HomeMy WebLinkAbout1992/02/04 - ADMIN - Minutes - Economic Development Authority - RegularMICROFILMED
MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
February 4, 1992
1. Call to order
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Vice-president Allen Friedman called the meeting to order at 6:30 p.m.
2. Roll call
The following Commissioners were present at roll call: Jeff Jacobs, Allen Friedman,
Larry Mitchell and Lyle Hanks. Commissioner Dorfman arrived shortly thereafter.
3. Approval of minutes
It was moved by Commissioner Hanks, seconded by Commissioner Mitchell, to approve
the minutes of the January 7, 1992 meeting. The motion passed 4-0.
4. Approval of agenda
It was moved by Commissioner Jacobs, seconded by Commissioner Mitchell, to
approve the agenda for the February 4, 1992 meeting with the fol lowing additions:
Regular March EDA meeting. The motion passed 4-0.
5. Public hearing
a. Suburban Plumbing redevelopment
It was moved by Commissioner Hanks, seconded by Commissioner Mitchell, to continue
the hearing to Feb. 18 should the applicant be prepared on that date.
The motion passed 4-0.
6. Unfinished business
a. Relocation claim: Naegele Outdoor Advertising
It was moved by Commissioner Hanks, seconded by Commissioner Mitchell, to concur
with the recommendation of Popham, Haik and approve the claim in the amount
of $31,331.85.
The motion passed 5-0.
7. New business
a. Proposal from G & P to develop an assisted living facility located adjacent
to Parshore PTace
Mike Gould, G & P, made a presentation to explain their request.
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Ba sic a ll y , th is fac ilit y w ill pro v id e a sm o o th tr a n s it io n fr o m Park sh o re Pla ce
w h e n t h o s e r e s i d e n t s a r e n o lo ng e r to liv e in d e p e n d e n t ly .
In an sw e r to a qu e st io n fr o m Com m is s io n er Do rfm an , Mr . Go u ld sa id th e up fr o n t
co st s of $2 5 0 ,0 0 0 sta n d s on it s ow n as ev id e n c e d by G & P posting a letter
of credit. Payment of this cost in no way commits the Authority to the $800,000.
$250,000 would represent a first installment of the project's subsidy.
It was moved by Commissioner Hanks, seconded by Commissioner Jacobs, to direct
the EDA Attorney to prepare a preliminary agreement to provide for the funding
of the front-end costs by the EDA.
The motion passed 5-0.
8. Communications and bills
a. January financial statement
It was moved by Commissioner Hanks, seconded by Commissioner Jacobs, to receive
for filing. The motion passed 5-0.
b. Claims
It was moved by Commissioner Hanks, seconded by Commissioner Jacobs, to approve
the claims list and authorize payment. The motion passed 5-0.
The Executive Di rector noted preci net
the EDA is scheduled to meet. By State
be held after 6:00 p.m. He was asking
date of Mon., Mar. 2.
caucases occur on Tuesday, March 3 when
statute, no governmental meetings can
the Authority to consider an alternate
It was the consensus to hold the EDA meeting on Mon., Mar. 2.
Karen LeMay Coggins, 4033 Quentin Ave. So., asked for a brief update on
the EDA afternoon meeting re the Tower Place site. The Executive Director provided
a report.
9. Adjournment
The meeting adjourned at 7:00 p.m.
Executive Director