HomeMy WebLinkAbout1992/08/03 - ADMIN - Minutes - Economic Development Authority - Regularr MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
August 3, 1992
1. Call to order
The meeting was called to order by President Keith Meland at 6:15 p.m.
2. Ro 11 cal l
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The following Commi ss i one rs were present at roll ca 11: Jeff Jacobs, George
Haun, Allen Friedman, Lyle Hanks, Larry Mitchell and Keith Mel and. Gai 1
Dorfman arrived shortly thereafter.
A 1 so present were Acting Executive Di rector Dave Hagen and City Attorney
Jim Steilen as well as Public Works Director Jim Grube.
3. Approval of minutes
It was moved by Commissioner Hanks, seconded by Commissioner Jacobs,
to approve the minutes of the July 6, 1992 meeting. The motion passed
7-0.
It was moved by Commissioner Haun, seconded by Commissioner Mitchell,
to approve the minutes of the July 13, 1992 meeting. The motion passed
7-0.
4. Approval of agenda
It was moved by Commissioner Hanks, seconded by Commissioner Jacobs,
to approve the agenda for August 3, 1992. The motion passed 7-0.
5. Reports
a. Update: G & P Properties proposal for assisted living facility
Mike Gould, G & P Properties, introduced Kurt Glazer, mortgage banker,
who addressed the Authority. His role is to arrange the most economically
feasible way to finance G & P's proposed assisted living project.
Mr. Glazer said that in the packet given to the Authority 4 firms had
indicated an interest in financing the project. He spoke briefly about what
a potential lendor would be looking for.
It was moved by Commissioner Haun, seconded by Commissioner Mitchell,
to continue to negotiate the assistance package.
The motion passed 7-0.
5b. Update: Triangle area
Mr. Hagen gave a brief update.
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Minutes
Economic Development Authority
August 3, 1992 2.
It was moved by Commissioner Mitchell, seconded by Commissioner Hanks, to
accept the recommendations in the staff report, i.e., (a) authorize staff
to present formal requests for financial assistance to MnDOT and Hennepin
County for improvement of traffic signals and street lighting at the Triangle
intersection; (b) authorize staff to solicit proposals from consulting engineer-
ing firms for design of traffic signal and street light improvements in
the Triangle area; and (c) Reiterate its support for elimination of overhead
wires crossing the Triangle area and acknowledging a revised cost estimate
of $42,000 from NSP.
Commissioner Haun asked if a written estimate had been received from NSP.
Mr. Hagen said it was verbal at this point. A written proposal has been
requested.
Commissioner Mitchell modified his motion to include a written cost estimate
from NSP before proceeding.
The motion passed 7-0.
c. Update: Park Nicollet development
President Mel and referenced the memo before the Authority relative to funding
remediation. Authority approval was sought for the proposal to be incorporated
into the redevelopment agreement. as a basis for continuing to negotiate.
The above was so moved by Commissioner Hanks and seconded by Commissioner
Friedman.
The motion passed 7-0.
6. Unfinished business
a. Closed meeting re Wilkins (pending litigation)
This item was discussed in a closed session following the adjournment of
the formal meeting.
7. New business - None
8. Communications and bills
a. July 1992 financial statement
It was moved by Commissioner Jacobs, seconded by Commissioner Mitchell,
to receive for filing. The motion passed 7-0.
b. Claims
It was moved by Commissioner Jacobs, seconded by Commissioner Mitchell to
approve. The motion passed 7-0.
9. Adjournment adjourned a 6:48 p.m.
Executive Director