HomeMy WebLinkAbout2004/05/17 - ADMIN - Minutes - Economic Development Authority - RegularA~CITYOF
ST. LOUIS
PARK
OFFICIAL MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
M ay 17, 2004
1. Call to Order
Chair Santa called the meeting to order at 7:15 p.m.
2. Roll Call.
Commi ssioners present: John Basill , Phil Finkelstein, Susan Sanger, Sue Santa, Paul Omodt,
Sally Velick, and Jeff Jacobs.
Staff present: Executive Director (Mr. Harmening), Economic Development Coordinator (Mr.
Hunt), Assistant Zoning Admi nistrator (Mr. Morrison), Planning Coordinator (Ms. Erickson),
Associate Planner (Ms. Grove), and Recording Secretary (M s. Teagarden).
3. Approval of Minutes - none
4. Approval of Agenda
A motion was made by Commissioner Jacobs, seconded by Commissioner Sanger, to approve
) the agenda.
Motion passed 7-0.
5. Reports
Sa. Motion to accept and file vendor claim report.
A motion was made by Commi ssioner Basill , seconded by Commi ssioner Jacobs to
accept and file vendor claim report.
Motion passed 7-0.
6. Old Business - none
JAMIN\Joo
7. New Business
7a. Purchase Agreement for 5925 Highway 7 (the Soomekh Oriental Rugs
Building.
A staff report was given by Greg Hunt. Staff pointed out that this issue was taken up at
the February 23, 2004 Study Session, as well as the Study Session on April 12, 2003.
The business points of the purchase agreement were discussed at those meetings. It was
the consensus of the EDA at that meeting to pursue a purchase agreement with the
property owner of 5925 Highway 7. They are summ arized in the staff report. A
resolution that goes along with the adoption of this purchase agreement is provided. The
EDA Meeting Minutes -2- May 17, 2004
EDA attorney has recomm ended a second motion as well, indicating the subject property
be purchased with available tax increment dollars from the Excelsior Boulevard TIF
district.
Chair Santa asked for discussion and clarification of the two motions. Mr . Hunt
responded the two motions were: 1) to adopt the resolution and 2) to purchase the
property with available tax increments.
It was moved by Commissioner Jacobs, seconded by Commissioner Basil! to approve
EDA Resolution No. 04-03 approving purchase of land between the EDA and MJS-9229
LLC for 5925 Highway 7 and authorize the President and Executive Director to execute
the d ocum ents necessary to complete the real estate transaction.
Motion passed 7-0
It was moved by Commissioner Jacobs, seconded by Commissioner Basil! that 5925
H ighw ay 7 be p urchased w ith avail able tax increm ent financing doll ars from, the
Excelsior B ouleva rd Tax Increm ent F inancing D istrict.
M otion p a ssed 7-0 .
8. Communications - none
9. Adjournment
T he m eetin g w as adjo urn ed at 7:30 p.m.
S ecretary President