HomeMy WebLinkAbout2004/06/21 - ADMIN - Minutes - Economic Development Authority - RegularAUhCITYOF
ST. LOUIS
PARK
OFFICIAL MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
June 21, 2004
1. Call to Order
President Santa called the meeting to order at 7:20 p.m.
2. Roll Call.
Commi ssioners present: Sue Santa, Sally Velick, Phil Finkelstein, John Basill, Jeff
Jacobs, Sue Sanger
Commissioners absent: Paul Omodt
3. Approval of Minutes
3a. Economic Development Authority Minutes of June 7, 2004
The minutes were approved as presented.
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4. Approval of Agenda
5. Reports
Sa. Motion to accept and file vendor claim report
It was motioned by Mayor Jacobs, seconded by Commissioner Velick, to accept the
vendor claims for filing.
Motion passed 6-0.
6. Old Business:
7. New Business
7a Public Hearing - Purchase and Redevelopment Contract with Philips
Investment Company (Park Tavern) EDA Resolution No. 04-05
Steve Bubul, Kennedy & Graven, was present at the meeting.
Mr. Hunt reported that the EDA still retains a narrow piece of property at 3501 Louisiana Ave
that has previously been leased to the Park Tavern on a yearly basis. He stated that Park Tavern
had agreed on a purchase price and will pave the lot to serve as a parking lot with curb and
gutter. Mr. Hunt said Park Taver is will ing to share the costs of the re-plat and environmental
response requirements. He added that Park Tavern and the EDA would have the same
indemnifications as the rest of the 3501 Louisiana Ave property.
Mr. Hunt reported that closing would occur on October 1', 2004. He stated that with this
purchase agreement, it is a compromise on both sides. Park Tavern will receive ownership of
EDA Meeting Minutes -2- June 21, 2004
land for customer parking but will be required to install a parking lot. The City brings a non-
conforming parking lot up to code and places the parcel back on the tax roll. Staff recommends
approval of the sale.
President Santa opened the public hearing.
Councilmember Sanger inquired about a deadline for when the re-platting will occur. Mr. Hunt
replied that it would be re-platted once the closing is complete. Councilmember Sanger clarified
that it would occur after October and also requested that a set deadline be included. Mr. Bubul
replied that the City is taking the lead on the plat and a deadline is a reasonable requested.
Councilmember Finkelstein suggested a year end deadline so that the property would be on the
2005 tax rolls ..
It was motioned by Commissioner Jacobs, seconded by Commissioner Sanger, to adopt EDA
Resolution No. 04-05 approving the sale of the remaining portion of the Economic Development
Authority's property located at 3501 Louisiana Avenue to Philips Investment Company with an
amendment to set a December 31, 2004 deadline for re-platting.
Motion passed 6-0.
8. Communications: None
9. Adjournment
President