Dixon explained that the agreement was in the process of being typed and would be before the Authority as soon as that was accomplished. b. Authorization to use Barton-Aschman It was moved by Commissioner Hanks, seconded by Commissioner Mitchell, to so approve. The motion passed 5-0. 8. Communications and bills a. April 1991 financial statement. The report was ordered filed by consensus b. Claims It was moved by Commissioner Hanks, seconded by Commissioner Mitchell, to approve the claims and authorize payment. Commissioner Friedman said he asked Mr. Dixon to provide him with a legal services claims· list breakdown. He was asking that claim be postponed to the next meeting to allow for his review. The claims were approved 5-0 with the removal of the legal claim. 9. Adjournment - The meeting adjourned at 7:20 p.m. lilt,