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HomeMy WebLinkAbout1992/04/06 - ADMIN - Minutes - Economic Development Authority - Regulari C R O F IL M E D ~ I MINUTES ECONOMIC DEVELOPMENT AUTHORITY ST. LOUIS PARK, MINNESOTA April 6, 1992 l. Call to order The meeting was called to order at 6:00 p.m. by Commissioner Hanks in the absence of President Meland and Vice-president Friedman. 2. Ro 11 call l ) J The following Commissioners were in attendance: Jeff Jacobs, George Haun, Larry Mitchell, Gail Dorfman and Lyle Hanks. Also present were the Executive Director, City Attorney and Director of Community Development. 3. Approval of minutes It was moved by Commissioner Jacobs, seconded. by Commissioner Mitchell to approve the minutes of the March 2, 1992 meeting. The motion passed 4-0-1 (Commissioner Haun abstained). 4. Approval of agenda It was moved by Commissioner Mitchell, seconded by Commissioner Jacobs, to approve the agenda for April 6, 1992. The motion passed 5-0. 5. Reports a. Presentation by Barry Warner of Barton-Aschman re County Road 25/ Minnetonka Blvd./France Ave. landscape plan The Executive Director gave a brief background update on this item. Barry Warner, Barton-Aschman, using renderings of the proposed pl an, gave a presentation of the landscaping plan. The Authority had concerns about maintenance, curb & gutter and undergrounding of utility lines. The Director of Community Development said NSP has indicated cost participation by them for relocation of overhead lines is of no interest to them. Councilmember Dorfman asked if together with the landscaping was possible. it were possible to tie the businesses via Tivoli lighting. Mr. Warner said this I e In an answer to a question from Commissioner Mitchell about funding, the Executive Di rector responded funding would come from tax increment finance monies which have been pooled. Economic Develo pment Authority Minutes - April 6, 1992 P a g e 2 C o m m i s s i o n Haun felt Barton-Ashman had come up wit h as good a t h e y c o u l d g i v e n t h e m o n e t a r y li m i t a t i o n s . C e r t a i n l y d r a i n a g e, g u t t e r w a s d e s i r a b l e b u t c o s t p r o h i b i t i v e . H e w o u l d l i k e t o s e e it f o r a c o u p l e o f w e e k s . p l a n a s c u r b & deferred It was moved by Commissioner Haun, seconded by Commissioner Mitchell, to defer the item to April 20. In answer to a question from Commissioner Mitchell, Mr. Warner said the County had shown no interest in cost participation. Commissioner Mitchell was concerned that the Authority was carrying the whole load on this project, i.e. abutting businesses not much involved, County· and State showing no inclination for involvement/cost sharing. He agreed with Commissioner Haun that it was a good plan relative to the existing constraints but it was frustrating that no other entities seemed to want to participate. The Director said there were time constraints relative to seeding and planting. There was a strong concensus for undergrounding/relocation of overhead wires. Commissioner Hanks wanted to have the businesses on record as agreeing to better maintenance of their store fronts if the Authority is going to remove the wires and posts. Commissioner Mitchell added to the motion, with Commissioner Haun's approval, that staff elicit the amount of participation that can be expected from the businesses. The motion passed 5-0. b. Proposal from G & P Properties to develop assisted living facility adjacent to Parkshore Apartments Commissioner Hanks asked for clarification on staff's comment the proposal would not comply with" the Comprehensive Plan if the bank building were taken. The Community Development Director said Phase I of the proposal is marginally compliant, but staff feels Phase II (taking the bank office building) is not at all compliant as it would be another high rise living building. That corner is designated as office under the Comp Plan. Mike Gould addressed the Authority and clarified several points. To clarify, what G & P was requesting was a loan to be authorized by the Authority. The Authority is not agreeing to subsidize the project. It is a 3-year loan secured with an irrevocable Letter of Credit which would increase to cover interest as the interest accrues on the loan. During the interim 3 years, the developer is required to do the necessary planning to submit a proposal to the Authority (which is under no obligation to i n u .e s - p r i l 6 , 19 Page 3 support/subsidize such a proposal). MICROFILMED It was moved by Commissioner Mitchell, seconded by Commissioner Jacobs, to approve the loan. The motion passed 5-0. c. Status report: Park Nicollet Medical Center project The Executive Director gave a brief update on this project. No action was required. 6. Unfinished business a. Public hearing: Suburban Plumbing Redevelopment (cont. from March 2, 192 The Executive Director noted the Authority had been provided a copy of a contract for private development between the EDA and Suburban Plumbing Companies. He briefly reviewed the terms of that contract. There being no one further wishing to speak, Commissioner Hanks closed the hearing with the right of the Authority to thereafter reopen and continue it at a future date. It was moved by Commissioner Mitchell, seconded by Commissioner Haun, to approve the contract. l ) The motion passed 5-0. a i 7. New business a. Correspondence from Anderson Group and Oakmont Partners re litigation Gail Anderson, Executive Vice-president of Anderson Group Architects, addressed the Authority presenting a brief history of this matter. At the conclusion of the formal meeting, the Authority adjourned into executive session to discuss this matter because of the litigation pending. 8. Communications and bills a. March 1992 financial statement It was moved by Commissioner Mitchell, seconded by Commissioner Jacobs, to approve. The motion passed 5-0. b. Claims It was moved by Commissioner Mitchell, seconded by Commissioner Jacobs, to approve and authorize payment of claims. The motion passed 5-0. \ 9. Adjournment - The meeting adjourned at 7:05. ) o ll Executive Director ' omm1 s s 1oner