HomeMy WebLinkAbout2005/05/02 - ADMIN - Minutes - Economic Development Authority - RegularAUh CITYOF
ST. LOUIS
PARK
OFFICIAL MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
May 2, 2005
1. Call to Order
President Santa called the meeting to order at 7:25 pm.
2. Roll Call.
Commissioners present: Sue Santa, John Basill, Jeff Jacobs, Phil Finkelstein, Paul Omodt, Susan
Sanger and Sally Velick.
Staff present: City Manager (Mr. Harmening), Finance Director (Ms. McGann) and Recording
Secretary (Ms. Stegora-Peterson).
3. Approval of Minutes
3a. Economic Authority Minutes of April 4, 2005
It was motioned by Commissioner Omodt, seconded by Commissioner Jacobs to approve
the minutes as presented.
) The motion passed 7-0.
3b. Economic Authority Minutes of April 18, 2005
It was motioned by Commissioner Omodt, seconded by Commissioner Jacobs to approve
the minutes as presented.
The motion passed 7-0.
4. Approval of Agenda
It was motioned by Commissioner Jacobs, seconded by Commissioner Sanger to approve
the agenda.
The motion passed 7-0.
5. Reports
Sa. Motion to accept and file vendor claim report
It was motioned by Commissioner Finkelstein, seconded by Commissioner Omodt to
accept the vendor claims for filing.
The motion passed 7-0.
ED A M eeting Mi nutes -2- M ay 2, 2005
6. Old Business
7. New Business
7a. Authorizing Pledge Agreement for 2005 General Obligation and Tax
Increment Financing Bonds. EDA Resolution No. 05-09
M s. M cG ann presented the staff report.
It was motioned by Commissioner Sanger, seconded by Commissioner Finkelstein, to
approve EDA Resolution No. 05-09 authorizing execution of a Tax Increment Pledge
Agreement related to the $2,470,000 General Obligation Tax Increment Refunding
Bonds, Series 2005B; and to approve the pledge agreement of available tax increment to
the City for the for the principal and interest on the Bonds from and after the redemption
date on the Refunded Bonds.
The motion passed 7-0.
8. Communications: None
9. Adjournment
It was motioned by Commissioner Velick, seconded by Commissioner Omodt to adjourn.
The motion passed 7-0.
T he meeting adjourn ed at 7:27 p.m .
hr lank,
retary President